1.Today's Summary

①. Today, the mainstream price of pure white clean chips for imitation large-scale production in Jiangyin is around 5100 yuan/ton, and the mainstream price of blue-white clean chips for imitation large-scale production is 5000 yuan/ton.

②. In this trading day, the spot price of PTA is -30 to 4860, ethylene glycol is -23 to 4612, which translates to a polymerization cost of 5700.32, a decrease of 33.355 from the previous trading day. (Unit: yuan/ton)

2.Spot Overview

Using the Jiangsu region as a benchmark, today's price for pure white imitation large-scale production closed at 5100 yuan/ton, slightly lower than the previous period, in line with early expectations. The textile manufacturing industry is gradually resuming full production operations, with raw material inventories continuously decreasing. Meanwhile, the market for winter wool container recycling is gradually warming up, leading to tighter circulating inventory, with prices maintaining a stable but slightly fluctuating trend, and product transactions also gradually returning to normal.

3.Production Dynamics

The weekly capacity utilization rate for recycled PET is 39.8%, an increase of 11.1% from the previous period. Most terminal and downstream recycled fiber factories have ended their shutdowns and holidays, and market operators are gradually resuming operations, with companies' operating loads steadily increasing. Washing plants have mostly ended their holidays, and the operating load of recycled PET enterprises is gradually increasing. The daily profit for recycled PET is 400 yuan/ton.

4.Price Forecast

As various producers gradually resume operations, overall capacity has not yet fully recovered. The demand for textiles remains weak, with new order volumes showing an unstable state. At the same time, the shipping speed of downstream chemical fiber enterprises has slowed down, and raw material procurement mainly revolves around meeting current production needs, with a relatively low willingness to accumulate inventory. Currently, it is the off-season for wool container supply, making the circulating inventory in the market rather tight, and recycling and packaging stations tend to hold onto goods, showing a significant reluctance to sell. Given the limited profit margin, many washing and processing enterprises choose to continue their shutdowns. Considering both supply and demand factors, it is expected that the recycled PET market will maintain a certain range of fluctuations in the short term.

5.Situation of Related Products

Polyester chip market: Currently, in the East China region, the main reference negotiation price for semi-dull polyester chips is 6050-6150 yuan/ton, and the negotiation price for bright chips is 6060-6150 yuan/ton. Under the pressure of cost reduction, some polyester chip factories have slightly lowered their quotations today, while traders' quotes remain stable and are observing the situation. There is considerable uncertainty about the trend of upstream costs, and the downstream sector is primarily in a wait-and-see mode.

6.Data Calendar