[Morning Alert on Recycled PET] Recycled PET Is Expected to Show a Narrow-Range Sideways Trend in the Short Term
I. Focus Points
1. Oil prices fell to their lowest level since early March, as the Strait of Hormuz is expected to reopen following a deal between the U.S. and Iran.
2. Incremental growth in the recycling of rough bottles, with weak price expectations.
Core logic: Focus on weather and changes in end-user load.
II. Price Form
|
6 Month 12th |
6 15th of the month |
Price Change Rate |
|
|
ICE Brent crude oil |
87.33 |
83.17 |
-4.76% |
|
PX |
1148.00 |
1075.17 |
-6.34% |
|
PTA |
6550.00 |
6245.00 |
-4.66% |
|
MEG |
4762.00 |
4562.00 |
-4.20% |
|
Semi-thin section |
7365.00 |
7080.00 |
-3.87% |
|
Jiangsu and Zhejiang polyester staple fiber |
7855.00 |
7550.00 |
-3.88% |
|
East China Shangji White Plate |
4700.00 |
4700.00 |
0.00% |
|
Playing empty space |
6100.00 |
6100.00 |
0.00% |
|
Jiangsu 1.4D High-Strength Low-Elongation Simulated Viscose-like Fiber |
5950.00 |
5950.00 |
0.00% |
|
Note: |
|||
III. Market Outlook
The aggregate cost has sharply declined, with large chemical fibers and new polyester chips experiencing a wide downward trend. The price gap between new and old materials has narrowed, putting pressure on the sentiment in the recycling market. End-user essential demand orders provide insufficient support, recycled chemical fiber production and sales remain sluggish, and amid a cost-control mindset, the tendency to push down raw material purchase prices persists. However, the increase in recovered bottle supply is limited, cold-washing plants are seeing poor profitability, and many are reluctant to sell at low prices.Recycled PET is expected to fluctuate within a narrow range in the short term. 。
Four 、 Data Calendar
|
data |
Publication Date |
Last period data |
Expected trend for this period |
|
Polyester chip production-sales ratio |
Weekday 16:00 |
55.91% |
↑ |
|
Recycled Bottle Flake Capacity Utilization Rate |
Thursday 16:00 |
43.2% |
↓ |
|
Recycled Bottle Chip Factory Inventory |
Thursday 16:00 |
7.27 |
↓ |
|
Chemical fiber weaving operating rate |
Thursday 16:00 |
51.08% |
↓ |
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