【Morning Update on Recycled PET】Washing plants are operating and selling as they go, and it is expected that the recycled PET market may continue to experience a weak and fluctuating trend.
I. Key Points of Focus
1. Crude oil fell by more than 2% during the session, with Brent crude breaking below $70 for the first time since October last year, although the losses narrowed later;
2. The terminal weaving industry is gradually warming up, but the recovery in demand remains quite limited.
Core logic: Pay attention to changes in weather and terminal load.
II. Price List
III. Market Outlook
The increase in new orders from the terminal side is limited, and chemical fiber factories are maintaining essential purchases. Recently, the prices of polyester chips and large-scale products have shown a decline, putting pressure on the sentiment towards recycled materials. Cleaning plants are operating on a just-in-time basis, and it is expected that the short-term trend for recycled PET may remain weak and volatile.
IV. Data Calendar
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