[pet daily review] cost fluctuates, bottle flakes operate weakly

1 Today's Summary

1. How stable are factory quotes? (Unit: yuan/ton)

The domestic polyester bottle chip capacity utilization rate reached 71.82% today.

2 Spot Overview

Table 1 Summary of Domestic Polyester Bottle Chip Prices (Unit: Yuan/Ton)

As of today, using the East China region as a benchmark, the spot price for polyester bottle-grade PET closed at 5820, down 20 from the previous working day, which does not meet the morning expectations.

Polyester bottle chip factory quotations are mostly stable, and after previous shipments, the market bottom price has moved up, however...Cost fluctuates. ， Market The high-end offers have moved downwards, with the transaction focus showing weak fluctuations. Offers for goods from September to November are between 5800-5980, counter-offers are between 5790-5830, with higher offers at 5850-5880, and inquiries are not favorable. Unit: RMB/ton.

3. Production Dynamics

Today, the capacity utilization rate of polyester bottle chips reached 71.82%. In terms of profit, the price of raw material PTA increased by 13 to 4608, MEG price decreased by 41 to 4455, polymerization cost decreased by 3 to 5432, and the profit of polyester bottle chips had a loss of 227.35 yuan/ton.

4. Market Sentiment

Table 2: Sentiment Expectations of Domestic Polyester Bottle Industry Practitioners Upstream and Downstream (Updated on Monday)

5. Price Prediction

The overall procurement on the demand side is relatively rigid, and after a narrow margin profit recovery, it drags down the market's upward potential. It is expected that tomorrow the polyester bottle chips may follow a slightly warmer trend due to cost fluctuations. The spot price of polyester bottle chips for water bottles in the East China region will run in the range of 5810-5900 RMB/ton.

6. Related Product Information

PTA Market: Today's PTA Spot Price +13 To 4608 。 9 The main port offers for delivery in January are at a discount of 55-60, with bids for delivery in January at a discount of 60-65 having transactions. Bids for delivery in late October at the main port are around a discount of 50. During the day, the absolute price fluctuates warmly with the cost, and the spot basis strengthens with the monthly difference. Market transactions are based on just-in-time demand. (Unit: RMB/ton)

MEG Market  ： Today, the ethylene glycol market experienced a general weakening in negotiations, with spot basis prices significantly declining. At the market's opening, the spot price in Zhangjiagang opened low at around 4445. During the day, affected by supply-side pressure, buying interest was noticeably sluggish, and negotiations remained at low levels. In the afternoon, there was no significant improvement in the market, and by the close, negotiations were around 4440. The spot basis price showed a decline, starting at 01+130 in the morning and briefly dropping to around 01+110 during the day before stabilizing at around 01+120. The South China market followed the weakening trend, with downstream buying interest remaining subdued and transactions maintaining low volumes.