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【PET Daily Review】Down 15-30! Terminal demand remains moderate, PET market adjusts with weak fluctuations.

Longzhong 2025-03-28 17:12:25

1 Today's Summary

1. China Resources and Yizheng lowered by 30-40, Sanfangxiang raised by 50, other factories remained stable. (Unit: yuan/ton)

② The domestic PET bottle chip capacity utilization rate reached 75.87% today.

2 Spot Overview

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

Market	Specification	March 27th	March 28th	Rise and fall value	Price Change Percentage
East China	Aquarius Level	6110	6090	-20	-0.33%
South China	Aquarius Class	6125	6110	-15	-0.24%
North China	Aquarius level	6100	6070	-30	-0.49%

Based on the East China region, the current spot price for polyester bottle grade flakes is 6090, down 20 from the previous working day, which is basically in line with the morning expectation.

Crude oil has been rising continuously, but the impact of polyester plant production cuts has led to a slight decline in the prices of the two main raw materials for polyester. Due to cost pressures, some polyester bottle chip factories have maintained stable prices while others have reduced prices by 30-40 yuan, with some local areas increasing prices by 50 yuan. The market focus has noticeably weakened, with transactions for March-April shipments heard to be between 6030-6150 yuan; downstream buyers are purchasing only as needed. Basis has weakened slightly; the 2505 contract is at a premium of 50 yuan, down from a discount of 30 yuan previously, and trading activity is low.Unit: Yuan/ton

Figure 1: Domestic PET Bottle Chip Price Trend Chart for 2025 (RMB/ton)	Figure 2 Price Trend Chart of Domestic Polyester Bottle Chips in 2025 (Yuan/Ton)

Data Source:隆众资讯	Data source: Longzhong Information

3. Production Dynamics

Today, the capacity utilization rate of polyester bottle chips reached 75.87%. In terms of profits, the prices of raw materials PTA and MEG have fallen, reducing polymerization costs, but polyester bottle chips are still incurring losses. -233.58 Yuan/ton.

Figure 3: Trend of Domestic Polyester Bottle Chip Capacity Utilization Rate from 2024 to 2025	Figure 4: Comparison of profit and price of domestic polyester bottle flakes in 2025 (yuan/ton)

Data Source: Longzhong Information	Data source: Longzhong Information

Market sentiment

Table 2 Domestic PET bottle chip industry upstream and downstream participants' sentiment expectations

Viewpoint		Proportion	Month-on-month
Bullish	2	8%	-4%
Bearish	13	52%	12%
Flat	10	40%	-8%

5. Price Prediction

The commodity atmosphere has once again fallen into a downturn, coupled with polyester production cuts, leading to a bearish adjustment in raw material prices and weak cost support. With the restart of maintenance units, supply increases are clear, while terminal demand remains average. The polyester bottle chip market is experiencing a weak and volatile adjustment. It is expected that next week, the spot price of polyester bottle chip water bottle material will operate within the range of 6000-6150.

6. Related Product Information

PTA Market: The spot market price of PTA in East China has declined, with negotiations referencing around 4905. This week and next week, deliveries at the main port were traded and negotiated at a discount of 5 points to the May contract. For mid-to-late April deliveries at the main port, offers were at a premium of 5-15 points to the May contract, while bids were negotiated at a discount of 2 points to a premium of 10 points to the May contract. The overall commodity sentiment was weak, with negative sentiment from polyester production cuts. The spot price center of gravity has slipped, while the spot basis remains roughly stable, and overall negotiations are subdued. (Unit: yuan/ton)

MEG Market ： Today, the ethylene glycol market exhibited a downward trend. The spot price opened around 4,535 in the early session but declined due to polyester production reduction plans. The downward trend continued in the afternoon, with the closing price negotiated in the range of 4,485-4,490. The spot basis remained stable, trading between 05+35 and 05+38. The southern China market saw a decline, with subdued buying interest and sluggish transactions.

7. Data Calendar

Table 3 Domestic Polyester Bottle Chip Data Overview (Unit: 10,000 tons, %)

Data	Release Date	Last Issue Data	This period's trend is expected to
Capacity utilization rate	Weekday 17:00	75.02%	↗
Weekly Production	Thursday 5:00 PM	30.75	↗
Weekly Capacity Utilization Rate	Thursday 5:00 PM	72.37%	↗
Data source: Longzhong Information Note: 1 ", ↓↑ indicates significant fluctuations, highlighting data with changes exceeding 3%." 2 ↗↘ is considered as narrow fluctuations, highlighting data with price changes within 0-3%.

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【PET Daily Review】Down 15-30! Terminal demand remains moderate, PET market adjusts with weak fluctuations.

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