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[PET Daily Review] Polyester Bottle Chip Market Weakens Amid Cost Support Decline

Longzhong 2025-08-27 17:10:34

1 Today's summary

①. Factory quotations are partly stable, partly down by 30. Unit: RMB/ton

② The domestic polyester bottle chip capacity utilization rate today is 70.89%.

2 Spot Market Overview

Based on the East China region, today's spot price for polyester bottle-grade chips closed at 5,920, down 30 from the previous working day, in line with this morning's expectations.

International crude oil prices are falling. Coupled with the gradual digestion of favorable news in the polyester sector, cost support is weakening. The quotations from polyester bottle chip factories are partially stable, with some decreasing by 30. Downstream bidding is at a low level, and the market transaction focus is moving downward. The mainstream transaction price for goods from August to October is between 5880-5950, with slightly higher prices at 6010-6030, unit: yuan/ton.

Figure 1: Domestic Polyester Bottle Chip Price Trend Chart 2025 (CNY/ton)	Figure 2 2025 Domestic Polyester Bottle Chip Market Price Trend Chart (Yuan/Ton)

Data Source: Longzhong Information	Data Source: Longzhong Information

3. Production Updates

Today, the operating rate of polyester bottle chip capacity reached 70.89%. In terms of profit, the raw material PTA price dropped by 28 to 4,837, MEG price dropped by 2 to 4,550, polymerization cost rose to 5,659.89, and the polyester bottle chip profit suffered a loss of -359.23 yuan/ton.

Figure 3 Trend of Domestic Polyester Bottle Chip Capacity Utilization Rate in 2024-2025	Figure 4: Comparison of Domestic Polyester Bottle Chip Profits and Prices in 2025 (CNY/ton)

Data source: Longzhong Information	Data Source: Longzhong Information

4. Market Sentiment

Table 2 Sentiment Expectations of Domestic PET Bottle Chip Upstream and Downstream Industry Participants (Updated Weekly on Monday)

Viewpoint	Quantity	Proportion	Month-on-month
Bullish	6	25%	-7%
Bearish	14	39%	+13%
Even-handed	5	36%	- 6 %

5. Price Prediction

Recently, the processing fees for polyester bottle chips have been continuously squeezed and are at a low level. The market may see a surge in covering short positions, and downstream buyers are also engaging in rigid restocking at low prices, collectively supporting the short-term market bottom price. However, the positive news on the cost side has gradually been absorbed, and the cost support is weakening. In the short term, the market will be primarily driven by cost logic, showing a weak consolidation trend. It is expected that tomorrow, the spot price of polyester bottle-grade chips for water bottles in the East China market will be between 5860-5950 yuan/ton, fluctuating weakly within this range. Subsequent focus should be on changes in raw material prices.

6. Related Product Information

PTA Market: Today's PTA spot price -28 to 4837 。 This week and next week, the main port delivery for 01 was traded at a discount of 15-20 yuan/ton. For mid-to-late September, main port delivery for 01 was also traded at a discount of 15-20 yuan/ton. The absolute price declined during the day. With both the futures and spot markets weakening, commodity sentiment remained subdued. Cost support has weakened, spot basis has declined, buying sentiment is cautious, and market transactions are sluggish. (Unit: yuan/ton)

MEG Market ： Today, the ethylene glycol market fluctuated at high levels and consolidated. At the opening, Zhangjiagang spot prices started around 4,552 yuan. In the morning, the market was in a stalemate between bulls and bears, with prices narrowly fluctuating in the 4,550-4,560 yuan range. In the afternoon, affected by a general decline in commodities, prices fell to some extent. By the close, spot prices were negotiated in the 4,540-4,242 yuan range. The spot basis strengthened, operating throughout the day in the 01+55 to 01+62 range. The South China market performed weakly, with downstream buying mainly for just-in-time needs and no significant improvement in transactions.

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[PET Daily Review] Polyester Bottle Chip Market Weakens Amid Cost Support Decline

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