[PET Morning Alert] Polyester Bottle Flake Market Expected to Remain Weakly Sideways Today

I. Points of Attention

1 、The bearish sentiment from OPEC+ production increases continues, and combined with the fact that the U.S. sanctions plan has not yet caused significant concerns, international oil prices have fallen for six consecutive sessions.

The PTA operating load is 75.93%.

Core logic: supply and demand stalemate, cost-driven

2. Price List Form

3. Market Outlook

International crude oil prices have continued to decline, leading to reduced cost support. Supply remains stable, and on the demand side, buyers are making near-term, essential replenishments at lower prices. However, considering that the circulation of some sources is relatively tight at present, this limits the decline in the bottle-grade PET chip market. It is expected that the polyester bottle chip market will mainly show a weak consolidation today.

4. Data Calendar

Source of data: Longzhong Information