[PET Morning Briefing] Polyester Bottle Chips Expected to Operate with Cost Support Today
I. Points of Attention
1 、 On September 23, the instability of the Russia-Ukraine situation still exists, and the U.S. sanctions on some oil-producing countries may escalate, leading to an increase in international oil prices.
PTA operating load is 77.46%.
Core logic: Stalemate between supply and demand, driven by costs.
Section 2 Price List Form
3. Market Outlook
Geopolitical instability supports the rebound of international oil prices; however, the overall commodity atmosphere is average. Coupled with the lack of significant supply and demand support and the continuous recovery of processing fees for PET bottle flakes, these factors may weigh on market gains. It is expected that today, PET bottle flakes will operate with a slight increase in costs.
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