[PET Weekly Outlook] Market Expected to Weaken with Cost Side Today
I. Points of Attention
1 、8/15: The market is awaiting the outcome of the meeting between the leaders of the US and Russia, with hopes for further easing of geopolitical tensions, leading to a decline in international oil prices.
PTA operating rate is 78.77%.
Core logic: supply-demand stalemate, cost-driven
2. Price List
3. Data Forms
4. Market Outlook
Polyester bottle chip supply remains stable, with demand-side purchases mainly being rigid replenishment when prices are low. The downstream peak season performance is subpar, leading to cautious purchasing. The market is expected to operate weakly today along with the cost side.
5. Data Calendar
Data |
Release Date |
Previous Data |
This period trend is expected |
Polyester bottle flake capacity utilization rate |
Weekday 16:30 |
70.89 % |
→ |
Data source: Longzhong Information
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