[Recycled PET Morning Briefing] Recycled PET Bottle Chip Market Expected to Operate in Rangebound Pattern in the Short Term

1. Focus Points

The United States has stated that if negotiations on the Ukraine issue fail, it will strengthen sanctions against Russia, and the Federal Reserve may cut interest rates in September, leading to a rise in international oil prices.

2. It is the off-season for end-use textiles and garments, and weaving operating rates are not ideal.

Core logic: focus on weather and terminal load changes.

2. Price List

3.Market Outlook

The operating load of terminal weaving has slightly increased, and there is a narrow expectation for the placement of rigid demand orders, which boosts the confidence in the recycled market. Additionally,The increase in used bottle recycling has fallen short of expectations, and cleaning plants are mainly holding back from selling at low prices.New materials and major chemical fibers are relatively weak, and the price gap between new and old materials has narrowed. The actual shipments from recycled fiber factories are limited, and there is a general lack of enthusiasm for raw material stocking and inventory. Under the supply-demand game,The recycled PET bottle flake market is expected to consolidate and operate within a range in the short term.