[Recycled PET Morning Briefing] Recycled PET Bottle Chip Market Expected to Stalemate and Consolidate in Short Term
Focus Points
WTI crude oil futures hit a five-month low as the International Energy Agency raised its forecast for the scale of crude oil oversupply.
In the northern region, the weather cools down in autumn, limiting the collection of, and the supply of circulating goods in the market is relatively tight.
Core logic: Focus on weather and terminal load changes.
Price List
|
10 13th of the month |
10 14th of the month |
Rate of increase/decrease |
|
|
ICE Brent crude oil |
63.32 |
62.39 |
-1.47% |
|
PX |
798.17 |
778.00 |
-2.53% |
|
PTA |
4440.00 |
4385.00 |
-1.24% |
|
MEG |
4178.00 |
4150.00 |
-0.67% |
|
Half-light slice |
5595.00 |
5560.00 |
-0.63% |
|
Jiangsu and Zhejiang polyester staple fiber |
6345.00 |
6315.00 |
-0.47% |
|
East China Upper Machine White Piece |
4750.00 |
4750.00 |
0.00% |
|
Playing hollow |
6150.00 |
6100.00 |
-0.81% |
|
Jiangsu 1.4D High Strength Low Elongation Imitation Polyester Fiber |
5650.00 |
5650.00 |
0.00% |
|
Note: |
|||
Three 、 Market Outlook
The aggregate cost performance is suboptimal, with prices of large chemical fibers and virgin polyester chips declining, resulting in a narrowing price gap between new and old materials, which puts pressure on recycled sentiment. Additionally, end factories are cautious in their purchasing, leading to dull production and sales for recycled fiber plants, which mainly focus on cost control, with limited enthusiasm for raw material procurement and stocking. As the weather in the north gradually cools, the recovery of wool bottles is limited. Many packing stations are holding firm on prices, while washing plants find it difficult to profit from procurement and are also reluctant to sell at low prices. Amid the supply-demand game, the short-term recycled PET bottle chip market is expected to remain in a stalemate and undergo consolidation.
Four 、 Data Calendar
|
Data |
Release Date |
Previous Data |
Current Trend Forecast |
|
Polyester Chip Production and Sales Rate |
Weekday 16:00 |
58.06% |
↘ |
|
Recycled bottle flake capacity utilization rate |
Thursday 16:00 |
45.4% |
↗ |
|
Recycled Bottle Flake Factory Inventory |
Thursday 16:00 |
6.6 |
↘ |
|
Synthetic Fiber Weaving Operating Rate |
Thursday 16:00 |
62.19% |
↘ |
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