[Recycled PET Morning Briefing] Recycled PET Bottle Chip Market Expected to Weaken in Short-Term Adjustment
I. Focus Points
1. Market concerns over OPEC+ increasing production leading to a supply surplus have overshadowed the impact of geopolitical instability, resulting in a decline in international oil prices.
"The peak season for textiles, known as 'Golden September and Silver October,' is approaching, but the actual order support is limited, leading to a decline in weaving operating rates."
Core logic: Focus on weather and terminal load changes.
II. Price List
|
9 19th of the month |
9 22nd of the month |
Rate of increase or decrease |
|
|
ICE Brent crude oil |
66.68 |
66.57 |
-0.16% |
|
PX |
815.67 |
808.33 |
-0.90% |
|
PTA |
4555.00 |
4515.00 |
-0.88% |
|
MEG |
4352.00 |
4342.00 |
-0.23% |
|
Semi-transparent slice |
5730.00 |
5710.00 |
-0.35% |
|
Jiangsu and Zhejiang polyester staple fiber |
6425.00 |
6420.00 |
-0.08% |
|
Eastern China Upper Machine White Sheet |
4750.00 |
4750.00 |
0.00% |
|
Playing Hollow |
6150.00 |
6150.00 |
0.00% |
|
1.4D High Strength Low Elongation Imitation Large Polyester from Jiangsu |
5675.00 |
5675.00 |
0.00% |
|
Note: |
|||
Three 、 Market Outlook
The support for polyester raw materials is insufficient, and the expectations for both virgin fibers and new materials are weak. There is a possibility of continued narrowing between new and recycled materials, putting pressure on the sentiment of the recycling market. The support from end-user demand is quite limited, and the production and sales of recycled fiber factories are under pressure. With a cost-control mindset, there is a strong inclination to press down on raw material procurement prices. However, as the weather cools in autumn, the collection of used bottles gradually decreases, making it difficult for packaging stations and cleaning factories to procure materials, leading them to hold firm on prices and be reluctant to sell. Amid the supply-demand game, the short-term outlook for the recycled PET bottle chip market is expected to be weak and undergo consolidation.
Four. Data Calendar
|
Data |
Release Date |
Last period data |
Forecast for this period's trend |
|
Polyester chip production and sales rate |
Weekday 16:00 |
55.31% |
↘ |
|
Recycled bottle chip capacity utilization rate |
Thursday 16:00 |
45.4% |
↗ |
|
Recycled Bottle Chip Factory Inventory |
Thursday 16:00 |
6.6 |
↘ |
|
Chemical fiber weaving operating rate |
Thursday 16:00 |
62.19% |
↘ |
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