[Recycled PET Morning Briefing] Recycled PET Flakes Expected to Trade in a Narrow Range Today

1. Focus points

The market is focused on the latest developments regarding OPEC+ production increase, and as geopolitical tensions have not escalated further, international oil prices have declined.

2. The off-season for terminal textiles and apparel has led to relatively weak operations in weaving capacity utilization.

Core logic: focus on weather and terminal load changes.

2. Price List

3. Market Outlook

The prices of major chemical fibers and new materials are relatively weak, and the price gap between new and old materials continues to narrow, putting pressure on the recycled market. Additionally,Terminal demand is insufficient. The sales of recycled fiber factories are generally average, with a primary focus on cost control, and raw material procurement is pressured to lower prices when possible. However, the increase in recycled bottle collection is below expectations, which may limit the extent of price reductions. With limited profit margins for cleaning plants, many are reluctant to sell at low prices. Amidst the supply and demand game, it is expected that today the market for recycled PET bottle flakes will fluctuate within a narrow range.

4. Data Calendar