Recycled PET Morning Briefing: Short-Term Recycled PET Expected to Show Narrow Range Fluctuations
I. Focus Areas
1. WTI crude oil futures rose in early Asian trading on Wednesday after an overnight decline, as the U.S. military launched a “defensive” strike on Iran.
2. Incremental increase in recycled bottle flakes, with price expectations remaining weak.
Core logic: Focus on weather and changes in end-user load.
II. Price Form
|
6 Month 8 Day |
6 the 9th of the month |
Rate of increase or decrease |
|
|
ICE Brent crude oil |
94.25 |
91.45 |
-2.97% |
|
PX |
1166.33 |
1146.33 |
-1.71% |
|
PTA |
6560.00 |
6535.00 |
-0.38% |
|
MEG |
4685.00 |
4622.00 |
-1.34% |
|
Semi-thin section |
7360.00 |
7365.00 |
0.07% |
|
Jiangsu and Zhejiang Polyester Staple Fiber |
7910.00 |
7840.00 |
-0.88% |
|
East China machine-made blank wafer |
4700.00 |
4700.00 |
0.00% |
|
Recycled hollow |
6200.00 |
6200.00 |
0.00% |
|
Jiangsu 1.4D high-strength low-elongation imitation polyester staple fiber |
5950.00 |
5950.00 |
0.00% |
|
Note:
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|||
“” Market Outlook
The volatility in polyester raw materials has weighed on the sentiment in the recycled market. In addition, downstream demand remains relatively cautious.With insufficient support from essential orders and sluggish production and sales of recycled chemical fibers, buyers remain inclined to push down raw material purchase prices amid cost-control efforts. Recycled PET is expected to fluctuate within a narrow range in the short term.
IV. Data Calendar
|
data |
Publication Date |
Last period data |
Expected trend for this period |
|
Polyester chip production-sales ratio |
Weekdays at 16:00 |
34.08% |
↑ |
|
Recycled Bottle Chip Production Capacity Utilization Rate |
Thursday 16:00 |
43.2% |
↓ |
|
Recycled Bottle Flake Factory Inventory |
Thursday 16:00 |
7.31 |
↓ |
|
Chemical fiber weaving operating rate |
Thursday 16:00 |
51.08% |
↓ |
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