[Recycled PET Morning Update] Recycled PET Bottle Flake Market Expected to Trade Within a Range Today

1. Focus Points

1. The market is focused on the outcome of the meeting between the US and Ukrainian leaders, with concerns that geopolitical uncertainties remain, leading to a rise in international oil prices.

2. It is currently the off-season for terminal textile and apparel products, but supported by tariffs, weaving operating rates have slightly increased.

Core logic: focus on weather and terminal load changes.

2. Price List Form

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International crude oilThe rise provides support, and the expectation for a slight rebound in large chemical fibers and polyester chips, along with the increased price difference between new and old materials, boosts the recycled market. As the summer vacation is about to end, the expectation for bottle recovery is limited, making it difficult for packaging stations and cleaning plants to procure, leading to a mindset of holding prices firm. However, recycled fiber factories are experiencing sluggish sales, with finished goods accumulating in inventory, and raw material procurement is cautious and mainly opportunistic at low prices. It is expected that the recycled PET bottle chip market will operate within a range today.