this week's focus

This week, the recycled PET market operated on the weaker side.

The polyester chip market was narrowly and slightly warm this week.

2. This week's market analysis

In this period (20250314-20250320), the recycled PET bottle chip market operated weakly. Due to the terminal demand recovery falling short of expectations, recycled fiber factories faced pressure on production and sales, with finished product prices reduced, and under the mindset of cost control, raw material procurement prices also decreased by 50-100 yuan/ton. On the cleaning plant side, due to poor future demand expectations, the purchase price of bottle bricks also decreased by 50-100 yuan/ton, with finished products mainly sold as they were produced. Under the weak supply and demand, the market price of recycled PET bottle chips fluctuated downward. At the close, the price of imitation high-grade machine white chips in the East China recycled PET market was 5050 yuan/ton, a decrease of 50 yuan/ton from the previous period; the price of Guangdong three-dimensional grade cold water blue and white chips was 4700 yuan/ton, a decrease of 100 yuan/ton from the previous period; the price of Linyi three-dimensional machine pure white chips was 4950 yuan/ton, a decrease of 50 yuan/ton from the previous period.

3. Market Impact Factors Analysis

This week, the domestic PET operation rate was 39.8%, remaining unchanged from last week.

Downstream demand: Regenerated ordinary fiber production 54.83%, down 0.68% month-over-month. Regenerated hollow fiber production 59.31%, up 0.62% month-over-month. The comprehensive machine operation rate for chemical fiber weaving in the Jiangsu and Zhejiang regions is 62.64%, up 2.65% month-over-month.

In summary, the terminal demand recovery is below expectations, and the production and sales of regenerated chemical fiber factories are sluggish. The selling price of finished products is declining, and under the cost control mentality, the pressure on raw material procurement prices remains unchanged. In addition, the low price difference between new and old materials also puts pressure on the market sentiment of the recycled PET bottle chip market. However, due to the limited recycling of raw bottles, and with an increase in the number of baling stations, the price of raw bottles remains firm. As for the cleaning plants, squeezed from both sides, the procurement of raw materials is also mostly controlled and reduced. With no positive outlook on supply and demand, it is expected that the recycled PET bottle chip market will operate with a weak fluctuation next week. The price of white chips for large-scale imitation in East China is at 4800-5000 yuan/ton; the price of cold water blue and white chips for three-dimensional grade in Guangdong is at 4500-4600 yuan/ton; the price of pure white chips for three-dimensional use in Linyi is at 4800-5000 yuan/ton; the price of cold water blue and white chips in Linyi is at 4500-4600 yuan/ton.