[pet daily review] polyester bottle chip prices rise

1 Today's Summary

Some factories have raised their prices by 30-50, while others remain stable. (Unit: yuan/ton)

②. Today's domestic polyester bottle chip capacity utilization rate is 73.37%.

2 Spot Overview

Table 1 Summary of Domestic Polyester Bottle Chip Prices (Unit: Yuan/Ton)

Based on the East China region, the spot price of polyester bottle-grade PET closed at 5670 today, up by 40 compared to the previous working day, basically in line with the morning expectations.

Crude oil drives petrochemical products upward, providing cost support, and the focus of the polyester bottle chip market has risen significantly. Some traders are restocking, while downstream buyers are cautiously chasing the price increase. It is heard that October sources are traded at 5600-5750, mainly low-priced sources; November sources are traded at 5620-5720; December sources are traded at 5610-5700. The futures contract 2512 may have a discount of 30 to a premium of 90, with the basis weakening. (Unit: RMB/ton)

3. Production Update

Today, the capacity utilization rate of polyester bottle chips is 73.37%. In terms of profit, the raw material PTA price rose to 4370, MEG price increased to 4122, polymerization cost increased by 49.38 to 5134.70, and the polyester bottle chip profit experienced a loss of -64.70 yuan/ton.

4. Market Sentiment

Table 2: Domestic Polyester Bottle Chip Industry Participants' Sentiment Expectations (Updated on Monday)

5. Price Prediction

Crude oil and raw materials are on the rise, with industry insiders paying close attention to its sustainability. Terminal demand is poor, and the polyester bottle chip market continues to struggle to rise, possibly fluctuating sideways. It is expected that tomorrow the spot price of polyester bottle chip water bottle material in the East China region will run in the range of 5600-5750 yuan/ton. Attention should be paid to downstream follow-up. 。

6. Related Product Information

PTA Market: The overall sentiment for commodities has improved, with the East China spot PTA rising to 4,370 yuan/ton. The supply and demand maintain a relatively tight pattern, and the balance sheet continues to de-stock. In the traditional peak season, downstream sectors are engaging in phased restocking. After a continuous decline, the market lacks new bearish pressures, and commodity sentiment has somewhat improved. In the short term, the spot PTA market is expected to maintain a weak rebound.

MEG MarketToday, the ethylene glycol market experienced a rebound. At the opening of the morning session, the spot price in Zhangjiagang opened around 4096. During the day, influenced by maintenance of some facilities, prices fluctuated upwards, mostly running in the 4120-4140 range. By the afternoon close, spot prices were negotiated in the 4135-4140 range, and the spot basis strengthened, with negotiations in the morning in the 01+76 to 01+79 range and rising to around 01+85 at the close. In the South China market, downstream buying interest showed limited follow-up, and market trading remained in a stalemate.

7. Data Calendar

Table 3 Overview of Domestic Polyester Bottle Chip Data (Unit: 10,000 tons, %)