1 Today's summary

①, China Resources prices adjusted slightly, while other factories remained stable. (Unit: Yuan/ton)

② Today's domestic PET bottle chip capacity utilization rate is 72.61% (revised from 72.61% yesterday).

2 Spot Overview

Table 1: Summary of Domestic Polyester Bottles Price (Unit: Yuan per ton)

Based on the East China region, today's spot price for polyester bottle-grade chip is 6065, down 15 from the previous working day, in line with morning expectations.

Crude oilCallback: Although news of maintenance from a major PTA plant has emerged, the upward momentum for raw materials remains weak. Most polyester bottle chip factories are stable, with some local price adjustments. Holders are mainly focused on sales, and it is heard that April cargo transactions are at 6040-6130 or a 2505 contract discount of 30 to a premium of 50, with the basis slightly weakening. There is sporadic replenishment from just-in-time demand, and trading is light.Unit: yuan/ton

Figure 1: 2025 Domestic PET Bottle Chip Price Trend Chart (CNY/ton)	Figure 2 Domestic PET bottle chip price trend chart for each month in 2025 (RMB/ton)
Data source:Longzhong Information	Data Source: Longzhong Information

3. Production Dynamics

Today, the utilization rate of PET bottle chip capacity reached 72.61%. In terms of profits, the price of raw material PTA has risen, the price of MEG has fallen, polymerization costs have increased, and the profit from polyester bottle flakes has incurred losses. -266.01 Yuan/ton.

4. Market Sentiment

Table 2 Domestic Polyester Bottle Chip Upstream and Downstream Participants' Sentiment Expectation (Updated on Monday)

5. Price Forecast

The market is largely awaiting news of possible US tariff increases, leading to relatively stagnant trading. On the supply side, the restart of a major plant's 700,000-ton unit has raised expectations of increased supply. Meanwhile, downstream demand remains limited to just necessary restocking, with low purchasing intent ahead of the holiday. The PET bottle-grade chip market is experiencing weak fluctuations, and tomorrow's spot market for water-grade material is expected to trade within the range of 6,000–6,150.

6. Related product information

  PTA Market: The spot market price of PTA in the East China market has risen, with negotiation references around 4900. This week and next week, the main port delivery and warehouse receipt quotes are around flat to 05, with discounts of 12-25. The bids are around flat to 05, with transactions discussed around 20-26. For mid to late April, the main port delivery is quoted at 05 with a premium of 5-10, and the bids are around flat to 05. Some suppliers plan to carry out maintenance soon, which has slightly boosted market sentiment. In the morning, absolute prices fluctuated upwards, and the spot basis remained roughly stable. Market participants are cautious, and there is limited negotiation in the market. (Unit: Yuan/ton)

   MEG Market ：   Today, the ethylene glycol market failed to continue its upward trend and remained mostly consolidated. In the early session, spot prices in Zhangjiagang opened near 4,545. As caution prevailed toward chasing gains, the negotiation focus slightly declined. The market moved sideways in the afternoon, with spot negotiations closing in the range of 4,540–4,545. The spot basis spread showed little change, fluctuating between May +40 and May +42 during the day. The South China market remained stable, with buying demand limited to rigid needs, leading to stagnant transactions.

Data Calendar

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