According to the Commodity Market Analysis System of Shengyi Society, the overall price of polyester bottle flakes (PET) showed a weak oscillation trend of first suppressing and then rising. As of April 18th, the average sales price of PET (PET bottle flakes) was 5685 yuan/ton.
In terms of cost, OPEC+production expectations, US sanctions on Iran, and Iraq’s resumption of crude oil exports have led to international oil prices falling below the key support level of $70 per barrel, weakening the cost support of the polyester industry chain. PTA and ethylene glycol are operating weakly, although PTA processing fees have briefly rebounded to a reasonable range of 325 yuan/ton, the expected increase in new production capacity (4.5 million tons added in 2025) and import recovery are suppressing long-term profit margins. In terms of ethylene glycol, port inventory has risen to a high of 584400 tons, and the operating rate of coal to gas plants has remained above 70%. The loose supply and demand pattern is difficult to change, and price rebound is limited.
In terms of supply and demand: The new production capacity of polyester bottle flakes continues to be released, and the operating rate of production enterprises remains at a high level. The supply will continue to increase. The demand side is unlikely to show significant improvement in the short term, and factors such as slowing global economic growth and environmental policy restrictions will still constrain the demand for bottle tablets. The supply-demand imbalance may continue, suppressing prices.
In response to the current market situation, Shengyi Society believes that the future price of polyester bottle chips may remain weak and volatile, and there is a lack of strong rebound momentum in the short term. However, if crude oil prices can continue to stabilize and rebound, or if there is an unexpected improvement in demand, the price of polyester bottle chips may rise to a certain extent.
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