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    Bottle Grade PET Stocks Lower Prices Stronger, But Difficult To Copy Last Year'S "Surge" Market.

    2019/3/28 20:58:00 3790

    Bottle Grade PET Price Quotation

    In the middle of March, the market of polyester raw materials PTA and ethylene glycol continued to weaken. The cost of the raw materials manufacturers decreased gradually. But this week, because of the tight delivery of bottles, the manufacturers of bottle flakes began to take orders for 4-5 months, and more orders for foreign trade orders were issued recently.

    Can the trend of this year's market be replicated last year?


    The cost end is general.


    Recently, the raw material PTA market began to rebound slightly, and the cost of bottle grade PET support increased.


    Although the upstream PX's new production facility has continued to ferment, the market trend has not changed. The upstream cost support of PTA is weak. However, with the increase of temporary parking in Hengli, Hon bang and Yanda, the market supply is tightening, and the demand for polyester in the lower reaches is better, the supply and demand pattern is good, and the market is further rebounded.


    In terms of ethylene glycol, inventory remained high, and no volume was recorded. Downstream demand was good, with limited space to fall.

    So from the cost side, though the performance is general, the support for bottle grade PET is relatively stable.


    Low inventory, production and sales increase


    In recent years, there is not much stock in the bottle grade PET, and the manufacturer's mentality is strong. From time to time, enterprises have quoted prices up, 8400-8600 in East China, 8450-8600 in Southern China reference, 8400-8500 in North China, and 8150-8250 in individual forwards.


    In the low inventory level, PET production and sales also began to volume, spot resources tend to be tight.

    As intermediaries and downstream began to concentrate a large number of replenishment, bottles and tablets manufacturers improved, and the recent increase in foreign orders, so the bottle manufacturers spot orders have been completed, mainstream manufacturers began to receive orders for 4-5 months, the current bottle manufacturers to maintain order delivery.


    Can you copy last year's market?


    In April last year, the price of PET bottle industry surged rapidly, while the polyester raw material prices were limited.

    After mid April, the price of PET bottles rose rapidly, while the industry profits increased to 2000 yuan / ton. According to the average price of raw materials and the average price of PET bottles, the profit of the industry was close to 2500 yuan / ton at the peak.

    Can we copy the market of last year?


    I think it is more difficult: first of all, although the recent production and marketing is good, inventory is low.

    But after a large amount of stock, it will face greater sales pressure in April, and spot resources will become more relaxed. For the downstream, there is already enough stock of raw materials in the lower reaches, and the downstream factories are already stocked with raw materials inventory for the 2 quarter.


    Secondly, the upstream cost is intertwined with profits and profits, and there is no special great advantage. The market will maintain a volatile market and the cost will be limited to the market.


    So to sum up: at present, the PTA market in the domestic PET market is running warmer, ethylene glycol stalemate is organized, the cost surface support is solid, and the spot supply is tight, so that the mentality of the operators is stable.

    It is expected that the bottle grade PET market will be strong or strong in the near future.

    (source: change treasure net, today plastic price)

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