High Temperature And Hot Summer, Polyester Bottle Market Is "Tough".

In recent years, there are continuous hot weather in many provinces in China, and the terminal consumption of soft drinks is at its peak. According to the report of the China Tourism Research Institute, the number of outbound tourists is expected to exceed 1 billion in the 7 and 8 months of this summer. However, the market of PET bottles is in sharp contrast to this. The purchasing power is weak, and demand has not been delayed.

Climate monitoring data from the National Climate Center show that Seven month Twenty-seven At the beginning of the day, most of the central and eastern parts of China are open. " Barbecue mode " , Twenty Hot weather occurred in many provinces, and Shanxi, Chongqing, Hubei and other parts of the northwest have appeared. Forty Temperature The above temperature. In fact, not only in China, but also recently in the United States, northern Europe and India, the hot weather has continued in the northern hemisphere.

chart One Price chart of PET bottles in East China market

The high temperature extreme weather continues to be good for the PET bottle raw material market. But judging from the situation of terminal billet enterprises and soft drinks companies, the fact is not so optimistic. Most of the rigid demand is followed by mining. The market volume is limited every day, and no obvious volume has been seen for a long time. Seven month Twenty-three Tendering of a large terminal beverage company Three The source of 10000 tons of flask is the final price. 7000-7100 element / Ton, Eight Monthly source. The next day, another large terminal beverage company replenishment. Eight There are thousands of tons of goods in the month. 6950-7000 element / The price per ton is closed. Twenty-six A bottle of large factories in East China has traded thousands of tons. Eleven Monthly supply price 6950-7000 element / Near tonnes. It can be seen that the high temperature weather is good for terminal beverage enterprises, which has led to the closing of the PET bottle market, but the price has also dropped to a low point.

Figure 2   PTA Market trend of East China glycol and ethylene glycol

Source: lung Chung

Let's look at the cost side. Seven Beginning of the month PTA Dachang spot sale, limited supply, resulting in PTA The spot market was tight and prices remained high. But then broke out the options explosion incident, in a twinkling. PTA The largest spot in the spot market turns into a futures market. Nine The biggest contract in the month. except Nine The new moon opens. Eleven Month and One The short sale policy on the month also moved to the warehouse. Nine On the month, the way of manipulation changes. Directly led to PTA Futures closed for two consecutive days. The spot market is also shifting from tight supply to inventory. Polyester production and marketing performance has been slant, polyester started from the beginning of the month. 91.10% Down to the present 84.79% 。 PTA Device maintenance news is limited, the signal is still stable. , Twenty-seven Japan and China PTA Processing fee One thousand two hundred and twenty-one point seven eight element / Tons of profit Six hundred and fifteen point one one element / There is still a certain downward trend in market expectations. Cost side weakness, drag bottle price shock downstream.

Dynamic table of start-up device for polyester bottle production enterprises

Recently, the production and repair of polyester bottle bottle factories has been increasing. 72.11% 。 Market rumors, a bottle enterprise in East China Eight The monthly contract volume is not enough to support the current device load, and the probability of continuous decline in operating rate is relatively large.

On the whole, the demand for PET bottle terminal is limited, even if there are large terminal enterprises replenishment, they are mostly killing low market prices. With the weakening of the cost side, the price of bottle flakes is hard to overcome.