According to the price data from Shengyi Society, the polyester bottle chip market has been running weakly this week. As of September 5th, the average sales price of PET is 5897 yuan/ton. Decreased by 1.15% compared to the beginning of the week.
On the cost side: Crude oil prices have fallen this week, and the overall cost of polyester is weak and fluctuating. The collapse of cost support, coupled with downstream demand to maintain essential needs and replenish at low prices, has resulted in no substantial positive news on the supply and demand side, leading to an expansion of the decline in the PET market. The current situation presents a dual weak pattern of cost and demand, and the cost side has not provided strong support for the price of polyester bottle chips, which cannot drive price increases.
Supply side: Mainstream factories continue to reduce production, which provides some support for prices, but the buffering effect of supply regulation is limited, making it difficult to change the overall weak trend.
Demand side: Downstream demand is weak, with rigid procurement being the main focus. After the deep drop in prices on Thursday, some companies bought back their positions on dips, which slightly boosted trading and the overall market lacked the drive to increase volume.
Looking ahead to next week, the cost side is under pressure due to the expected poor quality of the “golden nine and silver ten” products, and the PET market price may fluctuate narrowly with the cost side in the short term. Terminals are often used and purchased on demand, and the market lacks the drive to increase volume. The actual trend still needs to pay attention to changes in external news, device changes, and demand recovery in the future. The price of bottle slices is expected to fluctuate weakly within the range of 5800-5950 yuan/ton.
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