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Short Term Temporary Upwind Of Polyester Bottle Flakes Short

2019/9/12 14:20:00 8

PET Bottle Flakes

In September, the PET bottle market entered a low consumption season, showing a continuous downturn. Originally wanted to rely on cost side, before the Mid Autumn Festival to maintain a stable situation. However, the performance of PTA has failed to meet expectations. Under the stimulation of the increase in processing fees, the PTA industry started up to 90.16%, the supply increased further, and the PTA mainstream manufacturers shipped a lot in the spot market. On the demand side, polyester production and marketing remain light.



Source: lung Chung


After entering September, the market price of polyester bottle in East China once appeared the lowest in 2019, and the bottom to 6775 yuan / ton. Last week, a terminal grain and oil company was invited to tender. The price was close to 6700 yuan / ton. The operating rate of the bottle processing enterprises decreased slightly, resulting in a relative reduction in demand for bottles. The mainstream terminal beverage factory has basically locked the supply of goods this year, with a limited number of stores. The reduction of terminal demand of bottle flask has blocked the rise of the bottle market.

Cost side: Hengli Petrochemical 1 line 2 million 200 thousand ton PTA plant is scheduled to be overhauled in mid September, which will bring a short boost to the polyester market. At the same time, the operating rate of polyester is maintained at 90.05%, the demand for terminal is stable, the supply is reduced, and the price of PTA market has increased. However, in the past two days, Fuhai installed plant load increased, superimposed Yizheng chemical fiber device restarted, PTA inventory began to accumulate slightly, PTA spot turned weak, period price restores first week's rise; ethylene glycol, this week expected to arrive in Hong Kong volume 97 thousand tons, ring than last week to reduce 65 thousand tons. In addition, the East China main port inventory decreased by 44 thousand and 800 tons, the market price of ethylene glycol this week rose by 186 yuan / ton last week. The cost of raw materials increased and the cost of bottle production increased gradually. But due to the lack of demand, the price of bottle flakes is far below the cost side. As a result, the profit margins of bottle making enterprises have been compressed again and again, and profits are now near the capital preservation line.

Supply side, bottle production enterprises operating rate stabilized at 82.11%, and recently Guangzhou Pan Asian plan to restart, so the short-term operating rate still has room for improvement. Zhejiang wankai needs to cooperate with Haining Hengyi power and will stop for 10 days in September 20th. The 600 thousand tons of Chenggao line 1 is scheduled to resume at the end of September. It is expected that the operating rate will fall below 73% in late September. Although there are not many new orders for vase producers, the overall operating rate of flakes is expected to stabilize around 80% in October in order to fulfill the contracts normally sold. Due to tight supply from stock, Huarun has not loosened its bottle price. At present, orders are mainly based on November orders. Several other mainstream production enterprises are in normal supply from stock.

Today, with the rapid collapse of the cost side, the bottle of polyester bottle can not escape the fate of falling. Although bottle makers are very price conscious, the price is stable, but the actual shipping space is increasing. Intermediate traders also have profits, resulting in a rapid decline in bottle price. While the downstream groups have been watching over the decline, they only need a small quantity of goods to pick up the goods. The bottle market is in an empty atmosphere. If there are no other positive factors, the short-term bottle market will remain a shock pattern. It is recommended to pay attention to the implementation of PTA unit maintenance and the shipping trend of mainstream manufacturers.

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