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The Price Of Polyester Bottles Rose Narrowly In 2019.

2020/1/7 11:08:00 0

PET Bottle Price In 2019

One Market price analysis of polyester bottles in China

Market trend chart of PET bottles in East China / Southern China in 2019

2. market overview of PET bottles this month

In the past 2019, polyester bottle flakes ended with a narrow upward trend. The fundamental reason is the strong pull up of raw materials and the promotion of the core of the bottle film market.

At the beginning of the month, there was a lack of positive factors, and the PTA and MEG futures markets were oscillating. Production costs of PET bottles continue to suffer, but downstream demand is weak, bottle prices are rising and falling. In the middle of the year, US China trade reached the first stage agreement to boost the confidence of the polyester market. Superimposed weather causes, MEG terminal closure and cargo pollution led to low inventory, plus 01 contract delivery is coming soon, multi fund speculation, ethylene glycol prices rose. The cost pressure of PET bottle is highlighted, of which ethylene glycol closed up more than 400 yuan / ton on the day, which aggravated the loss of PET bottles. The bottleneck of PET bottle is not as much as that of the cost side. The cost of the cash flow theory of the bottle chip has lost more than 300 yuan per ton. There are few high-end enquiries in the market. In late days, the raw materials were good to support the collapse, and the market returned to reason. Although the bottle makers were reporting stability under the mentality of keeping the price, the pessimism of the industry was strong, and the focus of the bottle film market declined slightly. At present, the pressure of mainstream manufacturers needs to be alleviated, while shipments are slow and the number of new orders is limited. The raw material PTA is currently near the processing cost of 430 yuan / ton. Long Zhong expects that before the Spring Festival, the polyester bottle will be stable and weak. Cost side PTA plant maintenance and supply, downstream terminal Dachang specific monthly stocking progress.

3. domestic polyester bottle Market Outlook

As of December 31st, long Zhong information carried out research on 20 domestic PET bottle related enterprises.

Look at many points: Short term raw material side strong shocks, plus bottle production cost loss, the industry started to maintain at a low level, manufacturers low price shipments may be small. Near the Spring Festival holidays, the terminal has a moderate demand for replenishment, so about 44% of the enterprises in the industry believe that the bottle market is stable or warm.

Empty perspective: Demand from downstream industries is weak, even if terminal soft drinks factory tenders are invited, it will also be the source of supply next year. At present, some bottle makers' inventory needs to be alleviated, new orders are not enough and shipping is slow. The mood of the stacking field is pessimistic. PTA processing fee still has a certain drop in space, so about 31% of enterprises are pessimistic about the future market.

Neutral view: PX prices continue upward, it will have certain support for PTA, although the demand for terminal weaving decreases, but does not exclude PTA leading enterprises have strong market initiatives. Under the strong influence of the cost side, the demand for the downstream is sluggish, the bottle piece is rising, the price of the bottle piece is in a dilemma, or a slight concussion is running.
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