At The End Of The Cost Buff Plus, PET Bottles Will Usher In A Good Opportunity?

Since April, the price of PET bottle film industry has continued to decline. During this period, the profit of the industry has been continuously compressed, and the mentality of buying up or buying down has largely inhibited the downstream demand. After entering the late June, PET bottle enterprises can receive orders, factory mentality is steady, and enter the demand season, with cost support, it has the possibility of rising.

The cost side supports well.

Recently, oil prices rose sharply amid the easing of trade between China and the United States. Superimposed on the further decline of polyester factory inventory and the maintenance of several sets of PTA devices, PTA prices began to strengthen, and the main 1909 contract rebounded to 5500 yuan / ton from below 5100 yuan / ton, and the 40 day moving average began to challenge after the 20 day moving average.

In the macro environment, the rebound power of PTA has increased slightly, so the rebound may continue. In terms of ethylene glycol, the market situation rose slightly, the probability of lowering the stock of main port was larger, and the production and sale of polyester were good in recent years, and the pressure of finished product inventory was relieved. So in general, the cost side is well supported at this stage.

Factory quotations went up.

As of June 18th, the operation rate of PET bottle factory was 82.96%, which was lower than that of 10. At present, the spot inventory pressure is general, the customer takes up the quantity to be normal, and the corresponding factory has the price rise demand, like Zhejiang wankai device starts 7% or so, the water bottle level price rises 150 yuan / ton, the spot quoted price 7400 yuan / ton; the Huarun chemical industry price rises 200 yuan / ton, the quoted price 7600 yuan / ton.

Demand side mentality stabilizes

In June, the reason why polyester bottles were not very static was the general demand for downstream. Under the caution of downstream procurement, the market of bottle flakes was difficult to make a big difference. By the end of June, with the increase of the core price of PET bottle enterprises, the demand of downstream factories increased, and the mentality of entrepreneurs was acceptable. As of 18 days, the East China market bottle material at 7000-7150 yuan / ton, Southern China market water bottle material in 7100-7200 yuan / ton.

To sum up, at present, the low price supply of polyester PET market has been greatly reduced, and the upstream dual cost supports the cost side well, and the shipments of downstream terminal factories have increased. It is expected that the short term PET bottle market will continue to be strong.