Polyester Bottle Flakes Running In May Trend Cool Again?

During this period (0510-0516) polyester bottle price fell.

Raw material terminal PTA spot price has dropped sharply, the PET bottle market mentality is weak, the quoted price of the enterprise is mostly reduced, individual enterprises are shipping at a low price, the middleman's low price goods supply is increasing, the mainstream of the market is falling down, and the possibility of subsequent bottle flakes or falling down.

Raw materials will continue to weaken.

Affected by the Sino US trade war, the entire chemical fiber industry has suffered a heavy setback. From the cost side, the PX price is under pressure for a long time due to the expected impact of the new plant's commissioning. From the supply side, the overall supply pattern of PTA is adequate, and the inventory structure is weaker.

In addition, in May, shipping reports showed that imports remained high, and inventory remission was very limited.

Therefore, from the fundamentals and cost side, the raw material end has different levels of bad value, and the raw material side is expected to continue to weaken.

Supply side starts normal

So far, polyester bottle industry has been stable, most factories are in normal working condition.

The details are as follows.

Downstream demand temporarily weakened

After April, the market demand of bottle flakes began to appear more obvious cooling down. The new orders in the market declined, and the short-term demand would be difficult to change.

However, by the end of 5, the temperature will gradually increase, and the consumption of soft drinks will gradually increase, just need or increase.

As of Thursday, East China polyester bottle flask material center of gravity 7400-7600 yuan / ton.

This week's average price dropped by 345 yuan / ton compared with last week's (0505-0509) price, or 4.29%.

Therefore, the current polyester bottle Market upstream of the two pairs of cost side support is limited, the industry pessimism, its trend is afraid to continue to fall, coupled with poor demand, the industry mentality is empty.

On the whole, it is expected that short term PET bottle market or overall weakness will result in limited profit margins. Short sellers should take a rational view of the market.

The reference interval is 7300-7600 yuan / ton.