Industry News
The overall market for polyester bottle chips is as flat as water due to a significant decrease in raw materials
As of November 21, 2023, the production capacity utilization rate of China's polyester bottle chip industry was 70.88%, an increase of 0.84 percentage points compared to the same period last month. Since November, domestic polyester bottle chip factories have been reducing production, but inventory and order pressure are still acceptable. Therefore, it seems that a consensus has been reached and there has been no situation of low price delivery. The strong willingness of the factory to support prices has boosted the market mentality of polyester bottle chips, and there has been a significant reduction in short selling or short orders on the market.
From the perspective of market performance, starting from November, the actual low end price of polyester bottle chip factories is 6830, while the high-end price is 7150. Calculated based on the closing price of raw material spot on that day, the processing fee ranges from 460 to 600. From the perspective of processing fees alone, the industry's processing fees have indeed been repaired. However, the shipping price of the on-site carrier is lower than the actual order of the factory, which hinders the factory from receiving orders and results in sporadic transactions. Therefore, the repair of processing fees still exists in theory. However, due to the collective price increase by factories, there has been a significant change in the mentality of shipping merchants. The idea of being reluctant to sell at low prices and losing one ton by selling has affected the scarcity of low-priced goods. On the demand side, the performance is unusually calm, rising and not following the trend. Falling, not buying... Factory shipments are not smooth because the price is higher than the market. If the carrier's shipment is not smooth, then there is no purchasing power due to demand. Looking back at the market trading situation in November, except for the replenishment of a large terminal factory at the beginning of the month, all other transactions were sporadic small orders. Polyester bottle chips are available in the market but not in the market, so using a "light" shape is closer. (Unit: yuan/ton)
In the short term, the polyester bottle chip factory may maintain its current status and will not ship at a low price for the time being. Although the supply of goods in the hands of the carrier is limited, it also depends on the replenishment situation of the terminal demand. Recently, with a significant pullback in raw materials, it is not ruled out that downstream large factories are buying on dips. The overall market for polyester bottle chips is as flat as water, waiting for new news on supply and demand.
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