Towards the end of the year, oil prices fluctuated upwards, and related products, polyester chips, rose with the support of cost. Coupled with the tight supply of wool in winter, recycled bottle chips followed the rise in a narrow range. However, as the year-end approached, the market fell into a stalemate.
Review of international crude oil market price trends
1. Current status of recycled PET bottle flakes market
International oil prices fluctuated upwards at the beginning of 2022. At the same time, PTA and ethylene glycol, the polymer raw materials, have risen one after another. Under the pressure on the cost of new polyester chips, the quotations have risen. Recycled bottle flakes have been boosted by this, and the purchase prices of recycled chemical fiber plants have Narrow range upward. However, the supply of wool is tight in winter, and the demand for high-end supplies increases. Packing stations stock up on goods and are reluctant to sell them. It is not easy for cleaning plants to purchase and operate at a low profit. As of the close of trading on January 11, 2022, the price of cold water blue and white tablets in Jiangsu and Zhejiang areas is 4300-4500 yuan/ton depending on the quality. The price depends on the quality. In the East China market, the price of imitation Dahua machine-made white tablets is around 4,600-4,800 yuan/ton, the price of cold-water blue and white tablets in Shandong is around 4,300-4,500 yuan/ton, and the price of cold-water blue and white tablets in Guangdong is around 4,500-4,700 yuan/ton. All prices are excluding tax.
2. Survey pictures of recycling market mentality
Survey on the mentality of people in the recycled PET industry
A stable view: As the Spring Festival holiday approaches, most terminals have completed basic stocking, and demand-side support is insufficient. Moreover, most recycled chemical fiber factories plan to start the holiday around the 15th, and the demand for recycled bottle flakes is slightly limited. In terms of cleaning plants, due to insufficient supply of wool and shrinking cash flow, there is little intention to ship goods at low prices. Multi-dimensional and stable operation.
Bullish view: Crude oil still has support, new materials are running warmer, which will give a certain boost to recycled bottle flakes, and the supply of bottle flakes is in short supply. Some recycled chemical fiber factories have plans to reserve raw materials before the holiday, and there is still some room for price upside.
Bearish view: Under the background of off-season demand for domestic and foreign trade, coupled with the increase in freight rates and the increase in terminal shortages and early Spring Festival holidays, the market has no obvious positive market stimulus, new orders for recycled chemical fiber are limited, and the intention to purchase raw materials is not strong. Buy the dip. Market prices are expected to weaken.
On the whole, the demand side is still the key factor affecting the market trend of recycled PET bottle flakes, while the supply side of raw bottles is in the off-season, and packaging stations have little intention to ship bottle tiles at low prices. Due to cost pressure, many cleaning plants are reluctant to sell at low prices. . It is currently in the final stage of terminal stocking at the end of the year. End users have basically completed stocking. The market inquiry atmosphere has gradually become deserted. The production and sales of recycled chemical fiber plants are average, and the intention to stock raw materials is not good. Therefore, the game between cost and supply and demand will continue. With the Spring Festival holiday As the market approaches, the editor predicts that the recycled PET bottle flake market may consolidate before the holiday.
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