According to the price data from SunSirs, the price of polyester bottle flakes (PET) showed a trend of first stabilizing and then slightly rebounding last week. From May 7th to May 9th, with the boost of raw materials, the price of PET bottle flakes rose. As of May 9th, the average sales price of PET (PET bottle flakes) was 5,865 RMB/ton. 

Cost side: The main raw materials for polyester bottle flakes are PTA and ethylene glycol, and their prices are greatly affected by crude oil. From May 1st to May 6th, the decline in crude oil prices dragged down raw material prices, leading to a decrease in quotes from polyester bottle factories and a shift in market focus. From May 7th to May 9th, raw material prices increased, and the cost support for polyester bottle chips strengthened, leading to a corresponding rise in market prices. 

Supply side: In mid to late April, multiple sets of bottle maintenance devices were restarted, resulting in an increase in bottle production and supply. However, the concentrated downstream procurement of bottle chips in the early stage led to a decrease in inventory in bottle chip factories, which to some extent alleviated the supply pressure. 

On the demand side: Recently, the processing fee for bottle slices has been continuously compressed, and the valuation of bottle slices is low. The supply-demand contradiction is not significant, and the price mainly follows the trend of the raw material side. As temperatures rise, the peak season for soft drink consumption is approaching, and downstream beverage factories usually stock up 2-3 months in advance. The demand for polyester bottle chips is expected to increase in the second quarter, which will provide some support for prices. 

In response to the current market situation, SunSirs believes that the PET market for polyester bottle chips still has support in the short term, but downstream follow-up is not as expected. In the short term, PET market prices may fluctuate and adjust, and the PET market will mainly fluctuate with the raw material side. The actual trend still needs to pay attention to the follow-up equipment, demand situation, and cost support under the traction of crude oil.

If you have any enquiries or purchasing needs, please feel free to contact SunSirs with support@sunsirs.com.