SunSirs: Insufficient Cost Support, China PET Bottle Chip Prices Fluctuated at a Low Level Last Week

Last week (September 8th to September 12th, 2025), the overall price of PET bottle chips showed a weak downward trend. As the mainstream market, the average price of PET bottle flakes in East China was 5,885 RMB/ton on September 12th, a decrease of 10 RMB/ton from the beginning of the week. The quotation range for goods from September to November is between 5,800-5,980 RMB/ton, and the delivery range is between 5,790-5,830 RMB/ton, with relatively few market inquiries.

Insufficient cost support: This was the main pressure on last week's weak prices. The international crude oil market fell due to concerns about OPEC+ launching new production plans. At the same time, although the operating load of PTA, the main raw material, is not high (69.11%), the spot market is sufficient, and its market is weak and volatile, making it difficult to effectively support the cost of bottle chips.

The supply side has contracted slightly, but inventory pressure still exists: mainstream manufacturers such as Sanfangxiang, China Resources, Yisheng, and Wankai have maintained their production reduction strategies, and the weekly operating rate of the industry has remained at 70.9%. However, with sufficient spot supply in the market and a relatively high inventory availability of 16.97 days in the PET bottle chip factory, high inventory continues to suppress the room for price rebound.

Weak demand side: Downstream terminals (such as the soft drink packaging industry) are mainly focused on rigid procurement, and the sustainability of centralized replenishment is limited, resulting in a lack of market momentum for increasing volume. End users often adopt a strategy of on-demand procurement, resulting in fewer market inquiries.

SunSirs believes that in the short term, under the pattern of "weak cost and demand", the market mentality is generally cautious and the trading atmosphere is average. The price of PET spot market is expected to fluctuate weakly within the range of 5,800-5,950 RMB/ton in the short term, mainly due to narrow fluctuations on the cost side. The actual trend still needs to pay attention to changes in external news, equipment changes, and demand recovery.

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