Behind The Dragon Boat Festival, The Price Of PET Bottles Rose Behind.

Source: lung Chung

Crude oil inventories rose to a new high for two years at the beginning of last week, and oil production in the United States remained high.

On the eve of the Dragon Boat Festival, trade risks eased slightly, and the market was optimistic about OPEC, which will continue production to the second half of the year.

Drive domestic commodities to go up as a whole, the PX market is tight and the price is narrow.

PTA is tight because of the accidental overhaul of the device, and the price is rising steadily.

Today, with the strong support of raw materials, the price of PET bottles has gone up slightly, and bottle producers have limited supply, lifting prices, stimulating the enthusiasm of intermediate traders and downstream enterprises to pick up goods.

The market is facing the bounce of this wave of market performance, the performance is mediocre. Insiders say that after the Dragon Boat Festival has just passed, suddenly it has gone up, and there is no sign of a precursor.

According to the price comparison map in the past three years, the price of bottle flakes has been limited at the bottom of the same period, and the downside space is limited.

This rally is driven by PTA, but in the short and medium term, PTA production enterprises will start to rise slightly, and the production and marketing of polyester factories will continue to be limited to good quality. Therefore, the driving force of PTA's continuous rise is slightly insufficient, and the price of PET bottle tablets has a certain downward risk.

Source: lung Chung

By the end of June 10th, the operation rate of PET bottle producers was 91.77%, with a profit of 171 yuan / ton.

At present, the factory profit is still acceptable. According to the survey of dragon public information, the spot stock of Dachang is more than 4-5 tons, and the inventory pressure is general.

Exports: the total export volume in January 2019 -4 was 1 million 117 thousand and 500 tons, an increase of 200 thousand tons compared to the same period, an increase of 21.80%.

The export orders of manufacturers are stable, a slight increase compared with the same period last year.

As far as normal contracts are concerned, the terminal consumption will usher in the peak season with the increasing temperature. Manufacturers are expected to maintain their high and medium term operating rates in order to fulfill their sales contracts.

To sum up, under the current high level of polyester bottle manufacturers, supply is adequate.