This week, the polyester bottle chip market showed a trend of first falling and then rising, with relatively small overall fluctuations. According to data from Shengyi Society, on October 24th, the average selling price of PET was 5755 yuan/ton.
Cost factor: At the beginning of the week, the price of polyester bottle chips fell due to the weakness of crude oil. Subsequently, geopolitical risks drove the rebound of oil prices, cost support rebounded, and provided certain support for the price of polyester bottle chips, causing their prices to stop falling and rebound.
Supply and demand relationship: The industry’s capacity utilization rate remained around 72.59% this week. Although mainstream factories continue to implement production reduction plans, there is still ample spot supply in the market. Meanwhile, overcapacity is a long-term pressure faced by the industry, continuously suppressing the rebound space of prices. The stability of the supply side and the abundance of spot goods in the market have to some extent suppressed price increases. In terms of demand, we are currently in the off-season of seasonal demand. The cooling weather has led to a narrow decline in demand for soft drinks and catering. According to data from Shengyi Society, the production of soft drinks from January to August 2025 decreased by 4.8% year-on-year. Downstream end users often adopt the strategy of “on-demand procurement” and lack enthusiasm for large-scale stocking, leading to a shift in the focus of market transactions.
Export situation: Due to the influence of upstream raw materials, the export quotation of polyester bottle chip factories has been raised, and the negotiation range for mainstream bottle chip factories in East China has been extended to $750-770/ton FOB Shanghai Port. However, according to Southwest Futures’ analysis, there is a slowing trend in the growth rate of bottle chip exports.
Market expectation: It is expected that the market will warm up and fluctuate next week. The cost side is expected to strengthen under the support of geographical factors, which will provide cost support for bottle chips. However, due to stable supply and abundant spot goods, as well as seasonal off-season demand, the upward space for bottle chip prices is limited, and it is expected to fluctuate within the range of 5600-5800 yuan/ton.
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