Weakness In Terminal Demand Dragged Polyester Bottles After National Day

Before the national day, more than PTA sets of devices announced the post holiday maintenance plan, and the PTA main contract shock was strong on that day. A 2 million 200 thousand ton PTA plant in a large factory was shut down on the night of October 7th. The first PTA day after the holidays was a narrow upward row. During the holiday season, the market of fragmentary tablets was sporadic. Some factory stocks had some storages after the holidays. Although there is some support for the cost side, it is expected that the market will shake up and run if the demand is weak.

Cost side: crude oil in the holiday season showed a downward trend overall, PX first fell and then rose. But the decline in crude oil will inhibit PX growth. Last night, a 2 million 200 thousand PTA plant in a big factory stopped and overhauled. In the short term, the cost side has a certain boost to the bottle film market.

Supply and demand side: the factory inventory level of the bottle section after the festival is different from that before the festival. Under the influence of increasing stock pressure, the later bottle makers will reduce the quoted price and the shipment. In addition, the terminal demand of bottles and chips is generally heavy before the industry. The market situation of bottles and tablets continued to be weak this morning.

Overall, at present, bottle market is supported by cost end, price or stalemate. But at the same time, the pressure of the bottle plate factory is increasing, and the bottle end market is running weak. Due to concerns about the cost of flask, the downlink space is limited.