Market Summary And Trend Forecast Of Polyester Bottle In 2019

In 2019, China's pet bottle market was down, and the bottle price in the second half of the year was refreshed in the past three years. According to long Zhong statistics, in 2019, the average price of bottle bottles of polyester bottles in East China market was 7400.44 yuan / ton, down 21.26% from last year. The average profit during the year was 129.81 yuan / ton, down 77.29% from last year. The new capacity increased by 350 thousand tons during the year, an increase of 3.42% and output of 8 million 702 thousand and 700 tons, an increase of 6.72% over last year.

Market review: shock decline

Figure 12019 price chart of PET bottle flakes

                                             

In 2019, the price of PET bottles in the East China market dropped from high. The highest price in the domestic market in 2019 appeared in the first ten days of April, 8700 yuan / ton, the lowest point appeared in the middle of November 6300 yuan / ton, the fluctuation interval 2400 yuan / ton; the foreign trade market average price 958 dollar / ton FOB Northeast Asia, compared with last year's year-on-year fell 22%. Overall, China's pet bottle Market in 2019 was mainly downgrading.

Supply analysis: first half high, declining in the second half

Fig. 22018-2019 comparison chart of startup rate of polyester bottle

According to long Zhong statistics, the new capacity of polyester bottle in 2019 was only 350 thousand tons of Dalian Yi Sheng set. The line was put into trial run in November 7th, and excellent products near the end of November actually supplied less market. By the end of 2019, the total capacity of the bottle making industry was 10 million 540 thousand tons, and the overall operating rate was 77.83%, down 2.79% from last year. The output is near 8 million 702 thousand and 700 tons, an increase of 6.72% over last year.

Domestic demand: soft drinks output increased slightly

Figure 32018-2019 comparison of domestic soft drinks enterprises started

According to the National Bureau of statistics, as of November, the output of soft drinks in China totaled 154 million 490 thousand tons in 2019, an increase of 507 thousand tons over the same period last year, an increase of 0.33%. The demand for other types of packaging and other products increased rapidly, and the demand for oils and fats increased slowly compared with last year.

Exports: high growth in the first half of the year, down significantly in the second half of the year

Fig. 42018-2019 comparison chart of export volume of PET bottle

According to customs statistics, the export volume of China's pet bottle tablets showed a steady growth trend based on the 39076110 tariff code. In 2019, the export volume of 1-11 months was 2 million 723 thousand tons, an increase of 9.82% over last year. The export volume of PET bottles in March was as high as 351 thousand and 600 tons, an increase of 20.05% over the same period last year, an increase of 42.99%, a record high. As illustrated above, exports of bottle flakes increased by 292 thousand and 800 tons in the first half of 2019, compared with the same period last year, while exports declined significantly in the second half of the year.

Outlook for the future

In the short term, the factors affecting the international situation are more unstable. The price of raw materials PTA and MEG goes up, and the market for bottles and tablets is slightly boosted. Under the pressure of cost, the probability of low price shipment is low. Near the Spring Festival holidays, downstream factories are on vacation, and logistics is not smooth. Mass production is relatively light compared with the previous years. Some of the bottle factory or downloading. Overall, the short term bottle market is expected to operate in a narrow way.

2020, the domestic PET bottle price or showing a downward trend of shock, mainly due to the weak demand for the downstream, and the cost side support strength is weak, each bottle production enterprise on the basis of cost and profit can operate space is limited, generally speaking, in 2020, the market of polyester bottle is not optimistic, the average annual market price is not as good as 2019.