In October 2019, the export volume of polyester bottle flakes with tariff number 39076110 was approximately 200,000 tons, a month-on-month decrease of 6,200 tons, a decrease of 0.31%; a decrease of 0.1,000 tons, a decrease of 0.51% compared with the same period last year. Overseas traders and users have a strong bearish sentiment, with few new export orders and mostly small orders. Due to the impact from the raw material side, coupled with sluggish downstream demand, the average monthly export price of polyester bottle flakes in October was US$905.92/ton, a decrease of US$27.23/ton, or 2.92%, from the average export price in September; a decrease of US$390.58 from the same period last year. / ton, a decrease of 30.13%.
2018-2019 polyester bottle flakes (39076110) export volume comparison chart
Source: Customs data
Export flow direction, 2019 Among the countries exporting polyester bottle flakes in October 2020, Asian countries still accounted for a large proportion. On the one hand, it has the advantage of close distance and low costs related to near-ocean routes; on the other hand, there are fewer anti-dumping cases in Asian countries. Secondly, countries in Europe, South America, and Africa also rank among the top ten. Among them, exports to Russia in October reached 9,000 tons, an increase of 1.51% from September. In addition, Peru’s share of exports to Chile fell by 0.58% and 0.8% respectively.
Source: Customs data
10 China’s end-use demand for polyester bottle flakes decreased relatively in March, and major end-use soft drink manufacturers have successively reduced operations. In November, most beverage manufacturers entered the maintenance period ahead of schedule. The market price of RMB against the U.S. dollar has slightly decreased, and exporters’ profit margins have narrowed. However, considering the export situation in previous years (the export volume in November has been higher than that in October in the past three years), it is expected that the export volume of polyester bottle flakes in November may be higher than that in October. It was flat in October. At present, most manufacturers have inventories of more than 20 days, and the pace of shipments is slow. Although mainstream manufacturers such as Sanfangxiang, China Resources, and Wankai have reduced production and load, and shut down operations in Chenggao for maintenance, the inventory pressure in the bottle flake industry is difficult to release in the short term. Overall, the export of polyester bottle flakes may remain high in November.
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