Jun BOPET Profit Remained High

According to SCI, up to the end of June in 2018, the total BOPET capacity was 3,077kt/a in China. The monthly operating rate at BOPET producers was 76.26%, up 0.36% M-O-M and 4.95% Y-O-Y.

According to SCI, the operating rate at BOPET producers rose slightly in June 2018. As the unit at some BOPET producer in East China restarted on schedule at the beginning of June, and units at some producer in Jiangsu province recovered production, the overall operating rate increased in June.

According to SCI, the profits in the BOPET industry decreased marginally in June. However, the profits were still at a high level, hovering around RMB 2,150/mt. The prices of feedstock fluctuated within a narrow range, so the prices of BOPET declined slowly due to insufficient support cost. The monthly average prices decreased from last month.

After the surge at the end of June, the BOPET market restored calm again. The BOPET producers received orders at the end of June, so they maintained firm offers. Units at some producer in Jiangsu province restarted officially at the beginning of June, so the supply inched up. However, the demand didn’t recover, and the downstream buyers showed thin interest in purchasing at highs. According to SCI, the prices of BOPET will be stable-to-decreasing in July. The reference prices of general-purpose BOPET in East China were RMB 11,510-12,010/mt in July.