1 Today's Summary ①、 On August 1st: The market is focusing on the latest moves by OPEC+ to increase production, and as geopolitical tensions have not intensified, international oil prices have fallen. ②、 PE Market: The polyethylene market price has been adjusted, with linear transaction prices ranging from 7,160 to 7,480 yuan/ton. 3. PP Market: Futures opened lower and fluctuated downward. In the morning, market offers fell by 20-50 yuan/ton, with mainstream East China wire drawing at 7020-7180 yuan/ton. 2 Spot Overview Table 1 Domestic Recycled PE/PP Price Summary (Unit: Yuan/Ton) Category Market Specifications 8 Month 1st 8 April 4th Change in value Percentage Change Recycled PE Hebei High-pressure white transparent first-grade granulation 6050 6050 0 0.00% Juxian County EVA Granulation 6000 6000 0 0.00% Hebei Wahaha white granules 5500 5500 0 0.00% Recycled PP Shandong White Transparent Premium Grade 1 Granules 5650 5650 0 0.00% Hebei White transparent high-quality granules 5300 5300 0 0.00% Jiangsu White PPR scrap 4850 4850 0 0.00% Related Products PE HDPE Linyi 5502 (Dushanzi Petrochemical) 7650 7630 -20 -0.26% LDPE Linyi 2426H Daqing Petrochemical 9550 9550 0 0.00% LLDPE Linyi 7042 Daqing Petrochemical 7330 7270 -60 -0.82% PP Zibo EPS30R 8150 8150 0 0.00% Linyi T30S( Huabei Petrochemical 7150 7100 -50 -0.70% Tianjin PPH-T03( Tianjin Petrochemical 7120 7120 0 0.00% Data Source: Longzhong Information Based on the Shandong and Hebei regions, the recycled PE Hebei high-pressure white transparent first-grade granules closed at 6,050 yuan/ton today, Juxian EVA granules closed at 6,000 yuan/ton, Hebei Wahaha white granules closed at 5,500 yuan/ton, and recycled PP white transparent high-quality first-grade granules closed at 5,700 yuan/ton. The market prices are holding steady and aligning with the morning expectations. Today's new material prices have slightly weakened in quotations, with few new orders reported from recycling manufacturers. Downstream plastic products companies mainly purchase based on immediate needs, and the market shows little change. Figure 1 2024-2025 Domestic Recycled PE Price Trend Chart (Yuan/Ton)         Figure 2 2024-2025 Domestic Recycled PP Price Trend Chart (Yuan/Ton) Data Source: Longzhong Information Data Source: Longzhong Information 3 Production Dynamics Figure 3: Trend of Domestic Recycled PE Capacity Utilization Rate Figure 4 Domestic Recycled PP Capacity Utilization Trend Chart Data source: Longzhong Information Source of data: Longzhong Information During the week, there has been little change in the supply of the recycled plastics market. Although the cost aspect has seen some products weaken, the order-taking situation for recycling companies is generally average. The current capacity utilization rate for the recycled PE market is at 26.5%, while the recycled PP market is at 27.1%, indicating a slight increase in industry operations. As the end of the month approaches, downstream product companies still have a rigid demand for restocking purchases, which slightly stimulates recycling companies to increase operations, but the overall supply increment is limited. 4 Price Forecast Again The overall change in the virgin plastic market is not significant. Recycling companies are actively offering quotes to sell, but the downstream purchasing sentiment is limited, mainly continuing with small inquiries for just-needed purchases. The prices of virgin material futures have weakened and declined, and the price gap between new and recycled materials has narrowed again, increasing the sales pressure on recycling companies. Currently, the inventory of recycled plastic finished products has risen, resulting in a slight decline in company operations. Manufacturers are slightly offering discounts to sell, and the market is expected to run steadily with a weak tendency. 5 Related product information PE Market: The polyethylene market price has been adjusted, with linear transaction prices ranging from 7160 to 7480 yuan/ton. It is understood that support from the cost side has weakened, and there is no positive news to boost the market. At the beginning of the month, market resources have increased, and industry participants are primarily focused on actively selling, resulting in mostly slight price declines. The North China linear market price fell by 40-60 yuan/ton, the East China market price dropped by 20 yuan/ton, and the South China market decreased by 20-50 yuan/ton. It is expected that polyethylene prices will mainly adjust accordingly in the afternoon. PP Market: Futures opened lower and fluctuated downwards, with morning market offers dropping by 20-50 yuan/ton. The sluggish demand side limits market transaction volume, and many traders are actively selling at a discount to avoid risks. Although there are frequent policy releases in the short term, downstream faces a dual dilemma of domestic demand and foreign trade, making substantial improvement difficult in the short term. Under the supply and demand pros and cons game, the market is expected to show a weak and slightly downward trend in the near future. As of midday, the mainstream price for East China wire drawing is between 7,020-7,180 yuan/ton.

1. Today's Summary ①、 Today, the mainstream price of pure white imitation Dacron machine-cleaned flakes in Jiangyin is around 4,700 yuan/ton, while the mainstream price of blue-white imitation Dacron machine-cleaned flakes is around 4,200 yuan/ton. ② 、 On this trading day, the PTA spot price fell by 40 to 4,700 yuan/ton, and ethylene glycol dropped by 25 to 4,455 yuan/ton. The combined polymerization cost is 5,510.93 yuan/ton, compared with the previous trading day.Down by 42.57 (CNY/ton). 2. Spot Market Overview Today, the imitation Dahua Shangji pure white in Jiangsu region closed at 4700 yuan/ton, remaining stable compared to the previous period. Weaving machine operation is declining, and only essential orders are being placed. Insufficient supply and poor sales in the regenerated chemical fiber factory have led to an accumulation of finished products and limited profitability, resulting in raw material procurement prices often being absorbed at low levels.The increase in glass bottle recycling is below expectations, and the price decline is limited. Due to the difficulty in procurement and limited profit margins at packing stations and cleaning plants, there is a tendency to hold back from selling at low prices. The price remains stable for now. 3. Production Update The weekly capacity utilization rate of recycled PET is 44.9%, unchanged from the previous period. The increase in recycled bottle collection is limited, raw material prices remain stable for now, but terminal demand is poor, leading to a downward trend in raw material procurement prices under the cost-control mindset of recycled chemical fiber. The daily profit of recycled PET is 200 yuan/ton. Figure 3 Domestic Recycled PET Capacity Utilization Rate Trend Chart Figure 4 Comparison of Profit and Price of Recycled PET (Unit: RMB/ton)   Data source: Longzhong Information Source of data: Longzhong Information 4. Price Prediction During the peak season for recycled glass bottles, there may be a slight downward trend in prices due to increased supply, but the decline is likely to be limited. With profit margins at cleaning plants remaining narrow, most are reluctant to sell at low prices.Terminal demand is weak, rigid demand support is insufficient, and sales in the recycled chemical fiber industry are sluggish, leading to continued pressure on raw material purchasing prices. Under the supply-demand game, the recycled PET bottle chip market is expected to operate within a range in the short term. 5. Relevant Product Information Polyester Chip Market: As of the time of writing, the mainstream negotiated price for semi-dull polyester chips in the East China region is around The price of 5810 yuan/ton for bright chips closed at 5850 yuan/ton, down by 40 and 30 compared to the previous working day, respectively. 。 Under the pressure of declining costs, the transaction focus in the polyester chip market has decreased, deepening market caution. Some downstream players still have certain expectations for improvement in future costs and demand, with a small amount of stocking occurring during the day. 。 6. Data Calendar