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Recently, the polyester bottle market after the Spring Festival feedback from various segments is different, demand recovery also shows differentiation. Last week I visited some of the upstream and downstream scale enterprises in Jiangsu and Zhejiang polyester bottle chips, involving the north of Zhejiang, Suzhou and Haining area.

Recent PTA spot spreads continue to weaken, the current mainstream of March goods in 05-20 ~ 30 near the transaction, to yesterday's March average spread in 05-23, compared with February, a significant decline. Polyester load from 80% after the holidays to the current 89%, why PTA market performance is still so weak?

After the Spring Festival polyester industrial chain market high and low, the mentality is no longer optimistic before the festival, to today, although there is a moderate stabilization, but the market sentiment is still relatively cautious.

Domestically, central bank governor Pan Gongsheng: there is still room to cut the standard in the future; Ministry of Commerce: promote consumer goods to replace the old with the new; Ministry of Finance: 2024 will strengthen the coordination of financial resources, and appropriately expand the scale of financial expenditure; in the first two months of this year, the total value of China's imports and exports of goods trade is 6.61 trillion yuan, an increase of 8.7% year-on-year. Among them, exports 3.75 trillion yuan, an increase of 10.3%; China's CPI in February rose 0.7% year-on-year, for the first time in six months to turn positive, PPI year-on-year decline expanded to 2.7%.