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SunSirs: China PET Market Negotiation is Stable, Downstream Demand is Limited
September 21 2020 08:51:24SunSirs(Selena)

According to the data monitored by SunSirs, as of September 17, the price quoted by PET water bottle manufacturers was 5,283.33 RMB/ ton, and the current mainstream manufacturer's price was around 5,250-5,350 RMB/ ton. The market of polyester bottle chip in South China was down steadily, and the mainstream negotiation price in the market was 5,100 RMB/ ton.

PET manufacturers' quotation is stable, market negotiation focus is stable, downstream demand is poor, the number of new orders is limited. At present, the polyester bottle chip market in East China is stable, and the price of mainstream manufacturers is around 5,250-5,350 RMB/ ton. At present, the price of Xiamen Tenglong is 5,300 RMB/ ton, Guangdong Taibao is 5,300 RMB/ ton, Zhuhai Huarun is 5,250 RMB/ ton, Zhejiang wankai is 5,250 RMB/ ton, Yizheng Chemical fiber is 5,300 RMB/ ton, most of them are cautious, cost support is general, the manufacturer's quotation is stable, the willingness to protect the price is strong, the focus of negotiation is stable, and the procurement is mainly on demand.

The upstream PTA market is stable and weak, and the market trading atmosphere is general. The market is dominated by contract orders, and the number of new orders is limited. The mainstream price range is about 3,500 RMB/ ton.

On September 16, PTA commodity index was 34.35, up 0.1 point compared with yesterday, 66.95% lower than 103.92 (2011-09-15), and 14.16% higher than 30.09, the lowest point on April 22, 2020. (Note: period refers to 2011-09-01 to now)

The chemical index on September 16 was 722 points, up 2 points compared with yesterday, 28.94% lower than 1016 points (2012-03-13), and 20.74% higher than 598 points, the lowest point on April 8, 2020. (Note: period refers to 2011-12-01 to now)

SunSirs PET analysts believe that: in the short term, China PET market has a trend of steady decline. (the above prices are provided by major PET manufacturers all over the country and analyzed by SunSirs PET analysts for reference only. Please contact relevant manufacturers for more price details.)

 

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