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SunSirs: China Domestic PET Market is Stable and Weak Last Week
November 24 2020 10:33:52SunSirs(Selena)

According to the data monitored by SunSirs, as of November 20, the price quoted by PET water bottle manufacturers was 4,966.67 RMB/ ton, and the polyester bottle chip market was running in a weak position, with a slight downward trend. The price range of mainstream manufacturers was around 5,000-5,100 RMB/ ton, while the mainstream negotiation in South China was 5,050 RMB/ ton. The overall market price of polyester bottle chips was stable, the purchasing atmosphere was weak, the downstream demand was general, and the number of new customers' orders was limited.

The domestic polyester bottle chip market price ran smoothly, the downstream demand was general, and the overall price presented a stable trend. The market negotiation center was stable, the mainstream factory traded actively, the logistics was smooth, the number of new orders was limited. At present, the polyester bottle chips in East China are running at a low level, and the price of mainstream manufacturers is around 5,000-5,100 RMB/ ton. In South China, the price is weak. The mainstream negotiation price in the market is 5,000-5,100 RMB/ ton. At present, the shipment is smooth and the inventory is general.

Last week, the upstream PTA market rebounded slightly, the cost side lacked favorable support, the market demand was general, the negotiation focus was stable, the inventory pressure remained, and the transaction mentality was cautious.

SunSirs PET analyst believes: China PET market runs smoothly in the short term, price fluctuation is not big.

 

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