SunSirs: Plastics, China’s National PET Market Fluctuates On January 16
January 16 2020 11:16:58 SunSirs (Daisy)
PET water bottle manufacturers quoted 6,800.00 RMB / ton on January 16th, and PET market prices fluctuated within a narrow range this week.
Product aspect, East China polyester bottle flakes market is narrowly sideways. At present, the mainstream manufacturers' offers are around 6,700-6,800 RMB / ton, and the market spot mainstream negotiations are near 6,500-6,650 RMB / ton. The latest price quoted by Zhejiang Wankai is 6,800 RMB / ton, China Resources Chemical Holdings Co., Ltd. is 6,800 RMB / ton, and Anyang Polyester Material Factory is 6,800 RMB / ton.
Industry chain aspect, PTA market for polyester raw materials is narrowly sideways. The cost support is general. And the bottle chip manufacturers' offer is temporarily stable. The market negotiation is on the low end. The downstream is cautious and wait-and-see and the market is light.
Industry aspect, On January 15th, the PET commodity index was 51.13, which was the same as yesterday. It was 50.72% lower than the highest point of the cycle at 103.76 (2011-Septmber-22) and increased by 7.10 from the lowest point of 47.74 on January 25, 2016 %. (Note: Period refers to 2011-Septmber-01 to present)
SunSirs PET analyst believes that in the short term the focus of discussion is low. Players wait and see carefully.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com
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