Sunsirs: The National PET Market Runs Cautiously (Feb.21)
February 25 2020 09:30:04 SunSirs (Daisy)
The mainstream manufacturers offer in the vicinity of 6300-6400 RMB/ton. The mainstream market spot talks about 6150-6300 RMB/ton. There is other referring market price. East China market water bottle material price is 6150-6250 RMB/ton. The price of water bottle in south China market is between 6150- 6300 RMB/ton. The price of water bottle in north China market is 6200-6250 RMB/ ton.
Product aspect, polyester bottle piece quotation of some individual manufacturer small increase. The downstream is cautious and they wait-and-see. The overall market trading is not fast. Most of transaction is to maintain the rigid demand. And the production is quite flat. Only a few large factory inquiries the price. There is no obvious improvement in the market. The speed of recovery is rather slow. People have strong wait-and-see attitude.
Industrial Chain aspect, crude oil rose, and PTA rose slightly under such pressure, which supported the market trend to some extent. In the Short-term, the market will be in stagnant operation in despite that low demand.
Supply side aspect, the raw material supply in the field is tight. The market atmosphere is light due to various factors, and the supply and demand are in a dilemma.
Industry aspect, on February 21, the PET commodity index was 46.99, up 0.19 points from yesterday, down 54.71% from the peak of 103.76 points (2011-Spet-22), up 0.79% from the low point of 46.62 points on February 17, 2020 (note: cycle refers to 2011-Sept-01 till now).
Market Forecasting aspect, SunSirs PET analysts think in the short – term, market prices has a stable and small move.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.
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