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SunSirs: China Domestic PET Market was Weak

September 24 2020 10:55:23     SunSirs (Selena)

According to the data monitored by SunSirs, as of September 22, the price quoted by PET water bottle manufacturers was 5,283.33 RMB/ ton, and the price of mainstream manufacturers was around 5,250-5,350 RMB/ ton. The market of polyester bottle pieces in South China was in a weak position, with the mainstream price of 5,000-5,100 RMB/ ton.

PET market is weak, market negotiation focus is weak, downstream is cautious and demand is poor, new orders are limited, the negotiation atmosphere is low. At present, the market of polyester bottle pieces in East China are running at a low level, and the mainstream manufacturers' offer is around 5,250-5,300 RMB/ ton. The market mainstream negotiation price is 5,000-5,100 RMB/ ton, and the manufacturers' shipment is smooth and the inventory is general.

The upstream PTA market is weak, the cost support is general, and the procurement is mainly on demand, and the negotiation atmosphere is dull.

On September 21, PTA commodity index was 34.13, down 0.22 points compared with the previous day, 67.16% lower than 103.92 points (2011-09-15), and 13.43% higher than the lowest point of 30.09 points on April 22, 2020. (Note: period refers to 2011-09-01 to now)

The chemical index on September 22 was 731, up 1 point compared with the previous day, 28.05% lower than 1016 (2012-03-13), and 22.24% higher than 598, the lowest point on April 8, 2020. (Note: period refers to 2011-12-01 to now)

SunSirs PET analyst believes: China PET market runs smoothly in the short term, and the focus of negotiation is low. (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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