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SunSirs: China Domestic PET Market was Stable with Weak Operation

October 09 2020 10:29:36     SunSirs (Selena)

According to the data monitored by SunSirs, as of September 28, 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 chip 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 are weak, downstream is cautious and demand is not good, the number of new orders is limited, the negotiation atmosphere is low, and procurement is made by need. At present, polyester bottle chips in East China are running at a low level, and the mainstream manufacturers' offer is close to 5,250-5,300 RMB/ ton. South China is in a weak position, the mainstream negotiation price is 5,000-5,100 RMB/ ton. At present, the price of Xiamen Tenglong is 5,300 RMB/ ton, Guangdong Taibao is 5,300 RMB/ ton, Zhuhai China Resources is 5,250 RMB/ ton, Zhejiang Wankai is 5,250 RMB/ ton, and Yizheng Chemical fiber is 5,300 RMB/ ton. At present, the shipment is smooth and the inventory is general.

The upstream PTA market is weak, PET procurement is made by need, and the negotiation atmosphere is dull.

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

 

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