SunSirs: China Domestic PET Market is Weak, Focus is Low

According to the data monitored by SunSirs, as of October 20, the price quoted by PET water bottle manufacturers was 5,083.33 RMB/ ton. At present, the price range of mainstream manufacturers is around 5,000-5,100 RMB/ ton, and the mainstream negotiation price is about 4,850-5,000 RMB/ ton. The overall polyester bottle chip market is in a weak position, and the negotiation atmosphere is low, and the downstream is cautious.

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

The upstream PTA market is relatively strong and has been running for many days. At present, the market price is mainly stable, which slightly supports the PET cost, and has little impact on the whole polyester bottle chip market. The factory quotation is stable and the trading atmosphere is dull.

The PTA commodity index on October 19 was 33.75, which was 0.08 points lower than the previous day, 67.52% lower than 103.92 points (2011-09-15), and 12.16% higher than the lowest point of 30.09 points on April 22, 2020. (Note: period refers to 2011-09-01 to now)

The rubber and plastic index on October 19 was 677 points, up 5 points from the previous day, 36.13% lower than the highest point 1060 (2012-03-14), and 28.22% higher than the lowest point of 528 on April 6, 2020. (Note: period refers to 2011-12-01 to now)

SunSirs PET analysts believe that: in the short term, the PET market is weak and the trading atmosphere is dull.

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