SunSirs: Stable Supply and Demand Balance of PET (10.6-10.12)
October 16 2019 14:42:01 SunSirs (Eva)1.Price Trend
According to the data monitored by SunSirs on October 6, PET water bottle manufacturers quoted RMB 7012 yuan / ton, and on October 12, PET water bottle manufacturers quoted RMB 7037.5 yuan / ton. The overall price changed little, with an overall increase of 0.36% this week, and the overall pet market tends to be stable.
2.Cause analysis
Product: the actual demand of pet this week is fair, and the overall transaction is relatively stable. This week, the main quotation range of PET water bottle manufacturers is RMB 6900-7050 yuan / ton. The price of PTA in the upstream has been lowered, with considerable profit margin. This week's market is mainly stable.
On October 11, the energy index was 804, the same as yesterday, down 22.91% from 1043 (2012-03-29), the highest point in the cycle, and up 57.34% from 511, the lowest point on March 01, 2016. (Note: cycle refers to 2011-12-01 to now) the overall market of rubber and plastic industry is mainly in shock consolidation.
3.Future Market Forecast
PET analysts believe that: PET supply and demand balance in the near future, the market gradually stabilized. Future prices are mainly affected by the demand side, and it is expected that pet market will be consolidated in the short term.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.
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