SunSirs: China Domestic PET Market is Stable and Weak
November 11 2020 13:08:23 SunSirs (Selena)
According to the data monitored by SunSirs, as of November 10, the price quoted by PET water bottle manufacturers was 4,866.67 RMB/ ton, and the polyester bottle chip market was running in a weak position, with a slight downward trend. The price range of mainstream manufacturers is around 4,750-4,850 RMB/ ton, and the mainstream negotiation price in South China is 4,750 RMB/ ton. The overall polyester bottle chip market is weak and volatile, the purchasing atmosphere is cold.
The domestic PET bottle chip market is weak, the downstream demand is insufficient, the inventory pressure is too large, and the price is slightly reduced. At present, the polyester bottle pieces in East China are running at a low level. The price of mainstream manufacturers is around 5,000-5,100 RMB/ ton, and the mainstream negotiation price in South China market is 5,000-5,100 RMB/ ton. At present, the shipment is smooth and the inventory is general.
The upstream PTA market is weak, the PET cost support is weak, and the market focus is weak. At present, the shipment is normal and the inventory is general.
SunSirs PET analysts believe that: in the short term, China PET market is weak and volatile, and inventory pressure remains.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.
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