SunSirs: China Domestic PET Market Fluctuates in a Narrow Range and The Price Rises steadily

According to the data monitored by SunSirs, as of December 8, the price quoted by PET water bottle manufacturers was 5,400.00 RMB/ ton, which was 7.28% higher than that in early December, Compared with the same period of last month, the price of polyester bottle chip increased by 8.72%, and the price of polyester bottle chip market was stable and increased in a narrow range. Now the price range of mainstream manufacturers is around 5,400-5,500 RMB/ ton. The prices of some manufacturers have been raised, and the overall market price of polyester bottle chips has risen slightly. The purchasing atmosphere is general. The downstreams just purchase by needs, and the transaction atmosphere is calm.

The price of domestic PET bottle chip market has been rising steadily, and the overall market is showing an upward trend. The focus of negotiation is relatively strong. The prices of some manufacturers have been increased 50-100 RMB/ ton. The downstream demand is flat, and the procurement is mainly on demand. The overall price shows a small rise. The mainstream factories are active in shipping, the logistics is smooth, the number of new orders is limited, mainly contract customers, and the operating rate is normal. At present, polyester bottle chips in East China are low. The main market negotiation price is 5,400-5,500 RMB/ ton. At present, the shipment is smooth and the inventory is general.

This week, the upstream PTA market price went up, the pet cost side lacked favorable support, PTA market demand was general, the negotiation focus was stable, the inventory pressure remained, and the transaction mentality was cautious.

On December 7, the rubber and plastic index was 751 points, up 2 points compared with the previous day, 29.15% lower than 1060 (2012-03-14), and 42.23% higher than the lowest point of 528 on April 06, 2020. (Note: period refers to 2011-12-01 to now)

SunSirs PET analyst believes: in the short term, China PET market will be more volatile.

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