SunSirs: Lack of Demand, Chinia PET Market is Weak
May 26 2021 10:51:23 SunSirs (Selena)
According to the data monitored by SunSirs, as of May 24, the average price of pet water bottle manufacturers was 6,816.67 RMB/ ton, the PET bottle chip market was weak, the mainstream quotation range was 6,800-6,900 RMB/ ton, the raw material side was weak, and the cost support was general.
PET market price is weak and stable, cost side support is weak, wait-and-see atmosphere is strong, transaction atmosphere is flat, demand is low, follow-up strength is insufficient, inventory is general, factory continues stable trend, downstream demand is insufficient, new order transaction quantity is limited, purchasing is flat, and weak operation will be maintained in the short term.
The upstream PTA entered the off-season, the transaction atmosphere was flat, the inventory was on the high side, the overall may was mainly de-inventoried, and the short-term trend was narrow. PTA commodity index: on May 23, the PTA commodity index was 45.08, flat with the previous day, down 56.62% from the highest point of 103.92 (2011-09-15) in the cycle, and up 49.82% from the lowest point of 30.09 on April 22, 2020（Note: period refers to the period from September 1, 2011 to now）
SunSirs PET analysts believe that, demand is insufficient, cost support is poor, PET market will continue to be weak and stable in the short term.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.
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