SunSirs: China PET Market Ran smoothly Last Week (May 24-28)
May 31 2021 14:15:16 SunSirs (Selena)
According to the data monitored by SunSirs, as of May 28, the average price of PET water bottle manufacturers was 6,816.67 RMB/ ton. Last week, the PET bottle chip market was stable and weak. The mainstream quotation range was 6,800-6,900 RMB/ ton. The raw material side was weak and the cost support was general.
Last week, the PET market continued to be stable, the cost side support was weak, the wait-and-see atmosphere was strong, the transaction atmosphere was flat, the demand was low, the follow-up efforts were insufficient, the inventory was general, the factory continued to be stable, the downstream demand was insufficient, the number of new orders was limited, the purchasing atmosphere was flat, the weak operation was maintained in the short term, the upstream PTA rebounded slightly, the price rose slightly, and the cost was good, In the short term, it will maintain a stable upward trend.
On May 27, the rubber and plastic index was 788 points, 2 points lower than the previous day, 25.66% lower than 1060 points (2012-03-14), the highest point in the cycle, and 49.24% higher than 528 points, the lowest point on April 6, 2020（Note: period refers to the period from December 1, 2011 to now）
SunSirs PET analysts believe that, the downstream demand is limited, the upstream rebounded slightly, and China PET market will continue the weak and stable trend in the short term.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.
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