SunSirs: China Domestic PET Market is Stable Last Week
December 13 2021 15:08:05 SunSirs (Selena)
According to the data monitored by SunSirs, as of December 10, the average price of PET water bottle manufacturers was stable and weak, the negotiation atmosphere was general, and the mainstream price was 7,400 RMB/ ton.
The domestic PET price was weak, the price fluctuation range was limited, the transaction atmosphere in the spot market was positive, and the procurement atmosphere was acceptable. The overall market operating rate was normal, the downstream readiness was general, the mainstream price was about 7,400 RMB/ ton, which was stable and weak. The manufacturers actively shiped, the logistics was smooth, the supply side was normal, and the price was not changed significantly last week.
PTA plant in upstream market was still planned to be overhauled, with good cost support. It was expected that the price of polyester filament will be mainly warm in the short term
On December 9, the chemical index was 1098 points, down 1 point from the previous day, down 21.57% from the highest point of 1,400 points in the cycle (2021-10-23), and up 83.61% from the lowest point of 598 points on April 8, 2020. (Note: cycle refers to the period from December 1, 2011 to now)
SunSirs PET analysts believe that China PET market will maintain weak and stable operation in the short term.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.
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