SunSirs: Rubber and Plastics: Risk Warning: Domestic PET Market Focus is Low on December 11
December 12 2019 14:29:01 SunSirs (Daisy)
1. Price Trend
According to the data from SunSirs, the price of PET water bottle manufacturers was 6,450.00 MB/ton on December 11.
2. Market Analysis
Products: Up to December 11, the PET market in South China fluctuated within a narrow range. The mainstream negotiating price was 6,450-6,550 RMB/ton. The PET market in East China was sideways. The mainstream manufacturers were quoting at 6,550-6,650 RMB/ton. Jiangsu Baosheng reference price 6,500 RMB/ton, Guangdong Taibao 6,600 RMB/ton, China Resources polyester bottle flakes 6,650 RMB/ton, Henan Anhua 6,600 RMB/ton, Sanfangxiang polyester bottle flakes 6,650 RMB/ton, Hainan Yi Sheng 6,550 RMB/ton.
Industry: On December 10, the PET commodity index was 48.50, which was the same as yesterday. It was 53.26% lower than the highest point of the cycle at 103.76 on September 22, 2011, and was 1.59% higher than the lowest point of the cycle at 47.74 on January 25 2016 (Note: The cycle refers to September 1, 2011 to now).
3. Market Forecasting
SunSirs' PET analysts believe that the short-term and short-term focus of negotiation on price will be lower. It is recommended that players need to be cautious.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com
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