SunSirs--China Commodity Data Group

Language

日本語

한국어

русский

deutsch

français

español

Português

عربي

türk

中文

Sign In

Join Now

Contact Us

Home > PET PET News > News Detail
PET PET News
SunSirs: No Cost Support, China PET Market Focus Shifted Downwards on October 17
October 18 2024 09:39:19SunSirs(Selena)

According to the Commodity Market Analysis System of SunSirs, as of October 17th, the PET factory's quotation has been lowered, and its average market price has been adjusted to 6,350 RMB/ton.

Overnight crude oil prices plummeted, and PET currently lacks cost support, causing a shift in focus. Recently, PTA plant maintenance has been limited, but the overall market supply is sufficient. There is currently no significant release of new orders downstream of the terminal, maintaining normal production and consuming more raw materials for stocking up in the early stage, resulting in weak procurement follow-up. Short term fundamentals are weak and difficult to change, and PTA prices will continue to decline. Due to the drag of raw materials, the quotation of polyester bottle chip factories has been lowered, and the market focus is weak and stable.

Overall, the PET market may experience weak fluctuations in the short term. The actual trend still depends on the trend of the raw material side and the subsequent actual supply and demand situation.

 

If you have any enquiries or purchasing needs, please feel free to contact SunSirs with support@sunsirs.com.

【Copyright Notice】In the spirit of openness and inclusiveness of the Internet, SunSirs welcomes all media and institutions to reprint and quote our original content. If reprinted, please mark the source SunSirs.

Exchange Rate:

8 Industries
Energy
Chemical
Rubber & Plastics
Textile
Non-ferrous Metals
Steel
Building Materials
Agricultural & Sideline Products