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SunSirs: China PET Market Negotiation Atmosphere is Low, Be Cautious
August 28 2020 10:37:29SunSirs(Selena)

According to the data monitored by SunSirs, as of August 25, the price quoted by PET water bottle manufacturers was 5,466.67 RMB/ ton, and the price of mainstream manufacturers was around 5,400-5,500 RMB/ ton. The East China region maintained the sorting out, and the downstream was cautious, and just purchased by need.

Recently, PET operation is weak, the demand is general, the negotiation atmosphere is low, and just need purchasing is the main trend. At present, the mainstream manufacturers in East China offer around 5,400-5,500 RMB/ ton, and the mainstream market negotiation is around 5,300-5,400 RMB/ ton. At present, the price of Xiamen Tenglong is 5,400 RMB/ ton, Guangdong Taibao is 5,400 RMB/ ton, Zhuhai China Resources is 5,400 RMB/ ton, Zhejiang wankai is 5,400 RMB/ ton, Yizheng Chemical fiber 5,350 RMB/ ton, most of them are cautious.

The negotiation of upstream PTA market is stable, the transaction atmosphere is general, and the demand is poor.

On August 24, the rubber and plastic index was 631 points, up 2 points compared with the previous day, 40.47% lower than 1060 (2012-03-14), and 19.51% higher than the lowest point of 528 on April 6, 2020. (Note: period refers to 2011-12-01 to now)

 

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