SunSirs: China Domestic PET Market was Weak Last Week
December 21 2022 10:06:07 SunSirs (Selena)
According to the data monitored by SunSirs, as of December 19, the price of PET water bottle was relatively strong. At present, the average price is 7,130.00 RMB/ton, a decrease of 0.42% compared with the same period last week. The overall market is mainly stable, and the mainstream price is about 7,100 RMB/ton.
Last week, the domestic PET price is on the strong side, and the price has risen slightly. The mainstream price is about 7,100 RMB/ton, and the negotiation atmosphere is still not good. At present, the logistics is slow, and orders are arranged for shipment. The latest quotation of the enterprise is 7,100 RMB/ton for Shanghai Hongqi Plastic Technology Co., Ltd., and 7,000 RMB/ton for Shanghai Quyi Industrial Co., Ltd.
Rubber and plastic commodity index: On December 18, the rubber and plastic index was 668 points, unchanged from yesterday, 36.98% lower than the highest point in the cycle 1,060 points (March 14, 2012), and 26.52% higher than the lowest point 528 points on April 6, 2020. (Note: the cycle refers to the period from December 1, 2011 to the present).
SunSirs PET analysts believe that the market price of PET is expected to be stable and strong in China in the short term.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.
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