SunSirs: China Domestic PET Market was Weak (January 6-13)
January 17 2023 09:37:43 SunSirs (Selena)
According to the data monitored by SunSirs, the average price of PET water bottle level was 7,180.00 RMB/ton as of January 13, down 0.36% from the same period of the previous week. At present, the overall market is dominated by narrow and strong operation, and the price has an upward trend. The mainstream price is around 7,200 RMB/ton, the operating rate is stable, and the overall market supply and demand is balanced.
Last week, the domestic PET price fell slightly, with an average price of 7,180.00 RMB/ton, and the mainstream price of the quotation was around 7,200 RMB/ton. The recent PET price trend was up, with a slight upward trend. Near the end of the year, the logistics was slow, the old customers arranged orders for delivery, the new customer orders were limited, and the enterprise's latest quotation was 7,000 RMB/ton for Shanghai Quyi Industrial Co., Ltd., and 7,000 RMB/ton for Nanjing Yuansu New Material Co., Ltd, Shanghai Quyi Industrial Co., Ltd. 7,000 RMB/ton.
Rubber and plastic commodity index: On January 12, the rubber and plastic index was 664 points, which was the same as the previous day, decreased by 37.36% from the highest point of 1,060 points in the cycle (2012-03-14), and increased by 25.76% from the lowest point of 528 points on April 6, 2020. (Note: the period refers to 2011-12-01 to now).
SunSirs PET analysts believe that China PET market is expected to rise in the short term.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.
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