SunSirs: The PET Market Was Mainly Stable and Stronger (March 20-27)
March 29 2023 10:46:08 SunSirs (John)
Price trend
According to the data monitored by SunSirs, as of March 27, the price of water bottle grade PET was stronger, with the average price of 7,600.00 RMB/ton. The price of PET rose in a narrow range this week, up 1.33% compared to the same period last week. The mainstream price was around 7,400 RMB/ton, and the negotiation focus of the overall market was high.
Analysis review
Domestic PET prices rose slightly this week. As of March 28, the mainstream price was around 7,400 RMB/ton, and the overall market was stable and stronger. The negotiation center was stable, the manufacturer was active in shipping, downstream procurement was on demand, and logistics was smooth. The manufacturer gave up profits to sell goods. The company's latest PET quotation: The latest PET quotation of Shanghai Quyi Industrial Co., Ltd. Was 7,700 RMB/ton, Shanghai Hongqi Plastic Technology Co., Ltd., 7,700 RMB/ton and Zhejiang Wanka 7,400 RMB/ton.
Rubber and plastic commodity index: On March 26, the rubber and plastic index stood at 671 points, unchanged from the previous day, down 36.70% from the cycle's highest point of 1,060 points (2012-03-14), and up 27.08% from the lowest point of 528 points on April 6, 2020. (Note: The cycle refers to 2011-12-01 to now).
Market outlook
PET analysts from SunSirs believe that it is expected that the PET market will operate in a stable and stronger manner in the short term.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.
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