SunSirs: Weak Trend of China Domestic PET Market

According to the data monitored by SunSirs, as of December 17, the price quoted by PET water bottle manufacturers was 5,533.33 RMB/ ton, which was 9.93% higher than that at the beginning of December. Compared with the same period last month, the price of polyester bottle chip increased 12.54%. The polyester bottle chip market has been operated in a narrow range, and the price has risen steadily. Now, the price range of mainstream manufacturers is around 5,400-5,550 RMB/ ton. The prices of some manufacturers have been raised. The overall market price of polyester bottle chips has risen slightly. The purchasing atmosphere is general, the downstream is cautious and the transaction atmosphere is flat.

Domestic PET bottle chip market price is stable, the overall market is running in a weak position. The focus of negotiation is stable, the downstream demand is flat, and the purchase is mainly on just need. At present, the inventory is high, the goods are slow, and sporadic orders are carried out. The mainstream factories are actively shipping, the logistics is smooth, the number of new orders is limited, mainly contract customers, and the operating rate is normal. At present, the polyester bottle chips in East China are running at a low level, the mainstream negotiation price in the market is 5,400-5,550 RMB/ ton. At present, the shipment is smooth and the inventory is general.

Last week, the upstream PTA market was stable and rising, PTA market demand was general, the focus of the negotiation was stable, the inventory pressure remained, and the mentality of transaction was cautious.

On December 16, the rubber and plastic index was 739 points, down 2 points from the previous day. It was 30.28% lower than the highest point 1,060 (2012-03-14) and 39.96% higher than the lowest point 528 on April 6, 2020. (Note: period refers to 2011-12-01 to now)

SunSirs PET analyst thinks: China pet market is weak and stable in the short term.

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