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SunSirs: Weak Cost Support, China PET Market Rises and Falls

March 17 2021 11:05:09     SunSirs (Selena)

According to the data monitored by SunSirs, as of March 12, the quotation of pet water bottle manufacturers was 7,450.00 RMB/ ton. Last week, the price of PET bottle chips rose first and then decreased. The PTA Market of raw materials was weak, and the price of PET was adjusted in a narrow range. As of March 12, the price of pet increased by 22.13% compared with the same period last month. Although the recent trend was weak, the price of pet increased too much in the early stage. The overall price is still high, and the market is in the stage of digesting inventory.

Last week, the price of PET raw materials was weak, the market supply and demand was stable, the inventory was high, the support of pet cost side was general, the downstream demand quantity was limited, and the short-term shock consolidation was dominant. At present, the mainstream reference price in North China was 7,400-7,600 RMB/ ton, the reference price in South China was 6,700-7,200 RMB/ ton, the reference price in North China was 7,000-7,200 RMB/ ton, and the reference price in East China was 7,200-7,300 RMB/ ton. the overall market is on the lookout atmosphere, procurement enthusiasm is general.

Rubber and plastic index: on March 11, the rubber and plastic index was 826 points, flat with the previous day, down 22.08% from 1060 points (March 14, 2012), the highest point in the cycle, and up 56.44% from 528 points, the lowest point on April 6, 2020. (Note: period refers to the period from December 1, 2011 to now)

SunSirs PET analysts believe that: Recently, the market of PET raw materials has declined, the PET market has a slight decline, the market supply and demand is balanced, and China PET market will maintain the early trend in the short term.

 

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