SunSirs: The Domestic PET Market Was Mainly Running Strongly (June 13-20)

Price trend

According to the data monitored by SunSirs, as of June 20, the PET price of PET water bottle grade was running in a narrow range and weak this week, with an average price of 9,680 RMB/ton, down 1.73% compared with the same period last week. This week, the overall PET market was running smoothly, the overall market supply and demand ere balanced, and the logistics and shipments were smooth.

Analysis review

Domestic PET prices were mainly running smoothly, and running in a narrow range. The operating rate was normal, the manufacturers ere actively shipping, the logistics was smooth, the operating rate was normal, and the market transaction atmosphere was general. The overall negotiation atmosphere was acceptable, the downstream stocking willingness was average, and the cost was lacking support. The mainstream price was around 9,500 RMB/ton.

Rubber and Plastics Commodity Index: On June 19, the rubber and plastics index was 800 points, the same as previous day, down 24.53% from the highest point in the cycle of 1,060 points (2012-03-14), and up 51.52% from the lowest point of 528 points on April 6, 2020. (Note: The cycle refers to 2011-12-01 to the present).

Market outlook

The PET analyst of SunSirs believes that the PET market is expected to be stable and strong in the short term, and the overall market supply and demand will be balanced.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com