SunSirs: Narrow and Weak of China Domestic PET Market (October 5-12)
October 13 2022 09:18:50 SunSirs (Selena)
According to the data monitored by SunSirs, as of October 12, the price of PET water bottle has been operating in a narrow range and weak. At present, the average price is 8,170 RMB/ ton, down 1.68% compared with the same period last week. The overall market is operating in a narrow range and weak. At present, the focus of negotiations is low, the market shipment is average, the logistics is smooth, and the operating rate is stable.
The domestic PET price is narrow and weak. Compared with the same period last week, the price has decreased slightly. At present, the market operation rate is normal, manufacturers mainly give up profits and take orders, the shipment is active, the logistics is smooth, the supply side is normal, the overall market transaction atmosphere is general, the negotiation atmosphere is fair, and the downstream readiness is general. At present, the mainstream price is about 8,000 RMB/ ton, and the small reduction is weak. The latest quotation of the enterprise: Shanghai Quyi Industrial Co., Ltd. 8,200 RMB/ ton, Nanjing Yuansu New Materials Co., Ltd. 8,180 RMB/ ton, Zhejiang Wankai 8,150 RMB/ ton.
SunSirs PET analysts believe that the mainstream price of China PET market is expected to be around 8,000 RMB/ ton in the short term, with a narrow range and weak operation.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.
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