SunSirs: China Domestic PET Market Fell by a Narrow Margin in October

According to the data monitored by SunSirs, as of October 26, the average price of PET water bottle manufacturers was 7,690.00 RMB/ ton. In October, the market price of PET declined slightly, with a decline of 7.46% for the whole month, about 700 RMB/ ton. At present, the mainstream price range is 7,700 RMB/ ton. The overall market supply and demand are balanced. At present, the supply side is normal, the operating rate is stable, and downstream just need to purchase.

In the first ten days of October, as of September 7, the price of PET water bottle was narrow and weak. At present, the average price is 8,800 RMB/ ton. The overall market is narrow and weak, down 1.79% from September 1. At present, the focus of negotiation is weak, the market shipments are average, the logistics is smooth, and the domestic PET price is narrow and weak, down slightly compared with the same period last week. At present, the market operation rate is normal, manufacturers mainly give up profits and take orders, the shipment is active, and the logistics is smooth, The overall market transaction atmosphere is general, the negotiation atmosphere is fair, the downstream readiness is general, and the cost is lack of support. At present, the mainstream price is about 8900 RMB/ ton, which is slightly reduced this week. In the short term, PET is stable and weak. The latest quotation of the enterprise: Jiashan Molai Trading Co., Ltd. 8,800 RMB/ ton, Shanghai Hongqi Plastic Technology Co., Ltd. 8,800 RMB/ ton, Jiangsu Sanfangxiang Group Co., Ltd. 8,900 RMB/ ton.

In the middle and late October, as of October 20, the price of PET water bottle was narrow and weak. At present, the average price was 7,690 RMB/ ton, 5.88% lower than that of the same period last week, about 400 RMB/ ton. The overall market was narrow and weak. At present, the focus of negotiations is low, the market shipments are general, the logistics is smooth, the operating rate is stable, and the domestic PET price is narrow and weak, 5.88% lower than that of the same period last week, about 400 RMB/ ton, At present, the market operation rate is normal, the manufacturer's 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 7,700 RMB/ ton, which is slightly lower than the operation. The latest prices quoted by the enterprise: Shanghai Quyi Industrial Co., Ltd. 7,350 RMB/ ton, China Resources 7,350 RMB/ ton, Hainan Yisheng 7,430 RMB/ ton.

Rubber and plastic commodity index: On October 25, the rubber and plastic index was 684 points, down 5 points from yesterday, down 35.47% from the highest point in the cycle 1,060 points (March 14, 2012), and up 29.55% from the lowest point 528 points on April 6, 2020. (Note: the cycle refers to the period from December 1, 2011 to the present).

SunSirs PET analysts believe that China PET market is expected to operate stably in November.

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