SunSirs: Narrow Range and Weak Operation of China Domestic PET Market (November 4-7)
November 07 2022 10:34:19 SunSirs (Selena)
According to the data monitored by SunSirs, as of November 4, the price of PET water bottle has been operating in a narrow and weak range. At present, the average price is 7,166.00 RMB/ ton, which is 1.65% lower than that of the same period last week, with a drop of about 100 RMB/ ton. The overall market price is weak and downward. At present, the market supply and demand are balanced, and the operating rate is stable.
Last week, the domestic PET price was narrow and weak, and the mainstream price was about 7,200 RMB/ ton. At present, the market operation rate is normal, the negotiation atmosphere is general, the logistics is smooth, the supply side is normal, the negotiation atmosphere is fair, and the willingness to stock up downstream is general. At present, the mainstream price is about 7,200 RMB/ ton, and the small decline is weak. The latest enterprise quotation: Nanjing Yuansu New Material Co., Ltd. 7,000 RMB/ ton, and Shanghai Quyi Industrial Co., Ltd. 7,100 RMB/ ton.
Rubber and plastic commodity index: On November 3, the rubber and plastic index was 670 points, down 2 points from yesterday, down 36.79% from the highest point in the cycle 1,060 points (March 14, 2012), and up 26.89% from the lowest point 528 points on April 6, 2020. (Note: the cycle refers to the period from December 1, 2011 to the present).
According to SunSirs PET analysts, the mainstream price of PET market is expected to be around 7,200 RMB/ ton in the short term, with a narrow and weak operation.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.
- 2024-04-22 SunSirs: Weak Decline in Both Upstream and Downstream, Making it Difficult for PET Prices to Break Through
- 2024-04-07 SunSirs: Strong Cost Support, China PET Market Prices is Rising
- 2024-04-03 SunSirs: Strong Cost Support, China PET Market Prices is Rising
- 2024-03-27 SunSirs: Cost and Demand are Favorable, China PET Prices is Fluctuating and Rising in March
- 2024-03-15 SunSirs: Strong Cost Support, China PET Prices Showed an Upward Trend
