SunSirs: China Domestic PET Market is relatively Strong Last Week
November 22 2022 11:15:36 SunSirs (Selena)
According to the data monitored by SunSirs, as of November 18, the price of PET water bottle was running strongly. At present, the average price is 7,340.00 RMB/ ton, 2.8% higher than that of the same period last week. The overall market is in an upward trend. At present, the operating rate is stable, downstream just needs to purchase, and the transaction atmosphere is general.
Last week, the domestic PET price went up, with a slight increase. The mainstream price was about 7,300 RMB/ ton. At present, the market operation rate is stable, the negotiation atmosphere is fair, and the downstream suppliers are willing to stock up. The manufacturers are active in shipping. The latest quotations of the enterprises are: Shanghai Quyi Industry Co., Ltd. 7,250 RMB/ ton, and Jiashan Molai Trade Co., Ltd. 7,200 RMB/ ton.
Rubber and plastic commodity index: On November 17, the rubber and plastic index was 675 points, unchanged from the previous day, 36.32% lower than the highest point in the cycle 1,060 points (March 14, 2012), and 27.84% higher than 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 the mainstream price of PET market in China is expected to be stable and strong in the short term.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.
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