Price Trend
According to the data monitored by business associations, on August 19, PET water bottle manufacturers quoted 7150 yuan/ton, and on August 23, PET water bottle manufacturers quoted 7100 yuan/ton. The overall price fell by 0.7%. This week, the price of PET continued to fall.
| Azodicarbonamide (AC foaming Agent) |
II. Cause Analysis
Product aspect: This week, polyester plant starts to rebound and inventory falls back. Influenced by the fall of PTA price of upstream raw materials, the spot price of PET fell with the market. The downstream enterprises are in a wait-and-see atmosphere, just need to purchase, the market turnover is general, and the price center of the manufacturer is down. Macroeconomic climate is bad, raw material end maintenance equipment is gradually restored, market supply is sufficient, market promotion is not strong, temporarily no good support, PET manufacturers yield, quotation fell, as of August 23, the mainstream price range of PET water bottle manufacturers is 6950-7100 yuan/ton.
Raw Material: Recent (August 19 – August 23) spot market price of PTA raw material has dropped slightly. Recent PTA supply side has restarted a number of devices, which has suppressed prices and insufficient cost side support. At the same time, the start-up rate of raw material ethylene glycol plant was stable, the port inventory was reduced, and the price of Lido ethylene glycol rose slightly by 1.46%, and the operation was reorganized. Material end support is general, PET prices continue to be weak consolidation, the overall decline of 3.4%, the overall market consolidation of the industrial chain is the main.
| EDTA |
Industry: On August 23, the rubber and plastic index was 674 points, down 3 points from yesterday, down 36.42% from the highest point of 1060 points in the cycle (2012-03-14), up 17.01% from the lowest point of 576 points on December 21, 2015. (Note: Cycle refers to 2011-12-01 to date) This week, commodity market is mainly narrow consolidation, the overall trend of rubber and plastic industry is weak downward.
3. Future Market Forecast
PET analysts believe that: in the near future, there is no obvious advantage in terms of cost, insufficient cost support for the market, continued weak downstream demand, strong wait-and-see atmosphere of manufacturers, pressure drop of PET market, but the decline space is limited. It is expected that the broad fluctuation of PET market will dominate in the short term.
| Melamine |