China Domestic PET market is weak and stable, shipment is slow

According to the data monitored by the business agency, as of July 23, the price quoted by pet water bottle manufacturers was 5483.33 yuan / ton, which was 1.2% lower than that of the same period last week. The focus of the negotiation is low, and the manufacturers are running in a weak position. At present, the mainstream price range is 5400-5500 yuan / ton.

 

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The pet market is in a weak position, crude oil is falling, and there is no good support at the cost side. Some manufacturers of polyester bottle chips are slow to ship, and the overall atmosphere is flat. At present, the mainstream manufacturers in East China are offering around 5400-5500 yuan / ton, and the mainstream market negotiation is around 5300-5400 yuan / ton. At present, the price of Xiamen Tenglong is 5500, Yuan / ton: Guangdong Taibao 5500 yuan / ton, Zhuhai China Resources 5550 yuan / ton, Zhejiang wankai 5450 yuan / ton, Yizheng Chemical fiber 5350 yuan / ton. Due to the lack of good support for raw materials, most of them hold a cautious and wait-and-see attitude.

 

The negotiation focus of upstream PTA market is weak, with cautious wait-and-see, and the raw material ethylene glycol runs weakly and stably, and the number of transactions is limited.

 

The rubber and plastic index on July 22 was 614 points, 4 points lower than yesterday, 42.08% lower than the highest point 1060 (2012-03-14), and 16.29% higher than the lowest point 528 on April 06, 2020. (Note: period refers to 2011-12-01 to now)

 

Pet analysts of business agency believe that: in the short term, the pet market is weak and stable, and we should wait and see carefully. (the above prices are provided by major pet manufacturers all over the country and analyzed by pet business analysts for reference only. Please contact relevant manufacturers for more price details.)

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