China’s domestic PET market is weak

According to the data monitored by the business agency, as of October 20, the price quoted by pet water bottle manufacturers was 5083.33 yuan / ton. At present, the price range of mainstream manufacturers is around 5000-5100 yuan / ton, and the mainstream negotiation is about 4850-5000 yuan / ton. The overall polyester bottle chip market is in a weak position, and the negotiation atmosphere is low-end, and the downstream is cautious.

 

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The domestic polyester bottle chip market is weak. The downstream market is cautious, the demand is general, the transaction atmosphere is general, the market negotiation focus is weak, the number of new orders is limited, mainly contract customers, just need to purchase, buy as you use. At present, the polyester bottle chip in East China is running at a low level, the current mainstream manufacturers’ price is around 5000-5100 yuan / T, and the market mainstream negotiation price is 500 yuan / T At present, the price of Xiamen Tenglong is 5000 yuan / ton, Guangdong Taibao is 5150 yuan / ton, Zhuhai China Resources is 5150 yuan / ton, Zhejiang wankai is 5100 yuan / ton, Yizheng Chemical fiber is 5150 yuan / ton. At present, the shipment is smooth and the inventory is general.

 

The upstream PTA market is relatively strong and has been running for many days. At present, the market price is mainly stable, which slightly supports the pet cost, and has little impact on the whole polyester bottle chip market. The factory quotation is stable and the trading atmosphere is dull.

 

On October 19, PTA commodity index was 33.75, down 0.08 points compared with yesterday, 67.52% lower than 103.92 points (2011-09-15), and 12.16% higher than the lowest point of 30.09 points on April 22, 2020. (Note: period refers to 2011-09-01 to now)

On October 19, the rubber and plastic index was 677 points, up 5 points compared with yesterday, 36.13% lower than 1060 (2012-03-14), and 28.22% higher than the lowest point of 528 on April 06, 2020. (Note: period refers to 2011-12-01 to now)

 

Pet analysts of business club believe that: in the short term, the pet market is weak and the trading atmosphere is dull. (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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