1、 Price trend
According to the data monitored by the business association, as of March 25, the price of pet water bottle manufacturers was 5400.00 yuan / ton, the cost end support collapsed, and the demand for polyester bottle chips has not yet shown any obvious signs of improvement.
2、 Cause analysis
In terms of products: pet factory’s inventory pressure has been reduced, and the willingness to continue to reduce prices is cautious. The polyester bottle Market in East China is weak. Now, the main manufacturers offer around 5500-5600 yuan / ton, and the main market talks about 5200-5350 yuan / ton.
Industry chain: the PTA Market of polyester raw materials maintains consolidation, with general cost support. Some bottle chip manufacturers offer lower prices, the focus of market negotiation is weaker, the downstream is mainly cautious, and the market trading is light.
Industry: on March 24, pet commodity index was 40.60, the same as yesterday, a new low in the cycle, 60.87% lower than the highest point of 103.76 on September 22, 2011. (Note: cycle refers to 2011-09-01 to now)
3、 Future forecast
Pet analysts believe that: downstream cautious wait-and-see, market trading light.