Domestic PET market in China is stable and weak this week

According to the data monitored by the business agency, as of November 20, the price quoted by pet water bottle manufacturers was 4966.67 yuan / ton, and the polyester bottle chip market was running in a weak position, with a slight downward trend. The price range of mainstream manufacturers is around 5000-5100 yuan / ton, while the mainstream negotiation in South China is 5050 yuan / ton. The overall market price of polyester bottle chips is stable, the purchasing atmosphere is flat, the downstream demand is general, and the number of new customers’ orders The quantity is limited.

 

The domestic polyester bottle chip market price runs smoothly, the downstream demand is general, and the overall price presents a stable trend. The market negotiation center is stable, the mainstream factory ships actively, the logistics is smooth, the number of new orders is limited, mainly contract customers, just need to purchase, buy as you need, Huadong polyester bottle chip is running at a low level, the current mainstream manufacturers’ price is around 5000-5100 yuan / ton, which is weak in South China The main market negotiation price is 5000-5100 yuan / ton. At present, the shipment is smooth and the inventory is general.

 

This week, the upstream PTA market rebounded slightly, the cost side lacked favorable support, the market demand was general, the negotiation focus was stable, the inventory pressure remained, and the transaction mentality was cautious.

 

On November 19, the rubber and plastic index was 736 points, up 5 points compared with yesterday, 30.57% lower than 1060 (2012-03-14), and 39.39% higher than the lowest point of 528 on April 06, 2020. (Note: period refers to 2011-12-01 to now)

 

Pet analyst of business agency thinks: pet market runs smoothly in the short term, price fluctuation is not big. (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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