Domestic PET market in China: stable and weak market

According to the data monitored by the business agency, as of September 28, the price quoted by pet water bottle manufacturers was 5283.33 yuan / ton, and the price of mainstream manufacturers was around 5250-5350 yuan / ton. The market of polyester bottle chip in South China was in a weak position, with the mainstream price of 5000-5100 yuan / ton.

 

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Pet market is weak, downstream demand is weak, market negotiation focus is weak, downstream cautious wait-and-see demand is not good, the number of new orders is limited, the negotiation atmosphere is low, and just need procurement is the main. At present, polyester bottle chips in East China are running at a low level, and the mainstream manufacturers’ offer is close to 5250-5300 yuan / T. South China is in a weak position. The mainstream negotiation price is 5000-5100 yuan / ton, and the current Xiamen Tenglong price is It is 5300 yuan / ton for GE, 5300 yuan / ton for Guangdong Taibao, 5250 yuan / ton for Zhuhai China Resources, 5250 yuan / ton for Zhejiang wankai, and 5300 yuan / ton for Yizheng Chemical fiber. At present, the shipment is smooth and the inventory is general.

 

The upstream PTA market is weak, pet is lack of good support, just need procurement is given priority to, and the negotiation atmosphere is dull.

 

On September 27, PTA commodity index was 33.34, unchanged with yesterday, down 67.92% from 103.92 (2011-09-15), and 10.80% higher than the lowest point of 30.09 on April 22, 2020. (Note: period refers to 2011-09-01 to now)

 

On September 27, the rubber and plastic index was 645 points, unchanged with yesterday, 39.15% lower than 1060 (2012-03-14), and 22.16% 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, and the focus of negotiation is low. (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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