SunSirs: China Domestic PET Market Fluctuated Low in a Narrow Range (September 1-7)

https://www.chemnet.com   Sep 08,2022 SunSirs

　　According to the data monitored by SunSirs, as of September 7, the price of pet water bottle grade PET last week fluctuated in a narrow and weak range. The current average price is 8,800 yuan / ton. The overall market fluctuated in a narrow and weak range, down 1.79% compared with the price on September 1. At present, the focus of negotiation is weak, the market shipment is general, and the material flow is smooth.

　　The domestic PET price is operating in a narrow and weak range, with a slight decrease compared with the same period last week. At present, the market operation rate is normal, the manufacturers give up profits and take orders, the shipment is positive, the logistics is smooth, the overall market transaction atmosphere is general, the negotiation atmosphere is fair, the downstream readiness to stock is general, and the cost is short of support. The current mainstream price is about 8,900 yuan / ton, which is slightly reduced last week. In the short term, PET market is operating in a stable and weak manner in China.

　　Upstream ethylene glycol: as of September 2, the spot price of ethylene glycol in the East China market was 3970 RMB/ ton, down 17.5 RMB/ ton from the previous trading day and 1.5 RMB/ ton from the previous week. The spot price of ethylene glycol in the South China market was 4137.5 RMB/ ton, which was the same as the previous trading day and up 5 RMB/ ton from the previous week.Rubber and plastic commodity index: on September 6, the rubber and plastic index was 699 points, up 2 points from the previous day, down 34.06% from the highest point 1,060 points (2012-03-14) in the cycle, and up 32.39% from the lowest point 528 points on April 6, 2020. (Note: the period refers to 2011-12-01 to now).

　　SunSirs PET analysts believe that it is expected that China PET market will mainly operate stably in a weak narrow range in the short term.

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