SunSirs: The Trend of China Domestic PET Market was Narrow and Weak (November 4-11)

https://www.chemnet.com   Nov 14,2022 SunSirs

According to the data monitored by SunSirs, as of November 11, the price of PET water bottle has been operating in a narrow range and weak. At present, the average price is 7,140.00 RMB/ ton, down 0.36% compared with the same period last week. The overall market is weak. At present, the market supply and demand are balanced, the operating rate is stable, and the procurement atmosphere is general.

Last week, the domestic PET price is narrow and weak. The mainstream price is about 7,140 RMB/ ton. At present, the market operation rate is normal, the atmosphere of negotiation is general, and the willingness of downstream to stock up is not strong. At present, the mainstream price is about 7,200 RMB/ ton. This week, the price is slightly lowered and weak. The latest quotation of the enterprise: Jiashan Molai Trading Co., Ltd. 6,950 RMB/ ton, Shanghai Hongqi Plastic Technology Co., Ltd. 7,250 RMB/ ton.

Rubber and plastic commodity index: On November 10, the rubber and plastic index was 671 points, down 1 point from the day before, down 36.70% from the highest point in the cycle 1,060 points (March 14, 2012), and up 27.08% from the lowest point 528 points on April 6, 2020. (Note: the cycle refers to the period from December 1, 2011 to the present).

SunSirs PET analysts believe that the mainstream price of China PET market is expected to be stable and strong this week.

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