SunSirs: Poor Market Demand, China PET Fluctuated narrowly

According to the data monitored by SunSirs, as of September 23, the average price of PET water bottle manufacturers was 6,900.00 RMB/ ton. The fluctuation range of PET price this week is small, mainly stable operation, and the price trend was stable. Compared with the same period last week, the price does not change significantly, the downstream purchases by needs, and the transaction atmosphere is general.

This week, the domestic PET price operates stably and the transaction atmosphere in the spot market is flat. At present, the overall market operating rate is general, the downstream demand is poor, and the narrow range operation is the main. The mainstream price is about 6,800-6,900 RMB/ ton. The manufacturers actively ship and the logistics is smooth.

Upstream PTA operates in a narrow range, and the mainstream price is about 5,000 RMB/ ton. PTA commodity index: on September 22, PTA commodity index was 48.17, down 0.29 points from the previous day, down 53.65% from the highest point 103.92 in the cycle (2011-09-15), and up 60.09% from the lowest point 30.09 on April 22, 2020. (Note: the period refers to the period from September 1, 2011 to now)

SunSirs PET analysts believe that the PET market will maintain a stable operation in the short term.