1、 Price trend
According to the data monitored by the business agency, pet water bottle manufacturers quoted 6662.50 yuan / ton on December 23, which made pet market weak this week.
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2、 Cause analysis
In terms of products: the cost pressure increases and there is a loss situation. At present, the operating rate is lower than that of last week, but some manufacturers still have inventory pressure and poor downstream demand. The latest quotation of Zhejiang wankai is 6800 yuan / ton, that of China Resources chemical Holding Co., Ltd. is 6900 yuan / ton, and that of Anyang polyester material factory is 6800 yuan / ton.
In terms of raw materials: PTA processing fee has been raised, and the cost end is not supported well at present. Pet demand is weak in the short term, and the bottle chip market may be in a dilemma under the deadlock of high inventory and loss.
Industry: on December 22, pet commodity index was 50.09, unchanged from yesterday, down 51.73% from 103.76 (2011-09-22), the highest point in the cycle, and up 4.92% from 47.74, the lowest point on January 25, 2016. (Note: cycle refers to 2011-09-01 to now)
3、 Future forecast
Pet analysts believe that: downstream demand is weak, inventory pressure of some manufacturers is obvious, and there is room for price decline.
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