Weak raw material support and weak operation of PET market

According to the data monitored by the business community, as of March 16, pet water bottle manufacturers had quoted 7450.00 yuan / ton. This week, the market of PET bottle chips rose first and then decreased, with narrow finishing. The raw material ethylene glycol fluctuated in a narrow range. The cost support of PET was insufficient, and the overall market was weak.

 

PET raw material price is weak, market supply and demand is balanced, negotiation focus is stable, inventory is high, pet cost side support is general, negotiation atmosphere is flat, downstream demand quantity is limited, short-term shock finishing is main, at present, the mainstream reference price in North China is 7400-7600 yuan / ton, negotiation focus is stable, wait-and-see is main, negotiation in South China is flat, reference price is 6700-7200 yuan / ton, North China is low The regional reference price is 7000-7200 yuan / ton, and the East China price is 7200-7300 yuan / ton. The overall market has a strong wait-and-see atmosphere, and the purchasing enthusiasm is general.

 

Manufacturer / region: Quotation (yuan / ton) date

Zhejiang wankai polyester bottle chip 7400 March 16

Zhuhai China Resources Co., Ltd. ﹣ 7450 ﹣ March 16

Henan Anhua polyester bottle chip 7400 March 16

Yizheng Chemical Fiber Co., Ltd. – polyester bottle piece 7300 March 16

Xiamen Tenglong polyester bottle chip Co., Ltd. 7300 March 16

Guangdong Taibao polyester bottle chip 7400 March 16

The upstream ethylene glycol is in weak operation, with low price and frequent low price, and the market trading atmosphere is flat. On March 15, the ethylene glycol commodity index was 57.77, up 0.33 points from yesterday, down 44.91% from the highest point of 104.87 points (2011-09-18) in the cycle, and up 72.29% from the lowest point of 33.53 points on April 2, 2020. (Note: period refers to the period from September 1, 2011 to now)

 

Rubber and plastic index: on March 15, the rubber and plastic index was 823 points, up 1 point from yesterday, down 22.36% from 1060 points (March 14, 2012), the highest point in the cycle, and up 55.87% from 528 points, the lowest point on April 6, 2020. (Note: period refers to the period from December 1, 2011 to now)

 

Business community pet analysts believe that: lack of raw material support, pet market in the short term weak operation. (to know more about the latest market trends of pet industry chain, welcome to pay attention to the official account of the business community, help enterprises to operate, help stock investment, help futures investment, log in the business community’s small programs, release commodity prices, promote promotional products, obtain commodity information, and grasp commodity prices.

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