April 24th weak finishing operation of domestic PET market in China

1、 Price trend

 

According to the data monitored by the business agency, as of April 24, the price of pet water bottle manufacturer is 5250.00 yuan / ton.

 

2、 Cause analysis

 

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In terms of products: in the near future, cost support is weak, polyester PET factory mainly provides preferential shipment, but the downstream has insufficient confidence in the future market, the on-site trading atmosphere is light, and the polyester bottle Market in East China is weak. Now, the offer of mainstream manufacturers is around 5400-5500 yuan / ton, and the market mainstream negotiation is around 5200-5350 yuan / ton.

 

Industry chain: the PTA Market of polyester raw materials has declined, the cost support has weakened, the bottle chip manufacturers have lowered their offer by 50-100 yuan / ton, and the focus of market negotiation has weakened.

 

Industry: on April 23, the rubber and plastic index was 550, down 2 points from yesterday, 48.11% from 1060 (2012-03-14), and 4.17% from 528, the lowest point on April 06, 2020. (Note: cycle refers to 2011-12-01 to now)

 

3、 Future forecast

 

Pet analysts believe that pet market or weak finishing operation in the short term.

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