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SunSirs: China Domestic PET Market is Operating strongly (December 7-14)

December 15 2022 10:31:18SunSirs(Selena)

According to the data monitored by SunSirs, as of December 14, the price of PET water bottle is relatively strong. The current average price is 7,160.00 RMB/ton, up 0.42% compared with the same period last week. The overall market is relatively strong. At present, the operating rate is stable. Downstream just needs to purchase. The transaction atmosphere is general.

This week, the domestic PET price is on the strong side, and the price has risen slightly. The mainstream price is about 6900 RMB/ton. At present, the market operation rate is stable, and the negotiation atmosphere is not good enough to prepare goods. The latest quotation of the enterprise: Shanghai Hongqi Plastic Technology Co., Ltd. 7,100 RMB/ton, and Shanghai Quyi Industrial Co., Ltd. 7,000 RMB/ton.

Rubber and plastic commodity index: On December 13, the rubber and plastic index was 667 points, unchanged from the previous day, 37.08% lower than the highest point in the cycle 1,060 points (March 14, 2012), and 26.33% higher than the lowest point 528 points on April 6, 2020. (Note: the cycle refers to the period from December 1, 2011 to the present).

SunSir PET analysts believe that the mainstream price of China PET market is expected to be stable and strong in the short term.

 

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.

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