According to the data monitored by SunSirs, as of October 28, pet water bottle manufacturers quoted a price of 5,033.33 yuan / ton, and the polyester bottle chip market was running in a weak position, with a slight downward trend. At present, the price range of mainstream manufacturers is around 5,000-5,100 yuan / ton, and the mainstream negotiation is around 4,850-5,000 yuan / ton. The overall polyester bottle chip market is weak and the purchasing atmosphere is dull.

The domestic PET bottle chip market center is downturn, the cost support is general, the downstream demand is poor, the transaction atmosphere is flat, the market negotiation focus is weak, the number of new orders is limited. Contract customers are the main customers and just purchase by needs. At present, the polyester bottle chips in East China are running at a low level. The price of mainstream manufacturers is around 5,000-5,100 yuan / ton. In South China, the price is weak. The mainstream negotiation price in the market is 5,000-5,100 yuan / ton. At present, the shipment is smooth and the inventory is general.

The upstream PTA inventory is running at a high level, the demand has increased, the sorting presents a stable trend, the inventory consumption is slow, and the downstream mainly purchases by needs.

On October 27, the rubber and plastic index was 698 points, up 5 points compared with the previous day, 34.15% lower than 1060 (2012-03-14), and 32.20% higher than the lowest point of 528 on April 06, 2020. (Note: period refers to 2011-12-01 to now)

SunSirs PET analyst believes: China PET market is weak in the short term, with narrow range consolidation.

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