SunSirs: China PET Market Prices were Running weakly on November 18

According to the Commodity Market Analysis System of SunSirs, the PET market price is running weakly. As of November 18th, its average market price has been adjusted to 6,190 RMB/ton.

The domestic macro atmosphere did not meet expectations, with a decline in crude oil and raw materials, limited support on the PET cost side, and poor downstream willingness to take over, resulting in a downward trend in the PET market price center. In terms of supply and demand, some factories are selling at low prices, while downstream suppliers are maintaining essential purchases. Terminal performance is weak, overall demand is weak, and delivery pressure is increasing. Holders of goods are expected to sell at low prices, and the PET market continues to operate weakly.

Overall, it is expected that the PET market will continue to experience weak adjustments in the short term, and the actual trend will depend on the trend of the raw material side and the subsequent actual supply and demand situation, while paying attention to changes in crude oil.

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