According to the data monitored by the business community, as of September 19, the price of PET water bottle grade PET in this week was narrow and weak. At present, the average price is 8420 yuan/ton, down 4.32% compared with the same period last week. The overall market is narrow and weak. At present, the focus of negotiations is weak, the market shipments are average, and the logistics is smooth.
The domestic PET price is narrow and weak. Compared with the same period last week, the price has decreased slightly. At present, the market operation rate is normal, the manufacturers mainly give up profits and take orders, the shipment is positive, the logistics is smooth, the overall market transaction atmosphere is general, the negotiation atmosphere is fair, the downstream preparation intention is general, and the cost is lack of support. At present, the mainstream price is about 8500 yuan/ton, which has decreased slightly this week. In the short term, PET is stable and weak.
Upstream ethylene glycol: As of September 13, the closing price of ethylene glycol in Asian market in CFR China on September 13 was 530 dollars/ton, which was 5 dollars/ton higher than the previous trading day and 6.9 dollars/ton higher than last week.
Rubber and plastic commodity index: On September 18, the rubber and plastic index was 707, unchanged from yesterday, 33.30% lower than the highest point 1060 (March 14, 2012) in the cycle, and 33.90% higher than the lowest point 528 on April 6, 2020. (Note: the cycle refers to the period from December 1, 2011 to the present).
PET analysts from the business community believe that the PET market is expected to operate stably in the short term, with a narrow range being weak. (if you want to know more about the latest market dynamics of the industrial chain, you are welcome to pay attention to the official account of business club, get commodity information and master commodity prices.).