I. price trend
According to the data monitored by the business association, on November 19, pet water bottle manufacturers quoted 6500 yuan / ton, and on May 26, pet water bottle manufacturers quoted 6450 yuan / ton. The overall price fell by 50 yuan / ton, or 0.77% as a whole. This week, pet market was weak.
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II. Cause analysis
Products: this week, the ester bottle market continued to show weak performance, the transaction atmosphere was flat, the rising space was limited, the terminal demand was weak, the polyester bottle market was short-term or weak adjustment, its sustainability needs to be observed, Zhejiang wankai’s latest offer is 6550 yuan / ton, China Resources chemical Holdings Co., Ltd. 6550 yuan / ton, Anyang polyester material factory 6550 yuan / ton.
Raw materials: the upstream PTA market was adjusted to a low level. Hainan Yisheng, Jiaxing petrochemical and Shanghai Yadong Petrochemical are all facing a restart this week. The downstream polyester just needs to be stable and has some support.
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Industry: on November 25, the rubber and plastic index was 668, up 2 points from yesterday, down 36.98% from 1060 (2012-03-14), and up 15.97% from 576, the lowest point on December 21, 2015. (Note: cycle refers to 2011-12-01 to now) this week, the commodity market fell in shock, and the overall trend of rubber and plastic industry fell in weakness.
III. future forecast
Pet analysts believe that: downstream replenishment cautious, weak terminal demand, polyester bottle chip market short-term or weak adjustment.
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