The cost support is not good, the demand is insufficient, and the PET price is weak

According to the data monitored by the business community, as of May 14, the average price of pet water bottle manufacturers was 7000.00 yuan / ton, and the PET bottle chip market was weak, with the mainstream quotation range of 6900-7000 yuan / ton.

Azodicarbonamide (AC foaming Agent)

Pet market price is weak and stable operation, cost side support is weak, transaction atmosphere is general, inventory is general, the factory continues the stable trend, downstream demand is insufficient, the number of new orders is limited, the purchasing atmosphere is flat, and the weak operation will be maintained in the short term.

The upstream PTA is running in shock, lacking positive support, the international crude oil plummeted, and the cost support is insufficient. Some enterprises shut down for maintenance. Xinfengming’s 2.5 million T / a plant is planned to restart near the end of this week. Ningbo’s 700000 T / a plant has been shut down for maintenance in the past two days. On May 13, the PTA commodity index was 45.73, down 1.86 points from yesterday, Compared with the highest point of 103.92 in the cycle (2011-09-15), it decreased by 55.99%, and increased by 51.98% compared with the lowest point of 30.09 on April 22, 2020( Note: period refers to the period from September 1, 2011 to now).

Business community pet analysts believe that: poor cost support, insufficient downstream demand, short-term continuation of weak and stable trend( To learn more about the latest market trends, please pay attention to the official account of the business community, get information on goods, and grasp the price of commodities.

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