Price Trend
According to the data monitored by business associations, on April 15, PET water bottle manufacturers quoted 8825 yuan/ton, and on April 19, PET water bottle manufacturers quoted 8688 yuan/ton. The overall decline was 100-200 yuan/ton, the overall decline was 1.56%, and the market of PET fell slightly.
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II. Cause Analysis
Product aspect: PTA price of raw materials fell sharply this week, cost support was not good, while the market atmosphere of PET was cold, purchasers just needed to replenish, the actual volume was low. Under the pressure of both cost and demand, manufacturers narrowly concede profits and prices slightly fall. As of April 19, the main quotation range of PET water bottle manufacturers is 8600-8750 yuan/ton. P>
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Industry: On April 19, the rubber and plastic index was 743 points, down 2 points from yesterday, down 29.91% from the highest point of 1060 points in the cycle (2012-03-14), and up 28.99% from the lowest point of 576 points on December 21, 2015. (Note: Cycle refers to 2011-12-01 to date) Commodity market consolidation is the main trend of the rubber and plastic industry, a small shock.
3. Future Market Forecast
PET analysts believe that recent PET products are mainly affected by supply and demand game and raw material price fluctuations, with small price shocks dominating. It is expected that the demand for PET terminal infrastructure will hardly be greatly improved. In the short run, the market of PET will be shaken and consolidated, with the mainstream quotation range of 8400-8800 yuan/ton.
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