1、 Price trend
According to the data monitored by the business club, as of March 17, the price of pet water bottle manufacturers was 5800.00 yuan / ton, the polyester market trend was weak, the cost support was general, and the polyester industry chain market might be vulnerable and volatile.
| Polyglutamic acid |
2、 Cause analysis
In terms of products: the market of raw material end fluctuates violently, and there is a strong wait-and-see atmosphere in polyester bottle market. With the relief of public events, the delivery speed of manufacturers has increased, which has a certain mitigation effect on the inventory. Downstream purchases on demand, with limited new orders.
Industry chain: the upstream PTA processing area has been enlarged, but recently, with the planned shutdown and overhaul of the two major plants, the PTA start-up has been greatly reduced by 9 basis points, but the pre PTA inventory status can not be immediately relieved, and the high probability of PTA is still dominated by weak shocks.
| Poly glutamic acid |
Industry: on March 16, pet commodity index was 43.61, down 0.75 points from yesterday, a new low in the cycle, down 57.97% from the highest point of 103.76 on September 22, 2011. (Note: cycle refers to 2011-09-01 to now)
3、 Future forecast
Pet analysts believe that: polyester bottle chip market is expected to be weak in the short term.
| poly gamma glutamic acid |