PET flake prices hard to rise in the rest of 2019

When China was still amid National Day holiday sentiment, PET flake prices in Guangdong market began to tick down. In Puning of Guangdong, prices of cold washed blue and white flakes declined to 4,800-4,900yuan/mt, and then, prices in Dongguan of Guangdong followed lower, down from 5,300yuan/mt to 5,100yuan/mt, and then down to 4,900yuan/mt further, but this level was hard to conclude transactions, so prices rebounded later, to 5,000-5,100yuan/mt last week.

Affected by the market sentiment in Guangdong, prices in Zhejiang market, especially Cixi market, prices also lowered by 200yuan/mt during National Day holiday. Cold washed blue and white flakes were mainly offered at 5,100-5,200yuan/mt. In Hangzhou, the decrement was about 100yuan/mt, and offers were at 5,300-5,400yuan/mt. Prices may decrease further somewhat.