In 2022, the PET market rises and falls. In the first half of the year, the price continues to rise. In the second half of the year, it fluctuates and falls by 9.37% throughout the year. The highest price of the year is 9,210 RMB/ton in June, and the lowest price is 7,160 RMB/ton in December. The price rises slightly near the end of the year. At present, the manufacturer's price is mainly stable.

The first quarter: PET prices fluctuated upward. The price peak in the first quarter was 8,750 RMB/ton in the middle of March. In January 2022, PET prices fluctuated upward, up 1.9% compared with the beginning of January, up 3.87% compared with the same period in December 2021. In February, PET prices fell slightly, down 0.62% compared with the beginning of this month, down 1.23% compared with the same period in January, and the mainstream prices were about 8000 RMB/ton, In March, the overall increase was 5.12%, reaching 400 RMB/ton. The negotiation atmosphere was fair, and the price remained around 8,400 RMB/ton.

The second quarter: PET market prices were the main players, with the price peak in the middle of June. In the first ten days of April, domestic PET prices were weak, with the mainstream price range around 8,300 RMB/ton. In the middle of April, the price rose slightly. In the last ten days of April, the average price remained stable and strong, with an average price of 8,450 RMB/ton. In May, the market price of PET increased by 8.94% compared with the same period in April, with an overall increase of 700 RMB/ton. The mainstream price range was 9,000-9,200 RMB/ton, The PET market price in June showed an upward trend. Compared with the same period in May, the overall price rose by 2.19%, with an increase of 200 RMB/ton. The mainstream price range was 9,200-9,400 RMB/ton. The overall price rose by 5.71% in the second quarter.

In the third quarter, the price of PET mainly declined in July. At the beginning of July, the price was 9,340 RMB/ton, and by the end of September, the price was 8,310 RMB/ton. In the third quarter, the price low point was September, and the price high point was July. The overall third quarter showed a continuous downward trend. In August, the price of PET market was mainly stable, with an increase of 0.79% for the whole month. The mainstream price was 9,000 RMB/ton, which was mainly stable, and the manufacturer's quotation remained around 8,900 RMB/ton, In September, the price of PET market operated in a narrow range, with a decline of 7.25% in the whole month, which was about 600 RMB/ton, and the mainstream price was 8,000 RMB/ton. The downstream just needed procurement was dominated by weak and stable operation. In the third quarter, the overall decline of PET was 11.03%, with a decline of 1,000 RMB/ton.

In the fourth quarter, the overall market of PET fell by 13.84%, with a drop of 1,200 RMB/ton. In October, the price of PET market declined slightly, with a drop of 7.46% for the whole month, about 700 RMB/ton, and the mainstream price was about 7,700 RMB/ton. In November, the PET price continued to decline, with a drop of 0.77% for the whole month, and the mainstream price was 7200 RMB/ton. The overall market was dominated by weak operation, and the price rebounded slightly near the end of the year, The upside is limited.

In 2022, the PET market rises and fall, and most of them will continue to decline. In the case of a declining environment, the PET market is highly competitive and operate at a fixed price. The price rises slightly near the end of the year. It is expected that China PET price will operate at a high level in the short term, and it is expected to last until the beginning of 2023.

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