According to the data monitored by SunSirs, as of January 10, the price of PET water bottle level was operating in a narrow range, and the current average price was 7,092.00 RMB/ton, down 1.31% from the same period last week. The overall market was mainly operating in a narrow range, and the mainstream price was around 7,100 RMB/ton. The overall market supply and demand was balanced.

This week, the domestic PET price is on the strong side, and the price has risen slightly. The mainstream price is about 7,100 RMB/ton. The downstream just needs to purchase, and the willingness to stock up is not good. Affected by public reasons, the logistics is slow at present, old customers arrange orders for delivery, and new customer orders are limited. The latest quotations of enterprises are: Jiashan Plastic Trading Co., Ltd. 7,100 RMB/ton, and Shanghai Quyi Industrial Co., Ltd. 7,150 RMB/ton.

Rubber and plastic commodity index: On January 9, the rubber and plastic index was 664 points, down 1 point from yesterday, down 37.36% from the highest point of 1,060 points in the cycle (2012-03-14), and up 25.76% from the lowest point of 528 points on April 6, 2020. (Note: the period refers to 2011-12-01 to now).

SunSirs PET analysts believe that the price of China PET market is expected to be weak and downward in the short term.

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