Price trend

According to the commodity market analysis system of SunSirs, as of April 28, the price of water bottle grade PET was stronger, and the average price was 7,896.00 RMB/ton. In April, the PET market price rose by 2.68%, and the overall market was stronger in a narrow range. As of April 28th, the mainstream price was around 7,900 RMB/ton, and the overall market supply and demand were balanced.

Analysis review

In April, the domestic PET price was stable and stronger, with a price of 7,690 RMB/ton at the beginning of the month and 7,896 RMB/ton at the end of the month, an increase of 2.68% compared to the same period last month. However, the price change was not significant compared to the same period last week. In April, the overall price slightly increased, and the focus of negotiations was relatively high. On the 28th, the mainstream price was around 7,900 RMB/ton. Downstream procurement was on demand, and the negotiation atmosphere was positive. Logistics was smooth, and manufacturers were actively shipping. Upstream support was average, mainly operated stably. The latest quotation from the enterprise: Jiashan Plastic Trading Co., Ltd. 7,700 RMB/ton, Shanghai Hongqi Plastic Technology Co., Ltd. 7,700 RMB/ton, and Shanghai Quyi Industrial Co., Ltd. 7,700 RMB/ton.

Rubber and plastic commodity index: On April 26, the rubber and plastic index was 679 points, a decrease of 1 point from the previous day, a decrease of 35.94% from the highest point of 1,060 points in the cycle (2012-03-14), and an increase of 28.60% from the lowest point of 528 points on April 6, 2020. (Note: The cycle refers to the period from December 1st, 2011 to the present).

Market outlook

PET analysts from SunSirs believe that the PET market is expected to be stable and stronger in the short term, with prices remaining around 8,000 RMB/ton.

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