Price trend

According to data monitored by SunSirs, as of May 12th, the price of water bottle grade PET was stronger, with an average price of 7,670.00 RMB/ton. This week, the price of PET was mainly narrowly weaker, with a slight decrease of 0.65% compared to the same period last week. The mainstream price was around 7,600 RMB/ton, and the overall focus of market negotiations was stable.

Analysis review

This week, the domestic PET price was operating to be weaker in a narrow range. As of the 12th, the mainstream price was around 7,600 RMB/ton, and the overall market was operating steadily. The focus of the negotiation was stable, the manufacturer was proactive in shipping, downstream procurement was on demand, logistics was smooth, and the manufacturer was willing to make profit-cutting for sales. PET enterprise quotation: Jiashan Plastic Trading Co., Ltd. 7,200 RMB/ton, Shanghai Hongqi Plastic Technology Co., Ltd. 7700 RMB/ton, Zhejiang Wankai 7,400 RMB/ton.

Rubber and plastic commodity index: On May 11, the rubber and plastic index was 672 points, a decrease of 1 point from the previous day, a decrease of 36.60% from the highest point in the cycle of 1,060 points (2012-03-14), and an increase of 27.27% 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 operate steadily in the short term, with a limited range of price fluctuations.

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