According to the Commodity Market Analysis System of SunSirs, the price of PET water bottle grade material has shown a downward trend this week. As of August 23, its average market price has been adjusted to 6,787 RMB/ton.

In terms of raw material market this week, the price of polyester dual raw materials showed a slight narrowing downward trend, which failed to provide effective cost support for the PET market. As a result, the pessimistic sentiment within the PET market continues to ferment, with weak market demand and a significant decrease in trading activity, leading to a further decline in the focus of PET futures and spot prices.

In response to the current situation, senior analysts in the PET sector of SunSirs pointed out that due to insufficient cost support and relatively loose supply prospects, the PET market may continue its weak consolidation pattern in the short term. However, the actual trend of the market will still highly depend on further developments in raw material prices and the smooth implementation of potential equipment maintenance plans, which will have a direct impact on the supply and demand balance and price trends of the PET market.

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