According to the Commodity Market Analysis System of SunSirs, as of September 27th, the average market price has been adjusted to 6,287 RMB/ton, and the price of PET water bottle grade is weakly stable.

With the international oil price showing a downward trend, the prices of the two core raw materials in the polyester industry chain have synchronously declined, resulting in a significant weakening of the support for PET raw materials, which in turn has led to a downward adjustment of the market price center on that day.

At the demand level, industry sentiment tends to be cautious and pessimistic, with market participants adopting more conservative business strategies and becoming more cautious in their decisions regarding new orders. Although some sources of goods still face tight supply, holders tend to sell at low prices due to poor expectations and are unwilling to release goods easily, resulting in a weak and stable adjustment of the PET market as a whole.

Overall, analysts from Business Society believe that there may be expectations of a rebound in PET spot market prices in the short term, but the magnitude is still limited. The actual trend still depends on the trend of the raw material side and the subsequent actual supply and demand situation.

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