According to the Commodity Market Analysis System of SunSirs, the PET market price is running weakly. As of October 25th, its average market price has been adjusted to 6,360 RMB/ton.

Due to the unexpected increase in US crude oil inventories last week, which exceeded expectations, overnight crude oil prices fell, resulting in a lackluster cost side support for PET. In addition, downstream industries continue to maintain procurement levels that only meet basic needs, which has dragged down and led to a correction in PET market prices today. However, considering the tight supply of goods in some regions and the good export performance, the decline in intraday prices has been limited to a relatively limited range.

Overall, the market is in a downward trend, and the PET market may experience weak fluctuations in the short term. With trading deadlocked, the PET market may continue to fluctuate within a narrow range in the short term. 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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