According to the data monitored by SunSirs, as of July 14, the price quoted by PET water bottle manufacturers was 5,600 RMB/ ton, which was 1.47% lower than that of the same period last week. The PET market is in a weak position, the transaction center is low, and the overall trend is stable. At present, the mainstream quotation range is between 5,400 yuan and 5,600 RMB/ ton.

PET market is running in a weak position, with high inventory, insufficient follow-up of downstream demand, and inactive purchasing attitude. Most of them just need to purchase, and the upstream inventory accumulates, and polyester bottle chips lose cost support. At present, the mainstream manufacturers in east China offer about 5,400-5,550 RMB/ ton, and the mainstream market negotiation price is about 5,300-5,400 RMB/ ton. The terminal demand is slightly tired due to rainstorm weather, and it will take some time for the market to recover.

The upstream PTA is weak in operation, with high inventory, slow shipment and poor transaction atmosphere, which makes it difficult to form a good support for pet cost. The market negotiation focus is weak, and the main thing is to wait and see carefully

On July 13, the rubber and plastic index was 628 points, unchanged with the previous day, 40.75% lower than 1060 (2012-03-14), and 18.94% higher than the lowest point of 528 on April 06, 2020. (Note: period refers to 2011-12-01 to now)

PET analyst of SunSirs believes, PET market will maintain weak operation in the short term, and there is possibility of price falling. (the above prices are provided by major pet manufacturers all over the country and analyzed by SunSirs PET analysts for reference only. Please contact relevant manufacturers for more price details.)

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