According to the data monitored by SunSirs, as of January 8, the quotation of PET water bottle manufacturers was 5,666.67 RMB/ ton. Last week, the price of PET bottle chips rose slightly, up 2.41% compared with the same period of the previous week. Now, the price range of mainstream manufacturers is around 5,600-5,700 RMB/ ton, and the trading atmosphere is good.

Last week, the domestic market price of PET bottle chips increased slightly, the cost side was supported, the shipment was smooth, the overall market negotiation center was moved up, the transaction atmosphere was improved, the operating rate was normal, the high price of PET bottle chips was frequent, the quantity of low price goods was limited, the overall market was strong, the downstream demand was general, and the current market price in South China was 5,700-5,800 RMB/ ton.

The upstream PTA was running strongly last week, the shipment was smooth, the inventory was high, and it was expected that PTA market will continue to run strongly in the short term.

On January 7, the rubber and plastic index was 692 points, up 2 points from the previous day, down 34.72% from the highest 1060 points (2012-03-14) in the cycle, and up 31.06% from the lowest 528 points on April 6, 2020. (Note: period refers to the period from December 1, 2011 to now)

SunSirs PET analysts believe that: in the short term, China PET market tends to be strong and consolidation, which does not rule out continuing to go up, but the rising space is limited.

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