According to the data monitored by SunSirs, as of May 14, the average price of PET water bottle manufacturers was 7,000.00 RMB/ ton, and the PET bottle chip market was weak, with the mainstream quotation range of 6,900-7,000 RMB/ ton.

Pet market price is weak and stable operation, cost side support is weak, transaction atmosphere is general, inventory is general, the factory continues the stable trend, downstream demand is insufficient, the number of new orders is limited, the purchasing atmosphere is flat, and the weak operation will be maintained in the short term.

The upstream PTA is running in shock, lacking positive support, the international crude oil plummeted, and the cost support is insufficient. Some enterprises shut down for maintenance. On May 13, the PTA commodity index was 45.73, down 1.86 points from the previous day, Compared with the highest point of 103.92 in the cycle (2011-09-15), it decreased 55.99%, and increased 51.98% compared with the lowest point of 30.09 on April 22, 2020（ Note: period refers to the period from September 1, 2011 to now).

SunSirs PET analysts believe that: due to the poor cost support and insufficient downstream demand, China PET marketwill continue to be weak and stable in short-term.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.