According to the data monitored by SunSirs, as of October 20, the price of PET water bottle has been operating in a narrow and weak range. At present, the average price is 7,690 RMB/ ton, which is 5.88% lower than the price of the same period last week, about 400 RMB/ ton. The overall market is operating in a narrow and weak range. At present, the focus of negotiations is low, the market shipments are general, the logistics are smooth, and the operating rate is stable.

The domestic PET price is operating in a narrow and weak range. Compared with the same period last week, the price has dropped 5.88%, with a drop of 400 RMB/ ton. At present, the market operation rate is normal, the manufacturers are active in shipping, the logistics is smooth, the supply side is normal, the overall market transaction atmosphere is general, the negotiation atmosphere is fair, and the downstream readiness is general. At present, the mainstream price is about 7,700 RMB/ ton, with a slight decline and weak operation, Latest quotation: Shanghai Quyi Industry Co., Ltd. 7,350 RMB/ ton, China Resources 7,350 RMB/ ton, Hainan Yisheng 7,430 RMB/ ton.

Rubber and plastic commodity index: On October 19, the rubber and plastic index was 697 points, down 2 points from yesterday, down 34.25% from the highest point in the cycle 1,060 points (March 14, 2012), and up 32.01% from the lowest point 528 points on April 6, 2020. (Note: the cycle refers to the period from December 1, 2011 to the present).

According to SunSirs PET analysts, the mainstream price of PET market in China is expected to be around 7,800 RMB/ ton in the short term, with a narrow range and weak operation.

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