SunSirs: Strong Cost Support, China PET Market Prices slightly Increased
December 18 2024 09:42:37 SunSirs (Selena)
According to the Commodity Market Analysis System of SunSirs, the PET market price has slightly increased today. As of December 17th, its average market price is 6,162 RMB/ton.
International oil prices have continued to rise, with strong cost support and a significant increase in polyester raw material prices. Driven by costs, today's PET spot market prices have also risen. However, considering the approaching end of the month, some holders may face pressure to store and ship, which may limit the upward trend of PET.
Overall, the PET market prices may continue to fluctuate narrowly in the short term. The actual trend still needs to pay attention to the follow-up equipment, demand situation, and cost support under the traction of crude oil.
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