SunSirs: China PET Water Bottle Gade Prices Fluctuated with Costs Last Week

According to the Commodity Market Analysis System of SunSirs, as of February 14th, the average sales price of PET was 6,322 RMB/ton, and the market price fluctuated last week.

At present, the supply and demand fundamentals of the polyester bottle chip market lack obvious drivers, and prices are expected to mainly fluctuate with costs. From the demand side, it is expected that the soft drink and oil industries will continue to increase in production, while the PET sheet industry has basically resumed work. In addition, foreign trade shipments have returned to normal, with signs of concentrated shipments in the short term. These factors have collectively driven the growth of demand for polyester bottle chips.

In response to the current market situation, SunSirs believes that there may be a certain risk of price correction in the PET market in the short term. However, due to low processing fees and a slight decrease in supply, factory inventory pressure is still acceptable, and the degree of correction is limited. With downstream production and delivery gradually resuming, it is expected that the spot price of water bottle materials in the polyester bottle chip market may remain between 6,220 and 6,300 RMB/ton. The actual trend of the future PET market will depend on the combined effects of multiple factors, including the operation of subsequent equipment, changes in demand, and the cost support brought about by changes in the crude oil market.

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