According to the data monitored by SunSirs, as of June 4, the average price of PET water bottle manufacturers was 6,816.67 RMB/ ton, down 2.15% compared with the same period last month. The overall market was weak. Last week, the polyester bottle chip market was mainly stable. The mainstream quotation range was 6,800-6,900 RMB/ ton, and the cost support was general.
Last week, the pet market continued to be stable, the cost side support was weak, the wait-and-see atmosphere was strong, the transaction atmosphere was flat, the demand was low, the follow-up efforts were insufficient, the inventory was general, the factory continued to be stable, the downstream demand was insufficient, the number of new orders was limited, the purchasing atmosphere was flat, the weak operation was maintained in the short term, and the upstream PTA started 81.11%; 57.82% of the ethylene glycol started work, and the overall trend was stable with little fluctuation.
On June 3, the rubber and plastic index was 781 points, which was the same as the previous day, decreased by 26.32% compared with 1060 points (2012-03-14), the highest point in the cycle, and increased by 47.92% compared with 528 points, the lowest point on April 6, 2020（Note: period refers to the period from December 1, 2011 to now）
SunSirs PET analysts believe that, the trend of crude oil tends to be stable, PET downstream demand is limited, the upstream is stable, and China PET market trend will continue to be stable in the short term.
