According to the data monitored by SunSirs, as of June 25, the average price of PET water bottle manufacturers was 6,733.33 RMB/ ton. The overall PET market was running smoothly with a small upward trend. The prices quoted by manufacturers were stable, and the price range was 6,700-6,800 RMB/ ton.
Last week, the PET market was mainly stable, with prices of some manufacturers rising slightly and rising in a narrow range. At present, PET goes smoothly, transaction prices fluctuate above and below the cost line. The focus of negotiation is narrow and upward. The downstream demand is general, and the inventory is normal. The upstream PTA has a narrow and upward trend, which is good for support, spot flow and tight inventory. The mainstream price range is 4,800-5,000 RMB/ ton.
On June 24, the rubber and plastic index was 775 points, which was the same as the previous day, decreased by 26.89% compared with 1060 points (2012-03-14), the highest point in the cycle, and increased by 46.78% compared with 528 points, the lowest point on April 6, 2020(Note: period refers to the period from December 1, 2011 to now)
SunSirs analysts believe that: in the short term, China PET prices are stable on the upper side, and the price downward range is limited.
