According to the data monitored by the business community, as of December 30, the quotation of PET water bottle manufacturers was 5,533.33 RMB/ ton. As the holidays approached, the willingness of downstream goods preparation was not strong, and the demand for purchase was not strong. The price of PET bottle chips is stable. The price range of mainstream manufacturers is around 5,400-5,550 RMB/ ton. The purchasing atmosphere was general, and the transaction atmosphere was mild.

The domestic polyester bottle chip market price is stable, the overall market presents a stable situation, the negotiation center is stable, the downstream demand is flat, just need to purchase, the operating rate is normal, there is no pressure on inventory, the mainstream factories are active in shipping, the logistics is smooth, the number of new orders is limited, the contract customers are the main customers, the market mainstream negotiation price is 5,400-5,550 RMB/ ton, the operation is cautious.

In early December, the upstream PTA Market as a whole showed an upward trend, and the increase began to narrow in late December. As of December 30, the average price of domestic PTA spot market was 3,624 RMB/ ton, up 9.5% compared with the beginning of the month, and down 27.45% compared with the same period last year. The overall situation was mainly warm oscillation operation, and the rising space was limited.

On December 29, the rubber and plastic index was 707 points, 5 points lower than the previous day, 33.30% lower than 1060 points (2012-03-14), the highest point in the cycle, and 33.90% higher than 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: in the short term, China PET market is stable.

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