Price trend

According to data monitored by SunSirs, as of April 25th, the price of water bottle grade PET was relatively strong, with an average price of 7,896.00 RMB/ton. The PET price this week was mainly stable, with no significant changes compared to the same period last week. The mainstream price was around 7,800 RMB/ton, and the overall focus of market negotiations was stable.

Analysis review

This week, the domestic PET price was running smoothly, with the mainstream price around 7,800 RMB/ton. The overall market was stable and slightly stronger in operation. The focus of the negotiation was stable, the manufacturer was proactive in shipping, downstream procurement was on demand, logistics was smooth, and the manufacturer was willing to make concessions for sales. PET enterprise quotation: Shanghai Hongqi Plastic Technology Co., Ltd. 7,750 RMB/ton, Shanghai Hongqi Plastic Technology Co., Ltd. 7700 RMB/ton, Zhejiang Wankai 7,400 RMB/ton.

Rubber and Plastic Commodity Index: On April 24th, the rubber and plastic index stood at 679 points, unchanged from the previous day, a decrease of 35.94% from the cycle's highest point of 1,060 points (2012-03-14), and an increase of 28.60% from the lowest point of 528 points on April 6th, 2020. (Note: The cycle refers to the period from December 1st, 2011 to the present).

Market outlook

PET analysts from SunSirs believe that the PET market is expected to operate steadily in the short term.

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