SunSirs: China PET Market Prices Rose on January 3rd, 2025
January 06 2025 14:52:23 SunSirs (Selena)
According to the Commodity Market Analysis System of SunSirs, as of January 3rd, the average selling price of PET is 6,207 RMB/ton, and the price trend shows an upward trend.
Recently, the rise in international crude oil prices has driven the prices of polyester dual raw materials to rise synchronously. Against the backdrop of rising costs, the PET market prices continue to rise. The new production facility is about to be put into operation, and it is expected that the supply side will increase in the future. As the Spring Festival approaches, the downstream market's willingness to replenish is not strong, so the subsequent growth of the PET market may be limited.
Looking ahead, starting from the end of December, with the gradual increase in stocking demand during the Spring Festival, as well as the potential increase in operating rates in the oil and PET sheet industries, domestic demand for PET is expected to see a slight increase. This trend is expected to provide some support for the PET market. Therefore, in the subsequent market trends, we need to closely monitor the direction of peripheral policies and relevant news on the production of new devices. Meanwhile, changes in market demand will also become a key factor affecting the price trend of the PET market.
If you have any enquiries or purchasing needs, please feel free to contact SunSirs with support@sunsirs.com.
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