SunSirs: Crude Oil and Raw Materials Rebound, China PET Market Prices Rise after the Spring Festival
February 10 2025 09:09:35 SunSirs (Selena)
According to the Commodity Market Analysis System of SunSirs, as of February 8th, the average selling price of PET is 6,347 RMB/ton, with a slight increase after a downward trend.
During the day, the crude oil and its raw material market showed a strong rebound trend, providing more solid support for the cost side of PET and driving the center of gravity of market prices upward. However, the recovery of terminal demand is still lagging behind, and there are many unstable factors in the external environment, which has led downstream industries to adopt a cautious attitude towards chasing prices and have a weak willingness.
In response to the current market situation, SunSirs believes that cost drivers will dominate in the short term, and PET market prices are expected to rise along with the upward trend of the raw material market. However, at the same time, the gradual increase in supply side pressure may also exert a certain drag on the upward trend of prices. Therefore, the actual trend of the PET market in the future will depend on the combined effects of multiple factors, including the operation of subsequent equipment, changes in demand, and the cost support brought about by changes in the crude oil market.
If you have any enquiries or purchasing needs, please feel free to contact SunSirs with support@sunsirs.com.
- 2025-07-31 SunSirs: China PET Bottle Flakes Price in July Showed a Trend of first Suppressing and then Rising
- 2025-07-21 SunSirs: Cost Support has Strengthened, China PET Bottle Flakes first Weakened and then Rose Last Week (July 14-18)
- 2025-07-14 SunSirs: Cost Side Weakens, China PET Bottle Chip Prices Decline (July 7-11)
- 2025-07-07 SunSirs: The Raw Material is Weak, China Polyester Bottle Chips Prices Shifted Downwards Last Week (June 30-July 4)
- 2025-06-30 SunSirs: Mainly driven by Raw Materials, China PET Bottle Chips Rose first and then Fell back in June
