SunSirs: Raw Material Compression, China PET Prices first Rose and then Fell Last Week (May 12-16)

Last week, the price of PET first rose and then fell. According to the price data from SunSirs, as of May 16th, the average selling price of PET (polyester bottle flakes) was 6,155 RMB/ton.

On the cost side, the main raw materials for polyester bottle flakes are PTA and ethylene glycol, and their prices are greatly affected by crude oil. On May 13th, the rise in crude oil prices pushed up the price of bottled chips, while on May 15th and 16th, crude oil prices fell, putting pressure on the price of bottled chips. On the 16th, the decline in international crude oil widened, and both polyester dual raw materials fell within the day, with insufficient support from the PET cost side. The quotation of the polyester bottle chip factory has been partially reduced by 50 RMB/ton, while some have remained stable, and the market focus has slightly declined.

On the supply side, the industry's production has increased, and the supply of bottle chips is gradually becoming sufficient, which puts downward pressure on prices.

On the demand side, although the peak season for soft drink consumption is approaching and there is a demand for stocking downstream, the demand side is currently following up cautiously, and the overall supply and demand pattern has limited support for prices.

Overall, the core driving force behind the price of polyester bottle chips last week came from cost rebound and supply contraction, but the supply-demand contradiction has not fundamentally reversed. The actual trend still needs to pay attention to changes in external news, device changes, and demand recovery in the future.

If you have any enquiries or purchasing needs, please feel free to contact SunSirs with support@sunsirs.com.