SunSirs: China PET Bottle Flakes Experienced a Sharp Decline Before Stabilizing Last Week (February 2-6)

Last week (February 2-2.6, 2026), PET bottle flakes experienced a sharp decline followed by stabilization, with futures leading the decline and spot prices resisting; Costs have fallen, supply has slightly increased, and demand has become essential, resulting in weak short-term fluctuations. As of February 6th, according to the price data from SunSirs, the mainstream average spot price in East China is 6,285 RMB/ton.

Cost side: Brent 2.2-2.6 fluctuated weakly, with a price range of about 80-82 US dollars per barrel during the week, which provided insufficient support for the cost of PET raw materials. The raw materials PTA and ethylene glycol weakened.

Supply side: Weekly output of 303,000 tons (+0.38), capacity utilization rate of 65.4% (+0.8%); The tight circulation of spot goods, coupled with factory price hikes and reluctance from holders to sell, has provided support for prices.

Demand side: As the Spring Festival approaches, downstream demand replenishment is the main focus, with 65-75% of soft drinks production, 58% of oil factories, and 55% of PET sheets, resulting in light trading volume.

Market sentiment: capital hedging, high volatility in futures; Due to tight circulation, spot prices have a smaller decline than futures prices, resulting in a stronger basis.

The maximum weekly decline in futures exceeded 4%, and spot prices are relatively resistant to decline, reflecting the structure of "weak futures and strong spot prices". Short term expected to fluctuate within the range of 6,050-6,300, with futures being bearish and spot prices being supported by circulation to resist decline; Focus on crude oil, raw materials, and pre holiday stocking and finishing. In the medium to long term, Business Society believes that the peak demand season may drive price recovery, and pays attention to the pace of post holiday resumption of work and inventory depletion.

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