The PET market price is stable and slightly weaker (8.17-8.24)

According to the analysis system of the commodity market of the Business Society, as of August 24th, the price of PET water bottles has been stable, with an average price of 7320.00 yuan/ton. Compared to the same period last week, the price has been mainly stable, and the market supply and demand are balanced. Currently, the mainstream price is around 7200 yuan/ton.


This week, the domestic PET price remained stable and weak, with a narrow range compared to the same period last week. Currently, the focus of negotiations is stable and the mainstream price is around 7200 yuan/ton. Downstream restocking is on demand, and the negotiation atmosphere is average. Manufacturers mainly offer discounts and take orders, while upstream cost support is average, and stable operation is the main trend.


Rubber and plastic commodity index: On August 23, the rubber and plastic index was 674 points, an increase of 2 points from yesterday, a decrease of 36.42% from the highest point in the cycle of 1060 points (2012-03-14), and an increase of 27.65% from the lowest point of 528 points on April 6, 2020. (Note: The cycle refers to the period from December 1st, 2011 to the present).


PET analysts from Business Society believe that the PET market is expected to operate in a narrow and weak range in the short term, with prices remaining around 7200 yuan/ton.