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SunSirs: China PET Prices Rise narrowly (May 14-21)


According to the analysis system of the commodity market of SunSirs, as of May 21st, the price of PET water bottle grade has been operating in a narrow range with a relatively strong trend. Currently, the average price is 7,170 RMB/ton. Last week, PET prices remained stable with a moderate to strong trend, with average support from the upstream cost side and slow follow-up from downstream demand. Last week, the main focus was on digesting the previous period's increase. Currently, the mainstream price range of water bottle grade PET in the market is around 7,200 RMB/ton, and the price of fiber grade PET in the market is 6,800 RMB/ton.

PET analysts from SunSirs believe that the PET market is expected to maintain its current trend in the short term.