According to the analysis system of the commodity market of the Business Society, as of November 15th, the price of PET water bottles has been in a weak trend, with a narrow downward trend. The current average price is 7110.00 yuan/ton, a decrease of 0.28% compared to the same period last week. The market supply and demand are balanced, and the mainstream price is currently around 7100 yuan/ton.
This week, the domestic PET prices were weak, with a 0.28% decrease compared to the same period last week. Currently, the focus of negotiations is relatively low, with the mainstream price around 7200 yuan/ton. Downstream restocking is on demand, and the purchasing atmosphere is average. Manufacturers mainly offer discounts and take orders, while upstream costs lack support.
Rubber and plastic commodity index: On November 13, the rubber and plastic index was 675 points, a decrease of 1 point from yesterday, a decrease of 36.32% from the highest point in the cycle of 1060 points (2012-03-14), and an increase of 27.84% 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.
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