According to the analysis system of the commodity market of the Business Society, as of October 17th, the price of PET water bottle grade has been weak, with a narrow downward trend. The current average price is 7160.00 yuan/ton, a decrease of 0.69% compared to the same period last week. The market supply and demand are balanced, and the mainstream price is currently around 7200 yuan/ton.

This week, the domestic PET price was weak, with a decrease of 0.69% 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 October 16th, the rubber and plastic index stood at 683 points, unchanged from yesterday, a decrease of 35.57% from the cycle’s highest point of 1060 points (2012-03-14), and an increase of 29.36% 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 slightly decreasing and maintaining around 7200 yuan/ton.