According to the Commodity Market Analysis System of Shengyi Society, as of January 10th, the average selling price of PET is 6227 yuan/ton, and the price trend shows an upward trend.
Recently, crude oil and raw materials have risen strongly, and PET cost support has been strong. Against this backdrop of rising costs, PET market prices have continued to rise, coupled with low industry processing fees and strong willingness from factories to raise prices. Today, PET market quotations have risen.
Overall, Business Society believes that the cost side support is strong, and the PET market price may fluctuate at a high level in the short term. The actual trend still needs to pay attention to the follow-up equipment, demand situation, and cost support under the traction of crude oil. Looking ahead, starting from the end of December, with the gradual increase in stocking demand during the Spring Festival, as well as the potential increase in operating rates in the oil and PET sheet industries, domestic demand for PET is expected to see a slight increase.
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