SunSirs: China PET Market Price Rose slightly, Business Focus Moved Up

　　According to the data monitored by SunSirs, as of July 7, the average price of PET water bottle manufacturers was 7,220.00 RMB/ ton. The overall PET market was running smoothly, with a slight upward trend. The quotation of manufacturers increased slightly, up 3.14% compared with the same period last month.

　　Recently, the price of pet market has gone up. Some manufacturers have slightly increased their prices, but the prices have gone up in a narrow range. At present, pet is in smooth circulation. The transaction price is floating on and off the cost line. The the business negotiation focus is narrow and upward. The downstream demand is general, and the inventory is normal. The mainstream price range of PET is about 7,200 RMB/ ton.

　　On July 6, the rubber and plastic index was 791 points, up 4 points from the previous day, down 25.38% from 1,060 points (2012-03-14), the highest point in the cycle, and up 49.81% from 528 points, the lowest point on April 6, 2020(Note: the cycle refers to December 1, 2011 to present)

　　SunSirs PET analysts think: PET prices have risen slightly in the short term and the business negotiation focus is moving upward in China.