According to the analysis system of the commodity market of Shengyishe, as of February 29th, the price of PET water bottle grade has mainly declined narrowly. The current average price is 7220.00 yuan/ton, a decrease of 0.82% compared to the same period last week. This week’s decline is about 60 yuan/ton, a decrease of 0.14% compared to the same period last month. Currently, the mainstream price is around 7300 yuan/ton, and the overall market supply and demand are balanced.

This week, domestic PET prices have slightly declined, with a decrease of 0.82% compared to the same period last week. International crude oil prices have been in a downward trend this week, with weak fluctuations in raw materials, lack of support on the cost side, and insufficient upward momentum. Downstream customers have a strong wait-and-see atmosphere, and the procurement atmosphere is not good. Manufacturers are actively shipping, and the market trading atmosphere is stagnant. The overall market price has been narrow and volatile, and operators are cautious in their operations.

Rubber and Plastic Commodity Index: On February 28, the rubber and plastic index was 682 points, unchanged from yesterday, a decrease of 35.66% from the highest point in the cycle of 1060 points (2012-03-14), and an increase of 29.17% from the lowest point of 528 points on April 6, 2020. (Note: The cycle refers to 2011-12-01 present).

PET analysts from Business Society believe that there is limited upward space in the PET market in the short term, with mainstream prices remaining around 7300 yuan/to

n.