First, the price trend
According to the data monitored by the business community, on August 6, PET water bottle manufacturers quoted 9917 yuan / ton, the overall price rose 400-500 yuan / ton, today’s overall increase of 3.48%, PET market rose sharply.

Second, the cause analysis

Product: The actual demand for PET in the near future is still acceptable, and the overall transaction is relatively stable. The market stocks have been consumed, and the price of PET companies has shifted upwards and their attitudes are optimistic. The mainstream price range of PET water bottle manufacturers is 9900-10150 yuan / ton.

In terms of industrial chain: Recently, the price of raw material PTA has soared, the large factory has stopped production and maintenance, some of the construction load is medium, the terminal production and sales are considerable, the procurement is positive, the social inventory is reduced, and the supply is in short supply. At the same time, PTA futures continued to rise, pulling the spot market, the overall increase of 11.01%, a record high of nearly four years. The raw material ethylene glycol fluctuated and rose, with an overall increase of 1.81%. Affected by the upstream raw material support, the conduction effect, PET market has risen sharply, the increase rate reached 5.06%, the industry chain is full of red, the industry is in a sharp rise.

On August 5th, the rubber and plastics index was 819 points, which was the same as yesterday. It was down by 22.74% from the highest point of 1060 points (2012-03-14) in the cycle, which was 42.19% higher than the lowest point of 576 points on December 21, 2015. (Note: Cycle refers to 2011-12-01 to date) The overall market of the rubber and plastics industry has risen sharply.

Third, the market outlook

PET analysts in the business community believe that the rubber and plastics industry is in the overall upward trend, and PET products are in line with the big market. Affected by environmental protection policies, the overall operating rate of PET is at a low level, spot stocks are tight, and demand is acceptable. At the same time, the price of raw material PTA has risen sharply, supported by many favorable factors. The quotation of manufacturers has shifted upwards. It is expected that the PET market will rise sharply in the short term, and the mainstream quotation range is 9900-10300 yuan/ton.