On Friday, December 19th, PET polyester bottle flakes rebounded strongly, opening high and moving high. At the end of the week, they significantly strengthened due to cost push, with an average sales price of 5772 yuan/ton for PET The main futures were linked at 5730 yuan/ton (+1.76%).
On the cost side: Crude oil and PX are strong, PTA is rising, and factory quotes are increasing by 50-80 yuan/ton, ensuring smooth cost transmission.
Supply side: Mainstream devices are stable, new devices are being tested, there is ample stock available, and inventory pressure remains.
On the demand side: downstream essential procurement is the main focus, with a strong wait-and-see attitude and cautious trading.
Business Society believes that in the short term, it is expected to continue to fluctuate strongly, with a range of 5700-5780 yuan/ton; Cost support is still in place, but loose supply and off-season demand will constrain growth. Pay attention to fluctuations in crude oil, PTA, and downstream procurement pace.
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