Domestic PET market deadlock and consolidation

The domestic bottle grade PET market has shown a sideways consolidation trend, with the raw material PTA market being stable and relatively strong. The cost side supports the bottle sheet market, while downstream demand has recovered slowly. The follow-up of actual transactions has been delayed, and the overall trading atmosphere in the market is relatively flat, with a mediocre performance in actual transactions. At present, the quotation reference for the East China region is between 6400-6600 yuan/ton self pickup; The quotation reference for the South China region is around 6500-6700 yuan/ton for short delivery. It is expected that the polyester bottle chip market will be mainly weak in the short term.