Cost and demand game Today's PET market is making a narrow adjustment.

Today, the PET market prices are relatively strong and fluctuating. This week, the PET market saw fluctuations, but overall prices increased. At the beginning of the week, due to easing tensions in the region, crude oil and polyester raw materials plummeted, leading to a decrease in PET market prices. However, after Trump hinted at taking swift action against Iran, crude oil quickly soared to new highs. Coupled with expectations of reduced production in TA, PET costs were strongly supported, and with tight spot availability, PET market prices stopped falling and rose significantly. Considering weak downstream demand support, further upside potential may be limited. Overall, in the short term, material support is relatively strong, and with tight spot availability, PET market prices are still well-supported. The actual trend will depend on future changes in external news, equipment adjustments, and actual demand.