Macroeconomics 1. [Monetary Policy] The People's Bank of China (PBOC) has issued its "15th Five-Year Plan for Reform and Development" alongside nine supporting action plans for

On August 5, Jiangsu Sanfangxiang quoted PET at 7,280 RMB/tonne, and Zhejiang Wankai quoted it at 7,380 RMB/tonne; both prices represented a decline from the

1. Today's market situation Domestic spot market PET bottle chips rebounded slightly and rose today, driven by the strengthening of crude oil and PTA. Low inventory supported

On August 3, Jiangsu Sanfangxiang quoted PET at 7,530 RMB/tonne, and Zhejiang Wankai quoted PET at 7,600 RMB/tonne; both prices represented an increase over the

In July 2026, the price of water-bottle-grade PET PET chips in East China exhibited significant volatility. Prices dipped slightly to a monthly low at the

On July 29, Jiangsu Sanfangxiang quoted PET at 7,430 RMB/tonne, and Zhejiang Wankai quoted PET at 7,470 RMB/tonne; both prices increased compared to the previous

I. Market Overview and Key Spot Prices (East China mainstream, ex-factory, tax-inclusive) 1) Spot Market (Virgin Water-Grade Bottle Chips) Factory List Prices: Quotes lowered rapidly; mainstream offers

I. Key Price Data for the Day (Closing) 1. Bottle-Grade Chip Futures (PR Main Contract): Closed at 7,360 RMB/ton, up 122 RMB (1.68%) for the day.

Last week, bottle-grade PET chips experienced a wide-range fluctuation, initially rising and then falling. At the beginning of the week, cost expectations boosted prices, leading

On July 16, Jiangsu Sanfangxiang quoted PET at 7,350 RMB/tonne, and Zhejiang Wankai quoted it at 7,480 RMB/tonne; both prices represent a decline from the

On July 16, Jiangsu Sanfangxiang quoted PET at 7,350 RMB/tonne, and Zhejiang Wankai quoted it at 7,480 RMB/tonne; both prices represent a decline from the

On July 13, Jiangsu Sanfangxiang quoted PET at 7,190 RMB/tonne, and Zhejiang Wankai quoted PET at 7,300 RMB/tonne; both prices increased compared to the previous

Last week (July 6–10), the market for PET bottle chips exhibited a pattern of rising followed by a pullback, characterized by narrow-range fluctuations and a

On July 8, Jiangsu Sanfangxiang quoted PET at 7,120 RMB/tonne, and Zhejiang Wankai quoted PET at 7,200 RMB/tonne; both prices increased compared to the previous

As of July 7, the polyester bottle chip market exhibited volatility with an upward bias and slight gains. According to SunSirs price data, mainstream negotiated

I. Key Project Information Germany’s MAK Group is investing $550 million to establish an integrated PTA and PET complex in the Sohar Port Freezone in Oman.

I. Overall Price Trends for the Month (June 1–29) Spot Prices (Water-grade bottle chips, East China, tax-inclusive, delivered) Opening (Early June): 7,950–8,070 RMB/ton; the market continued the

I. Key Market Data (Futures & Spot) 1. Futures Market (PET Main Contract) Closing Price: 6,630 RMB/tonne; a sharp single-day drop of 294 RMB (-4.24%). Intraday Volatility: Ranged

In the early hours of June 15 (local time), the Iranian Ministry of Foreign Affairs announced that, following months of protracted negotiations, Iran and the