On October 28th, China Resources Polyester's PET price in East China was quoted at 5,850 RMB/ton, remaining stable compared to the previous trading day. Hainan Yisheng's PET price was quoted at 5,780 RMB/ton, an increase from the previous trading day.
The article indicates that China Resources PET's price in East China remained stable at 5,850 RMB/ton, while Hainan Yisheng's PET price rose to 5,780 RMB/ton. This indicates price increases in some areas of the spot market, while overall demand remains stable, which has a slightly positive impact on spot prices. Combined with futures market data, PET bottle flake futures contracts (for example, the Zhengzhou Commodity Exchange's 2511 contract settled at 5,764 RMB/ton, up 46 yuan, and the 2512 contract rose 34 yuan) show increases in settlement prices for most contracts. Changes in open interest and trading volume reflect increased market confidence and rising demand expectations, which are positive for futures prices. A comprehensive analysis of spot and futures markets indicates positive market sentiment, which is positive for PET prices.
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