On December 4th, Jiangsu Sanfangxiang PET reported a price of 5,730 RMB/ton, a decrease from the previous trading day, while Zhejiang Wankai PET reported a price of 5,800 RMB/ton, unchanged from the previous trading day.

PET (polyethylene terephthalate) spot prices show differentiation: Sanfangxiang in Jiangsu quoted 5,730 RMB/ton, a decrease from the previous day, indicating local oversupply or weak demand; Zhejiang Wankai's quoted price of 5,800 RMB/ton remains unchanged, reflecting the market's wait-and-see sentiment. Based on the data of bottle futures, the settlement price of the main contract 2603 is 5,796 RMB/ton, a decrease of 12 RMB/ton, with a trading volume of 18,622 lots and an increase in open interest of 2,169 lots, indicating increased bearish pressure. Futures prices have generally fallen (such as the settlement price of contract 2604 at 5798 RMB/ton, down 14 RMB/ton), and changes in holdings indicate a bearish direction of capital inflows, strengthening downward expectations. Combined with weak spot prices and bearish futures signals, the market is facing strong bearish pressure and may continue its downward trend.

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