On December 16th, Jiangsu Sanfangxiang PET reported a price of 5,660 RMB/ton, while Zhejiang Wankai PET reported a price of 5,670 RMB/ton, both lower than the previous trading day.

The article shows that the spot price of PET has fallen compared to the previous trading day, with Jiangsu Sanfangxiang quoting 5,660 RMB/ton and Zhejiang Wankai quoting 5,670 RMB/ton, indicating sufficient market supply or weak demand, which has a general negative impact on spot prices. The price decline may be due to a slowdown in downstream consumption or increased inventory pressure, which will put pressure on the spot market in the short term.

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