On December 25th, Jiangsu Sanfangxiang PET reported a price of 6000 RMB/ton, and Zhejiang Wankai PET reported a price of 6,070 RMB/ton, both of which increased compared to the previous trading day.

The spot prices of Jiangsu Sanfangxiang and Zhejiang Wankai PET were 6,000 RMB/ton and 6,070 RMB/ton respectively, up from the previous trading day, reflecting the tightening of supply or increasing demand in the spot market, which is favorable for the trend of spot prices. Based on the latest data of bottle chip futures (PET related commodities), the main contract 2605 closed at 5,984 RMB/ton on December 24th, up 56 yuan, with a trading volume of 1042 lots and an open position of 2,846 lots, with a change of 376 lots. This indicates that the bullish sentiment in the futures market is stable, and short-term prices are expected to continue to rise. Based on the performance of both spot and futures, this increase is generally positive, but attention should be paid to future supply and demand changes to avoid excessive optimism.

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