On February 5th, Jiangsu Sanfangxiang PET reported a price of 6,280 RMB/ton, while Zhejiang Wankai PET reported a price of 6,240 RMB/ton, an increase from the previous trading day.

The article reports that on February 5th, the spot price of PET increased compared to the previous trading day, with Jiangsu Sanfangxiang quoting 6,280 RMB/ton and Zhejiang Wankai quoting 6,240 RMB/ton, indicating an increase in market demand or tightening supply, which directly benefits spot prices. Based on the futures data of PET corresponding products, such as the settlement price of 6,142 RMB/ton for the 2605 contract on the Zhengzhou Commodity Exchange, although it rose or fell by 8.00 RMB on the same day, the upward trend of spot prices may drive the improvement of futures market sentiment and push prices upward, which has a positive impact on the overall commodity price.

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