On May 18, the quoted price for PET from Jiangsu Sanfangxiang stood at 8,910 RMB/ton, while Zhejiang Wankai’s PET was quoted at 9,010 RMB/ton; both figures represent an increase compared to the previous trading day.

Regarding the spot market, the quotes of 8,910 RMB/ton for Jiangsu Sanfangxiang PET and 9,010 RMB/ton for Zhejiang Wankai PET on May 18 marked an uptick from the previous session. Manufacturers are demonstrating a strong willingness to hold firm on pricing, thereby providing positive support for PET spot rates and bolstering the outlook for spot market trends. On the futures front, the upward sentiment observed in the spot market is expected to transmit to the futures sector, driving PET futures contracts to trade with a bullish bias.

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