On August 3, Jiangsu Sanfangxiang quoted PET at 7,530 RMB/tonne, and Zhejiang Wankai quoted PET at 7,600 RMB/tonne; both prices represented an increase over the previous trading day.

The price hikes by Jiangsu Sanfangxiang (to 7,530 RMB/tonne) and Zhejiang Wankai (to 7,600 RMB/tonne) on August 3 provided bullish support for PET spot prices, resulting in a firm market trend.

SunSirs has been continuously tracking price data for over 200 commodities for nearly 20 years, please contact support@sunsirs.com for subscription.