SunSirs: China PET Prices Rise Across the Board, Signaling Bullish Outlook
April 28 2026 13:59:50 SunSirs (Selena)
On April 27, Jiangsu Sanfangxiang quoted PET at 8,910 RMB/ton, while Hainan Yisheng quoted PET at 8,910 RMB/ton; both figures represent an increase compared to the previous trading day.
According to the report, the spot price for PET on April 27 stood at 8,910 RMB/ton—an uptick from the previous trading session—indicating a tightening balance between market supply and demand, which serves as a bullish factor for spot prices. Corroborating this with bottle-grade PET futures data, contracts traded on the Zhengzhou Commodity Exchange—such as 2606 (closing at 8,450 RMB/ton, up 96 RMB), 2607 (closing at 8,254 RMB/ton, up 106 RMB), and 2701 (closing at 7,356 RMB/ton, up 72 RMB)—all demonstrated an upward trajectory. Trading volume remained active, and changes in open interest signaled strengthening confidence among long-position holders, thereby providing further support for the upward movement of futures prices. The overall price strength reflects an improvement on the demand side, creating a favorable short-term outlook for bullish market sentiment.
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