China Domestic PET Spot Prices Raised on July 13

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On July 13, Jiangsu Sanfangxiang quoted PET at 7,190 RMB/tonne, and Zhejiang Wankai quoted PET at 7,300 RMB/tonne; both prices increased compared to the previous trading day.

With quotes rising to both Jiangsu Sanfangxiang (7,190 RMB/tonne) and Zhejiang Wankai (7,300 RMB/tonne) relative to the previous trading day, major producers are demonstrating a strong willingness to maintain price levels. This provides bullish support to PET spot prices, pointing to a firm direction in the short term.

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