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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 to PET spot prices, resulting in a firm market direction.
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