On January 14th, PET prices in Sanfangxiang, Jiangsu were reported at 6,140 RMB/ton, while PET prices in Wankai, Zhejiang were reported at 6,160 RMB/ton, an increase from the previous trading day.
The article shows that the spot price of PET has increased compared to the previous trading day, with Jiangsu Sanfangxiang and Zhejiang Wankai quoting 6,140 RMB/ton and 6,160 RMB/ton respectively, indicating an increase in market demand or tight supply, which is favorable for spot prices. Combined with the PET bottle futures market, although the main contracts such as 2603 (closing price of 6,098 RMB/ton, up or down -8.00) have slightly declined recently, the rise in spot prices may boost market confidence and drive futures prices to rebound.
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