On February 3, Jiangsu Sanfangxiang PET was quoted at 6,210 yuan/ton, and Zhejiang Wankai PET was quoted at 6,210 yuan/ton, down from the previous trading day. PriceSeek analyzed PET with a long-short score of -1. In the spot market, Jiangsu Sanfangxiang and Zhejiang Wankai PET were quoted at 6,210 yuan/ton, down from the previous trading day, reflecting sufficient market supply or weak demand, exerting bearish pressure on spot prices. In the futures market, bottle chips, as a representative of PET, saw the main contract 2610 close at 6,228 yuan/ton, down 24 yuan, with a settlement price of 6,234 yuan. Although trading volume was low, the downward price trend was evident, and the small change in open interest indicated a rise in bearish sentiment in the futures market. Based on the combined spot and futures data, PET prices face a moderate bearish impact, with a decline of approximately 0.38%, which is not at an extreme level, resulting in a score of -1.0.
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