On January 28, Hainan Yisheng reported a PET price of 6,380 yuan/ton, while Dalian Yisheng quoted 6,410 yuan/ton, both showing a decline compared to the previous trading day. PriceSeek analyzed PET with a bearish score of -1. The article reported that Hainan Yisheng and Dalian Yisheng's spot PET quotations were 6,380 yuan/ton and 6,410 yuan/ton, respectively, down from the previous trading day, indicating ample market supply or weak demand, exerting downward pressure on spot prices. This bearish factor primarily stems from corporate price adjustments, reflecting a short-term weak fundamental outlook, though the decline has not reached a significant level. Therefore, the score is a moderate bearish (-1), and it is recommended to monitor subsequent supply and demand changes.
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