East China PET Bottle Chip Prices Rise on January 29
East China PET bottle chip closed at RMB 6385/ton, up RMB 35/ton. Upstream crude oil and raw materials continued to rise, pushing up PET bottle chip prices. Spot prices are slightly higher than February cargoes, with offers at RMB 6350-6450/ton, slightly higher at RMB 6630/ton, and bids at RMB 6330-6350/ton. February cargoes are offered at RMB 6320-6450/ton or 2604 futures contracts at a premium of RMB 10-40.
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