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🚀 East China PET Bottle Chips Surge on Oil Rally! (June 16, 2025)
🚀 East China PET Bottle Chips Surge on Oil Rally! (June 16, 2025)
📈 Price Jump & Market Pulse
Spot Prices: ↑30 RMB/ton to 6,050 RMB/ton
Factory Offers: ↑80-100 RMB/ton (Crude-driven cost push!)
Key Quotes:
June Shipments: 5,980-6,100 RMB/ton | July Futures at 40 discount ↔ 50 premium
Bids: 6,000-6,050 RMB/ton
July Shipments: 6,000-6,100 RMB/ton
⚡ Why It Matters
Weekend Oil Spike: Fueling aggressive factory hikes 📈
Tight Spreads: Bids testing 6,050 RMB resistance → Can demand catch up?
Forward Signal: July offers align with June → Short-term bullish bias!
💬 Trader’s Dilemma:
Factories hike 80-100 RMB, but bids lag. Who blinks first?
✅ Vote: Will July futures hold above 6,050 RMB?
▪️ Bullish - Oil dominates!
▪️ Bearish - Weak bids = correction coming!
👇 Sound off below!
Source: NOACY Futures | Data as of June 16, 2025
🔍 Pro Tip: Track July contract premiums for early momentum shifts! 💡
