August 7 news
According to the SpotCom AI assistant, on August 6, 2026, the technical analysis of PET showed a decline. On August 6, the PET spot price was weak and downward, with some factories lowering their quotes. There was room for negotiation in market transactions, and the spot benchmark price remained at 7627.5 CNY per ton.
Average Deviation Change Table
| Mean Difference Indicator | Today's Value (2026.08.06) | Yesterday's Value (2026.08.05) | Direction of Change |
|---|---|---|---|
| 5-day Mean Difference (D5) | -83.50 | 0.50 | - |
| 10-day Mean Difference (D10) | 18.00 | 68.25 | - |
| 20-day Mean Difference (D20) | -5.38 | 0.75 | - |
Signal status judgment: Clearly falling
Trend Direction Conclusion: Combining the 7-day price trend (on August 3, both Jiangsu Sanfangxiang and Zhejiang Wankai reported rising PET prices; on August 5, both companies reported falling prices) with the moving average difference indicator, the current PET price trend is clearly downward. This is because the 5-day, 10-day, and 20-day moving average differences all showed negative changes compared to the previous day, conforming to the moving average difference method’s rule: “If all three indicators are negative, the trend is clearly downward.”
Spatial reference: The 1-year cycle price is at the median level, the 60-day cycle is in the mid-to-low range, and the 3-month cycle is at the low end. The low range of the 3-month cycle suggests limited downside potential in the short term, while the median range of the 1-year cycle indicates that medium-term prices still have room for volatility.
Trend chart display:
Risk warning: The above analysis is for reference only and does not constitute trading advice.
