US and Iran announce a two-week ceasefire, spot PET prices plummeted by over 400 yuan per ton today.

Geopolitical tensions have eased, leading to a sharp drop in crude oil and polyester raw materials prices today. Combined with weak downstream demand, PET market prices have fallen significantly by over 400 yuan/ton. Overall, with raw material support weakening and spot circulation tightening, PET market prices may experience a short-term downward adjustment. The actual trend will still depend on changes in external news, plant operations, and actual demand.