CCFGroup's point of view

Generally speaking, the delivery and order intake of PET bottle chip market before the Spring Festival is good, which is relatively advantageous for the factories and price may fluctuate higher after the holiday. Currently, Bottle blowing and PET sheet factories have purchased a relatively sufficient goods at a low level, the willingness to replenish after the holiday is still insufficient, which limits the upward potential of PET bottle chip price to a certain extent. In addition, during the holiday, traders are still suggested to the fluctuations of international crude oil. In recent years, sharp fluctuations often occur during holidays, which also have a certain impact on market sentiment. Market participants are also suggested to pay close attention to the changes in the overseas markets before and after the Spring Festival.