China PET bottle chip export order intake has improved again since November 2023

On the export side, China PET bottle chip export order intake has improved again since November 2023, with an average monthly export order intake exceeding 380,000 tons. Recently, in Europe and the United States, due to energy, labor logistics costs and other reasons, the operating rate of PET bottle chip produces is relatively low and the price remains high. The price spread between Asia and Europe and the United States remains high. Taking into account the longer shipping schedule and the advent of the peak demand season and other reasons, many traders in Europe and the United States purchased intensively from Asian.