China PET bottle chip price may still have upward strength

In this way, the amount of contracts that can be delivered by the traders is more critical. However, according to common sense, before the third quarter, most traders will not hold too much inventory, basically more players have oversold goods, wishing to use time in exchange for profits. Yet with contract due approaching, market price moved up instead of fall, and many traders were caught off guard. They had to chase up to purchase from factories to fulfill their contract, which indirectly pushed up market prices. During the 9th International PET Industry Forum (2021) held on Sep 23-24, many traders announced to suspend quoting, while some traders still sold nearly 20kt goods.