Chinese factories suffered a lot of losses on high freight rates in the early days

Generally speaking, although Chinese factories suffered a lot of losses on high freight rates in the early days, and many buyers turned to factories based in India and Southeast Asia, in terms of the performance-to-price ratio and long-term transportation, many major foreign customers still choose to purchase from Chinese manufacturers. In 2021, it’s of big chance for China PET bottle chip exports to break through 3 million tons.