From the prospective of re-PET feedstock

From the prospective of re-PET feedstock, prices tick up since May driven by rising oil and virgin polyester prices. Prices of recycled PET flakes for re-PSF, like hot washed blue and white flakes for HC re-PSF and cold washed flakes, climb up by 300-500yuan/mt overall. 3A-grade white flake prices rise by 200-300yuan/mt. Popcorn prices tick up by above 800yuan/mt due to higher prices of polyester drawing waste. In mid-Jun, oil prices slump, as well as virgin polyester prices, so recycled PET flake prices go downward, to the level in early May by now. for popcorn, prices are relatively firm despite of a lower price. For the trend in the first half year of 2022, popcorn prices are basically 200-400yuan/mt lower than hot washed blue and white flake prices. Nevertheless, since late Jun, the popcorn prices are higher than hot washed blue and white flakes, mainly because of the lower volumes of polyester drawing waste under the low operating rate of polyester plants and downstream twisting plants