PET bottle chip market performed well in the fourth quarter of 2021

PET bottle chip market performed well in the fourth quarter of 2021 and companies still saw high profit and low inventory now. In the first quarter of 2022, PET bottle chip companies is expected to witness ample orders, high profit and little turnaround. Performance may be moderate in the second quarter. Thus, PET bottle chip producers may postpone turnaround into the second quarter. Currently, Yisheng Dahua’s 700kt/year unit and Far Eastern's 550kt/year plant are scheduled to have turnaround in Apr.