PET bottle chip supply and demand are both in shrinkage

Generally speaking, at present, PET bottle chip supply and demand are both in shrinkage. Talking price is a bit stagnated. However, because the epidemic has a great impact on logistics, it’s not ruled out that bottle chip factories may continue to cut down production at later stage, and beverage factories that are on the eve of the peak sales season may come out one after another to replenish PET stock in the near future to prevent sudden outages. And if there is no turning point over the epidemic by late May, PET sheet and edible oil companies under logistics congestion may not be less entangled than the current beverage enterprises regarding raw material procurement. Therefore, the short-term benefit of the epidemic to the industry is that it reduces the market circulation and slows down the pace of price decline, but at the same time, it may have a greater adverse impact on the industry: the pickup difficulty and the permanent disappearance of some demand.