PET bottle chip total stock is assessed at 1.2-1.25 million tons

PET bottle chip total stock is assessed at 1.2-1.25 million tons by end Dec, down 550-600kt from end Dec 2021. Editing out exports, domestic contract sales, and large end-user plants purchases, the volume left to small-medium plants and traders is not much. In Q1, PET monthly supply is assessed at 200-300kt, which means PET bottle chip stock is around this level. So far, additional charges like loading and unloading charges in some domestic ports are increasing, and the cost of picking up goods from third-party warehouses may also increase in the future. When factory stock is tight, producers may choose to sacrifice the interests of some customers who do not implement contract in time.