PET flakes further downward space to be limited

From early Sep to end Oct, prices of PET fiber chip rose from 6,200yuan/mt to 7,450yuan/mt, and that of hot washed blue and white flakes for HC re-PSF (after-tax) climbed up from 4,950yuan/mt to 5,850yuan/mt. However, during this round of decline, PET fiber chip prices have declined to 6,300yuan/mt, and hot washed flakes for HC re-PSF prices slipped to 5,300yuan/mt. PET fiber chip saw larger decrease, but the price spread between the two products remain around 1,000yuan/mt. Cold washed flakes prices saw smaller increase previously, up from 4,200-4,300yuan/mt to 4,800-4,900yuan/mt, and prices also decline recently.