Recycled PET flakes supply is tight, and demand is also flown to sheet plants

PET fiber chip prices have risen to 8,500-8,600yuan/mt. PET flakes with better quality are flown to high value-added use, like 3A-grade white flakes and sheet. Demand of PET flakes for recycled chemical fiber reduces, and supply is tight. Though Shanghai eases the COVID curbs gradually in Jun, the liquidity is still limited overall. PET flakes supply, especially in East China, may remain tight in Jun and Jul.