The Previous Trading Volume Was Largely Driven by Prices Falling To Their Lowest Levels of The Year

However, the previous trading volume was largely driven by prices falling to their lowest levels of the year, with many end-users completing their 2024 purchases early, and some even starting to procure raw materials for 2025. Thus, after the recent upward price movement, the overall market response on the demand side has been moderate. Notably, many traders' clients are medium to small-sized enterprises that are highly price-sensitive, preferring to buy when prices rise rather than fall. This has been a primary reason behind the continued decline in PET bottle chip prices post-National Day and ongoing compression of processing spread.