Trader activeness high

Trader activeness high

In addition, traders in the PET bottle chip industry are active. Traders in the daily trading of PET bottle chip are equivalent to the delivery warehouse of the futures market, acting as a reservoir, and the trading volume accounts for about 1/3 of the market. So far as we know, the current total inventory is basically around 1.1-1.2 million tons. Apart from the port inventory of 300-400kt to be delivered for export, and domestic sales to be delivered of nearly 400000 tons, traders only have about 400-450kt PET resin in hand, which are still concentrated within several large traders. The traded price basically follows the factory level or at marginal discounts to factor level. Therefore, for small and medium-sized customers and traders in the market, it’s difficult to build stock or cover short recently, which also means that although the supply of goods in the market is relatively sufficient, the sellers who actually have goods and sell at a suitable price are not very easy to find, which indirectly lays the foundation for PET bottle chip factories to maintain the current high processing spread