decrement may be very limited with the support of seasonality and rigid recycling costs

For bottle bales, previously, prices of rough bottle bales rose from 3,200-3,300yuan/mt to 3,700-3,800yuan/mt, and prices declined recently, but remained at 3,400-3,500yuan/mt. Entering winter season, recycling volumes reduce obviously with lower temperature, so the downward space for bottle bales is supposed to be limited, which may give certain support to PET flake prices. Virgin polyester market may still have downward risks, but PET flakes prices are likely to edge lower, but the decrement may be very limited with the support of seasonality and rigid recycling costs.