downstream edible oil and beverage plants began to intensively build Q1 goods

Recently, downstream edible oil and beverage plants began to intensively build Q1 goods, and purchasing interest over high-priced was scarce after ample stock build. Spot market, producers quoted high but there was no supply, and price was at parity with trader prices. Most PET producers have focused on quote for Jan-Feb goods since last week. Beverage producers still need to buy PET materials for Q1. Previously, most downstream plants purchased Dec-Jan delivery goods, and only few to Feb-Mar. Hence after the Spring Festival holiday, delivery demand for Feb-Mar is still strong. Export market, current quote mainly focused on Feb-Mar goods, with few still negotiating Jan materials.