Most surveyed enterprises plan to return to work before February 1, which has not changed much compared with previous years. Due to the earlier holiday this year, more companies hope to return to work and production earlier. A small number of plants have yet to determine when to return to work, or p Read More

Most plants' shutdown is intensive around Jan 1 or Jan 14 (the 23rd of La Yue, also called "Little (Chinese) New Year," symbolizing the start of the Spring Festival), and a small number of plants would shut around Jan 16 (the 25rd of La Yue). According to the condition in November and December 2022 Read More

First of all, spot transactions have drawn significantly increasing attention of the market, since starting 2023 part of contract buyers switch to secure cargoes from the spot, and some CPL suppliers (other than Sinopec and Nanjing Fibrant) changed their contract pricing basis from the Sinopec's set Read More

Though the rise in CPL was supported by firming benzene cost and downstream speculative restock, it was still quite “abnormal”, since CPL supply had expanded, when Luxi and Lanhua had both restarted in end-Dec. Observing this round of increase, the abnormal post-holiday rise began with Lunan's aucti Read More

In 2022, China's export share of PET bottle chip rose sharply, accounting for nearly 39% of total consumption. Calculating data from HS code 39076110, China PET bottle chip exports totaled 3.97million tons from January to November in 2022, YOY up 43%. If combine HS code 39076910 and the delivery sta Read More

In terms of operating rate, most PET bottle chip producers operated at high rates in the first half of 2022. Although factories issued production reduction plans gradually due to rising costs and weaker demand in the second half of the year, the overall operating rate remained at a high level, and s Read More