Processing spread of PET bottle chip averaged at 1466yuan/mt and $189/mt respectively in 2022 (spread=PET bottle chip price-feedstock cost), obviously higher from 2021 level. However, due to the low cost of energy and labor and the technical update of equipment, the unit production cost of some larg Read More

According to CCFGroup statistics, China domestic demand totaled 7.20 million tons, y-o-y down 3-4% and slightly lower than the previous expectation. Among them, sheet producers’ demand for PET bottle chips decreased significantly, with a year-on-year decline of 15%. Read More

The depreciation of the RMB has lasted for more than half a year, and the RMB exchange rate has risen significantly in recent months. On January 9, both the onshore and offshore RMB rose above 6.8 to a five-month high against the dollar. Read More

PP downstream demand continued to be weak, spot prices were hard to rise and high costs and negative profits gradually became the normal. Seeing from the above chart, in theory, the loss of coal-based PP was obvious, followed by MTO PP, and others such as oil-based PP and propane dehydrogenation-bas Read More

In the first half of the year, the core of the market mainly lay in the sharp rise and fall of crude oil under the influence of geographical politics (the conflict between Russia and Ukraine at the end of February and the beginning of March) and the disturbance of the epidemic, while in the second h Read More

In the second half of 2022, CFR China market was greatly affected by the exchange rate. Basically, the monthly trend was not only affected by the RMB futures-spot market, but also partly affected by the exchange rate. This is also the response of the market to balance the price spread between RMB ma Read More