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PET bottle chip market may destock in Q1. After the new capacity coming on line, Mar output may ramp up to above 950kt, which means if excluding 300-400kt for export and 500-700kt for domestic sales, bottle chip factory's spot inventory is likely to be negative, and the intermediate circulation cann
PET bottle chip market performed well in the fourth quarter of 2021 and companies still saw high profit and low inventory now. In the first quarter of 2022, PET bottle chip companies is expected to witness ample orders, high profit and little turnaround. Performance may be moderate in the second qua
PET bottle chip demand totaled 4.24 million tons in Jan-Sep 2019, y-o-y growing 5%, a little bit slower from a year past. Soft drink still takes the dominant share, possessing 79% of China domestic demand. Edible oil demand for PET increases 1% on year, while PET sheet and other demand for PET grows
Feedstock experienced the excitement of riding roller coaster in the past week, mainly due to volatile crude oil. So far, bearish sentiment prevails in the market, PET bottle chip offer largely moves downward. However, sales ratio is constantly low, affected by slack beverage demand. PET bottle chip
