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Overall, PET bottle chip plants may sustain price firm within short, and processing spread may improve in the future. Speculative space may be squeezed. Forward orders, particularly for post-Spring Festival holiday delivery ones, market competition may become fierce, in order to lock the high proces
Due to the sharp rise in energy costs, more PET bottle chip plants in the European Union cut back output or shut down. In the fourth quarter, it is estimated that the bottle chip capacity shut down will reach 1.46 million tons, accounting for about 40% of the local total. Among them, Indorama plants
In terms of purchasing cycle, in Q1, on Spring Festival holiday impact, downstream players mainly built PET stock in Jan and Mar. In Q2, market price fluctuated more frequently, in late Apr, end May and Jun, factories saw intensive restocking activities. Since the beginning of Q3 and early Q4, polye
