While capacity is expanding rapidly, the PET bottle chip industry has also witnessed the shutdown, conversion, or elimination of some older facilities. According to CCFGroup statistics, facilities that have been permanently shut down (for more than three months) in 2023-2024 include 250,000 tons fro
As PET bottle chip production facilities gradually restarted around the National Day holiday, market supply has significantly rebounded. According to CCFGroup statistics, the commissioning of two 750,000-ton plants by Sanfame and a 500,000-ton facility by Yizheng has been postponed until the end of
For recycling volumes of PET flakes, PET bottle chip consumption increased during 2017-2019, and recycling volumes also stepped up year by year. In 2020, recycling volumes dropped apparently under the impact of epidemic and low prices, and in 2021, recycling volumes increased, but still lower than t
Generally speaking, at present, PET bottle chip supply and demand are both in shrinkage. Talking price is a bit stagnated. However, because the epidemic has a great impact on logistics, it’s not ruled out that bottle chip factories may continue to cut down production at later stage, and beverage fac