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PET bottle chip showed two rounds of hike in 2018, overall presenting an “M” shape. According to CCFGroup statistics, water bottle chip price in E. China averaged at 9374.8yuan/mt throughout 2018, and export value averaged at $1234.5/mt FOB Shanghai, respectively up 21% and 55%.Supply: capacity expa
Polyester feedstock price sharply rebounded last weekend as crude oil rallied and bullish news on MEG futures was released. PET bottle chip price also bottomed out as a result. Will the market begin to rally?Firstly upstream, PX industry of China is running at 68-69%, while of Asia is operation at 7
