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
PET bottle chip market started downtrend post-holiday since polyester feedstock continuously retreated. Despite the weak price, PET cash flow enhanced markedly. Meanwhile, downstream large volume restocking activity also emerged, how will PET resin market develop in the future? Firstly, polyester fe