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From early Sep to end Oct, prices of PET fiber chip rose from 6,200yuan/mt to 7,450yuan/mt, and that of hot washed blue and white flakes for HC re-PSF (after-tax) climbed up from 4,950yuan/mt to 5,850yuan/mt. However, during this round of decline, PET fiber chip prices have declined to 6,300yuan/mt,
In the first half year of 2020, PET flake supply is supposed to be tight, as the consumption of soft drinks and mineral water may remain low due to weakness in various sectors, such as transportation, travelling and catering services. Supply of PET flakes is hard to recover to normal level before Ju
As the major purchaser of PET flakes, HC re-PSF plants have not seen improvement this year squeezed by domestic HC virgin PSF and imported HC re-PSF and affected by trade war. Plant inventory has been constantly high, higher obviously compared to the corresponding period of last year, while operatin
Spot PTA prices started to dive in early May, and spot MEG prices have seen downward trend continually since Mar. Polyester feedstock costs collapsed when PTA saw larger decrement.Since early Apr, polyester products showed weakness overall, and prices ticked down generally, which speeded up the decr
