PET bottle chip detailed developing process: from excessive profit to loss HOLLOW CONJUGATED

PET bottle chip spot value has created new low in 2019, and still has sign of declining. Cash flow once squeezed to negative. Feedstock plunge is a major donor to price fall, while slacker demand in and abroad is the deep roots for the squeezed profit.

We shall recognize the fact that overseas supply shortage has turned to supply surplus, because the closed units gradually resumed working, and the restart of long-term shut plants plus new capacity also functioned on supply.

EU and Middle East markets are the most affected, while the specific data needs to be confirmed by the data released by the Customs later on.