recycled industry faces the typical dilemma

Currently, recycled industry faces the typical dilemma---lack of feedstock. Based on the operation situation of previous years, many plants predicted previously that PET flake prices might decline in Apr, and recycled chemical fiber sales remained sluggish, especially after the second half month of Mar, so they were not active to purchase feedstock, and feedstock inventory reduced. However, with the multiple epidemic outbreaks and the long influences of epidemic in Shanghai on East China, total supply has been tight, and feedstock prices are firm.