the logistics in most parts of East China is seriously restricted and ports are congested

So far as we know, the logistics in most parts of East China is seriously restricted and ports are congested, it is difficult for raw materials to enter, and difficult for products to be shipped out as well. Recently, the inventory of bottle factory is obviously rising. As of Apr 8, the average stock level of PET bottle chip factory has risen to near 11 days, partly lower within one week and higher at 15-20 days. The highs are basically found in factories based in E. China. In addition, Anyang Chemical has arranged annual maintenance, and the spot liquidity is quite difficult, which can’t guarantee the consumption of intermediate sectors and end-user customers. This phenomenon can also be seen from the fact that the spot price is still firm at above 8000yuan/mt