unsold inventory in some contract traders is relatively large

In the intermediate trading link, unsold inventory in some contract traders is relatively large. If they do not take orders in advance, the inventory pressure may be heavy in the later stage, so the price falls rapidly after the National Day holiday. Affected by this, the spot purchasing atmosphere in the PET bottle market cools rapidly after the first working day in October. Meanwhile, although downstream beverage and edible oil producers mainly purchased Q1-Q2 2023 orders, the trading price of few Oct-Nov goods also dragging down the market prices. In the same month, the price discrepancy between large downstream factories and small and medium-sized customers once reached 300-400yuan/mt. Under the influence of such a precedent, recently, some traders adjust the spot price to 7300-7350yuan/mt, which is obviously contrary to the will of bottle chip factories to stabilize spot prices.