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China regained cost advantage and export sales increased substantially
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China regained cost advantage and export sales increased substantially

Views:0     Author:Site Editor     Publish Time: 2019-07-08      Origin:Site

PET bottle chip export order intake totaled 320kt in May, and trading focused on the second half month. Jun export order intake is assessed at 250-300kt. Late May-H1 Jun, overseas competitors in South Korea, India and Southeast Asia reacted slowly toward the export price, while China export value closely followed feedstock trend, hence Sino-foreign price spread enlarged rapidly. China regained cost advantage and export sales increased substantially.



China exports to major destinations was steady, largely marking y-o-y growth. Details refer to below figure.


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