PET bottle chip delivery volume both in and abroad is expected to be high

Aug 25, 2023

During the summer months, PET bottle chip delivery volume both in and abroad is expected to be high, therefore, reducing production in July and August is not a cost-effective solution. Generally, PET bottle chip factories tend to increase sales volume when raw material cost is high, so they can lock in costs and make profits when raw material prices decline later. This approach can be relatively aggressive, and if there is a sudden surge in PTA prices like what happened in the third quarter of 2018, PET bottle chip factories may find it difficult to make a profit and are at a higher risk of incurring losses.

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