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While capacity is expanding rapidly, the PET bottle chip industry has also witnessed the shutdown, conversion, or elimination of some older facilities. According to CCFGroup statistics, facilities that have been permanently shut down (for more than three months) in 2023-2024 include 250,000 tons fro
In terms of capacity expansion ratio, Yisheng and Sanfame have been the major contributors during these two years. Yisheng has newly invested 1.4 million tons in Dalian and 1.8 million tons in Hainan, totaling 3.2 million tons, which accounts for 41.5% of the total capacity expansion. Sanfame has ne
Acrylonitrile prices are expected to rise in December, driven by the potential shutdown of a unit at Zhejiang Petrochemical and delayed production from new units. This has led to price increases at the high end, with low-end prices gradually following. While traders align their prices accordingly, t
Since the continuous capacity expansion of HC virgin PSF, market pricing has become more flexible, with large producers quickly following suit and smaller factories often jumping the gun. This year, the overall processing spread is decent, and its price is close to that of HC re-PSF, even currently
