PET bottle chip price trend analysis after frequent fluctuations

When we play with the ball, it falls from a high place and bounces after touching the ground, and the rebound height is inversely proportional to the number of bounces. PET bottle chip price has been moving in the similar pathway since late Apr.

The market gradually declined late Apr, and rallied more than 700-800yuan/mt near end May. Entering Jun, PET resin demand was a bit slack and price retreated again, but since restocking demand still existed, market price fluctuated up and down frequently.

How will the market evolve?

After several rounds of fluctuations, downstream customers mainly intended to bottom hunting. Some market player said, thanks to feedstock futures volatility, thanks to the restocking activity by PFY players, PET bottle chip factory smoothly took in orders, meanwhile, traders were suffering losses.