Some PET plants in China have curtailed production or lifted maintenance schedules ahead of time. Trading levels increased six to seven per cent compared with the previous low level. PET resin losses enlarged on soaring polyester feedstock. Till November 10, polyester feedstock cost was calculated at 6230.8 yuan a meter, but actual cost is supposed to be higher considering IPA and road transportation fees.

In all, PET bottle chip rigid demand remains supportive, indicating a healthy fundamental. Recent strength in the commodity market has boosted market sentiment. The PET bottle chip market may shortly retain a stable-to-strong tone. Players could eye an year-end plant operating status as well as sustainability of pre-holiday refilling activities.

PET resin demand has seen a gradual improvement since end October as the beverage turnaround season came to an end. Downstream purchasing volume has lifted from a tentative one week to half-to-one month or plus. This heralds a pre-year-end holiday refilling intention on the one side, while on the other, players are concerned over the overheating polyester feedstock cost. Some plants also purchased via diverse suppliers to spread risks.

PTA futures for January deliveries climbed to the limit. PET bottle chip factory stock stands low.