East China Market Polyester Bottle Flake Prices Drop

East China Market Polyester Bottle Chips settle at 6325, down by 5. OPEC considers increasing production, crude oil remains under pressure. Raw material prices continue to decline, with some polyester bottle chip factories maintaining stable prices, while others cut by 50. A major factory’s basis is -10, and the market focus slightly shifts downward. March delivery offers range from 6280 to 6450, with some slightly lower at 6240 or futures contracts at 2604 with a premium of 10-90. Bids range from 6225 to 6300 (unit: yuan/ton) (Longzhong Information).

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