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Huatai Futures: Polyester Bottle Flake Raw Material Prices Surged Under Middle East Situation Impact
Affected by the Middle East and Strait of Hormuz situation, upstream raw materials experienced production cuts and reduced capacity. This week, upstream polyester raw material prices surged significantly, with polyester bottle chip factory prices mostly rising in tandem, and processing ranges once surpassing the thousand-yuan mark. Due to large market fluctuations and the impact of force majeure or delayed deliveries from major factories, trading activity in the polyester bottle chip market remained relatively subdued. On the fundamentals side, polyester bottle chip plants continued to restart this week, leading to a slight increase in overall supply. However, mainstream factories reduced some contract volumes, and circulating sources remained tight. Bottle chip factory inventories stayed low, and short-term price increases were smooth, with processing fees expected to remain strong. (Huatai Futures)