Industry News

In 2024, the downstream resumption of work after the Spring Festival could be described as a series of twists and turns, with freezing and rainy weather affecting the return of workers to their posts, and the wish of some bosses to start work early was not effectively realized. However, after the 15th day of the first lunar month, the weather improved, the speed of workers returning to work increased, and the start-up rate of terminal stretching, weaving, printing and dyeing also increased effectively.

After experiencing consecutive days of decline, the PET bottle chip market finally ushered in a long-awaited surge in trading volume in early March. In the first three days of this week, domestic trading volume is expected to exceed 300,000 tons (some orders are still in progress), accounting for about 35-40% of the planned domestic sales volume this month. Among them, the single-day trading volume on Wednesday may exceed 150,000 tons. It brought a little confidence to the fragile market sentiment in the early stage.