Shouchuang Futures: Thailand initiates anti-dumping investigation on Chinese bottle flakes, bottle flake futures prices fluctuate and decline

The Thai Ministry of Commerce’s Department of Foreign Trade announced that an anti-dumping investigation has been initiated against polyester bottle flakes originating from China, following applications submitted by Thai domestic companies.
The quantity of bottle flakes exported from China to Thailand is not large. From 2021 to 2025, Thailand’s share of China’s bottle flake exports remains below 1.5%, with the lowest year approaching 0.75%, having minimal impact on China’s polyester bottle flake exports. Among these, in 2025, China’s export volume of bottle flakes to Thailand is only 74k tons, less than 1.2% of total exports. This anti-dumping investigation is expected to have limited impact on China’s bottle flake exports.
After short-term market sentiment digestion, bottle flake prices are expected to return to supply and demand fundamentals. Currently, major domestic bottle flake producers have announced force majeure and reduced long-term contract supplies, causing export prices to surge and inventories to drop to low levels. It is anticipated that bottle flake futures prices will remain high, with attention to geopolitical developments, plant changes, and shipping cost fluctuations. (First Futures)