Guangfa Futures: Middle East situation fluctuates, and benzene follows raw material side with wide-range volatility

In April, as temperatures warm up and combined with limited downstream forward stockpiling at the end of the first quarter this year, demand is expected to increase. It is anticipated that there will be downstream high-priced rigid demand replenishment or concentrated procurement of bottle chips during price dips. At the same time, bottle chip supply will be limited in its increase, so the supply and demand outlook for bottle chips in April is relatively tight, and processing fees are expected to perform strongly. However, due to significant external macro influences, polyester bottle chip prices are expected to continue fluctuating widely in line with raw material prices. (GF Futures)