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April 23rd, East China market polyester bottle chip prices rise
As of the time of writing, the East China market polyester bottle flakes closed at 8,805, up or down by 65. The US-Iran situation boosted crude oil, coupled with reduced PTA supply, leading to strong raw material performance, and the polyester bottle flakes market followed the upward trend. April offers are quoted at 8,700-8,900 or a futures contract 2606 premium of 500-600, some slightly lower at 8,500-8,650, with sporadic actual orders at 8,450-8,650. Industry sentiment remains cautious, and trading is stalemated. (Unit: yuan/ton) (Longzhong Information)