Eastern China market polyester bottle chip prices decline

As of the time of publication, the East China market for polyester bottle flakes closed at 8,440, with a change of -125. The outlook for the US-Iran negotiations is optimistic. Crude oil has pushed chemical products lower; cost support has collapsed, pulling down the focus of the polyester bottle flakes market. For May–June supply, offer prices were 8,300–8,650, or futures contracts at 2607 with a premium (riser) of 550–700, with bids at 8,300–8,400; some were slightly lower at 8,300–8,450, or 2607 with a premium (riser) of 500, with bids at 8,150. (Unit: yuan/ton) (Longzhong Information)
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