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CITIC Futures: Upstream polyester raw material prices are performing weakly; polyester bottle chip market prices are tracking downward, along with related cost impact

K-LinePoet
Upstream polyester raw material prices are showing a weak trend, and the market prices for polyester bottle flakes are following the decline in costs, with the basis widening significantly within the day. Trading atmosphere is average. Fundamentally, polyester bottle flakes are operating with stable to slightly rising capacity utilization. The peak season is nearing its end, and the appreciation of the Renminbi is putting considerable pressure on exports. Currently, the spot and futures processing fees are beginning to show a compression trend. (CITIC Futures)
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