2010-11-10
PET bottle chip producers continue to suspend offering and some major producers plan to reduce output on dull sales. The prices are not clear now. If based on 15000yuan/mt prices, the beverage prices will be affected.
China Resources (CRC) lowers the operating rate of its 550kt/yr PET bottle chip units to 70% and also plans to close one150kt/yr PET bottle chip unit later due to high cost.
The export offers remain unclear as no transactions are heard done on the market.
$1=CNY6.65
source:CCFGroup.com
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