In a surprising turn of events, the Biaxially Oriented Polyethylene Terephthalate (BOPET) prices in China have unexpectedly shown stability during the Hx of January xxxx despite a bullish PTA feedstock price. This seemingly positive news comes with a stipulation, as underlying factors hint at a potential price hike for BOPET on the horizon in February amidst trade disruption risk.
The current BOPET price stability was attributed to the offsetting effects. Higher PTA costs have helped balance the equation, mitigating the potential increase in production costs due to stable demand in the region. Unfortunately, the current price trend comes at a time when export demand for BOPET was facing headwinds. Global markets, particularly in the Northern Hemisphere, were in their seasonal lull, making buyers hesitant to commit to large orders. Moreover, the demand for BOPET Resin from the downstream PET bottle packaging market remained lackluster, primarily due to...
