In January xxxx, the Recycled Polyethylene Terephthalate (R-PET) market in China experienced significant price fluctuations, mainly because of a series of supply and demand dynamics. Throughout the month, R-PET prices were influenced by excess supply, varying domestic and export demand, and changes in production operations by both upstream and downstream manufacturers.
At the beginning of the month, R-PET prices remained stable, indicating balanced market conditions supported by consistent production and steady domestic demand. Manufacturers maintained operations while taking input cost pressures to retain competitiveness during the post-holiday period. Despite constant domestic activity, reduced export demand continued to affect the market sentiment, posing challenges for those R-PET manufacturers relying on export markets.
In the second week of January, R-PET prices decreased by x.xxx. This reduction was because of an oversupply in the market, rising from the enhanced availability of scrap PET materials, which reduced the production costs...
