The Chinese PET bottle export market showed preliminary signs of stabilisation this week, snapping a severe nine-week bearish streak on the back of a synchronised recovery across the upstream energy and polyester futures complex.
Shenhua Baotou Coal Chemical Co., China’s largest coal-based petrochemical producer, recorded a surge in sales during today’s auction, driven by a strategic reduction in starting prices despite late-session volatility in Dalian Commodity Exchange (DCE) futures.