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BOPET film plants caught between soaring feedstock
Middle East conflicts have driven crude oil above $100/bbl, pushing PTA, MEG and PET fiber chip prices to new highs while BOPET film prices lag behind. Film margins have fallen to yearly lows of -289 PET bottle chip producers forced into output cuts
China's PET bottle chip operating rate has fallen to around 60%, a five-year seasonal low, as losses force extreme output cuts. However, feedstock cost surges amid geopolitical tensions have Tug-of-war in PET bottle chip market: supply, demand,
Since late August, China's PET bottle chip prices have rebounded by over 1,000 yuan/mt, driven by crude oil gains from Middle East tensions. However, processing spreads have narrowed as cost
