PET Bottle Chip Market Morning Express (Nov 10, 2010)

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