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Where will the recycled PET market go in December

Recently, the prices of some items of recycled plastics have risen mainly due to the drive of new materials. However, there is no ups and downs in recycled polyester, and the market is in a deadlock. The lack of support in terms of terminal demand and new materials makes the market mentality difficult to be optimistic. Subsequent supply and demand may both turn down. The price of recycled bottle flakes is currently at a relatively low point. It is expected that the market will fluctuate within a narrow range in December. If driven by new materials, prices may pick up, but the extent is limited.

In 2020, the market for recycled bottle flakes is sluggish. There were only two rebounds during the year, and the extent was quite limited. Recently, the prices of some items of recycled plastics have risen mainly due to the drive of new materials. The industry is concerned about whether the recycled PET market will show up in December.

In recent years, the development concept of circular economy and the development of the renewable resource industry have continuously grown into a powerful starting point for economic and social green development. The renewable resource industry has gradually entered the "fast lane" of development under the strong promotion of green and innovative concept upgrades and favorable policies. . But behind the opportunities for accelerated development of the renewable resources industry, challenges and industry resistance still exist. The "restriction order" will block the "foreign garbage" outside the country. Where is the power transmission industry chain at both ends of the supply and demand of the renewable resource industry?

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