Under large profits losses, some recycled bottle flakes producers stop productions or transfer productions. Most recycled bottle flakes producers sell at low price while re-PSF plants are still in low purchasing interest. Recycled bottle flakes market comes into stalemate. Meanwhile, with sluggish demand and declining cost, re-PSF price is likely to move down further. Re-PSF plants should purchase further when feedstock price lowers.

$1=CNY6.68

source:CCFGroup.com