Among major PSF suppliers for polyester yarn mills in North China

Among major PSF suppliers for polyester yarn mills in North China, Yida has suspended production for nearly two months, and it resumed only 200kt/yr capacity until this week; Sinopec Tianjin has shut down its 100kt/yr unit for several months; Sinopec Luoyang also cut production by 30kt/yr previously. So PSF supply remained tight since Apr. The sudden outbreak of the pandemic in Jiangyin chopped PSF supply for polyester yarn mills in Shandong, Hebei and Jiangsu. As a consequence, the sales of Desai (in Yancheng, Jiangsu Province, a relatively small plant) improved much with sales ratio averaging at 600% in May 4-5, and its offer also spiked to 8,450yuan/mt, flat with first-line plants, which was rarely seen before.