Cleaning plants shut down gradually and PET flakes supply is limited

Cleaning plants shut down gradually and PET flakes supply is limited. Recycled chemical fiber plants are hard to procure, and feedstock inventory is generally low. Besides, feedstock supply is supposed to remain tight after the holiday, supportive to recycled chemical fiber market. Recycled chemical fiber prices may be easy to rise but hard to slip. On Jan 13, HTLS close virgin PSF price was 6,620yuan/mt and virgin PSF price was 7,110yuan/mt, with the price spread of below 500yuan/mt. HC virgin PSF price was 7,640yuan/mt and HC re-PSF price in Zhejiang was 7,340yuan/mt, with a price spread of about 300yuan/mt. The price spread was relatively low.