Downstream customers have been used to the price of PIY consistent with the polyester feedstock and bright PET fiber chip market

Downstream customers have been used to the price of PIY consistent with the polyester feedstock and bright PET fiber chip market. Therefore, most held bearish view when feedstock cost extended lower but PIY prices remained high, focusing on digesting PIY prepared before. However, downstream buyers gradually showed divided reactions. Some downstream enterprises gradually accepted high-priced PIY with good orders as they could transfer high cost by raising price, while most purchased PIY only on a need-to-basis or chose to reduce or suspend production