HC re-PSF: early shutdown and high inventory

HC re-PSF sales are unfavorable as well this year, so many plants begin suspend operation or cut production from Apr. Currently, inventory in Zhejiang is relatively high, mostly at 20-30 days, highly at 50 days. Therefore, under the slack season, plants are hesitant to raise the prices, and focus on selling. In addition, affected by the epidemic, bottle consumption reduces, and supply of recycled PET flakes is tight. With the demand flow to sheet and 3A-grade white flakes, PET flake prices continue to rise, and some HC re-PSF plants have stepped into losses