Operation of NFY plants

The dual control policy also has varying degrees of impact on the production of nylon texitle filament plants. The average operating rate of NFY plants has dropped from 85% in late Aug to 71% in end Sep. The influence is mainly focusing on Zhejiang and Jiangsu province (East China), while Fujian (South China) is so far not evidently affected.

Jiangsu province: Local POY and DTY plants in Hai’an are all closed except Wenfeng, which si now running at 50-60%. So the region’s average load is less than 10%. Wuxi area has no direct impact. NFY plants in Changshu, Wujiang are required to shut or curtail production for 3 days, and some have already closed or curtailed production to below 70%.