Polyester companies will face pressure to limit production

Polyester companies will face pressure to limit production due to the 19th Asian Games Hangzhou 2022 and the Dual Control of energy consumption in the second half of 2022. Exports of PET bottle chip are supposed to be stifled after overseas units resumed operation. The performance of PSF and PFY market needs to see the improvement of domestic demand, while domestic demand may see limited growth. The polyester polymerization rate is estimated to be higher than the same period of last year in the second half of 2022 but may be not good compared with pre-pandemic level.