Polyester cost and price of polyester products increased during the National Day holiday

Polyester cost and price of polyester products increased during the National Day holiday, with increment of WTI crude oil, polyester feedstock cost and polyester POY150D at 17%, 5% and 4% respectively. On one hand, some PTA and MEG units resumed operation and there are new PTA and MEG units to be launched. On the other hand, the operating rate of downstream plants remained largely flat after holiday. Demand does not stimulate price temporarily.