Polyester downstream mills have slashed the operating rate after the resurgence of COVID-19 cases

Polyester downstream mills have slashed the operating rate after the resurgence of COVID-19 cases in China since March. Polyester plants also cut the output due to higher inventory and expanded losses as well as a lack of raw materials due to prolonged large-scale lockdown.

With the full-scale efforts to combat the resurgence, the fabric mills in major textile bases in Zhejiang and Jiangsu are opening up gradually last week, by committing to follow stringent epidemic control measures as the government tries to stabilize industrial and supply chains, while maintaining the "zero-COVID" policy