Polyester market faced obviously worse operation environment in 2022

Polyester market faced obviously worse operation environment in 2022. End-user demand remained bleak pressed down inflation outside China and the spread of pandemic in local China. Price of polyester products curved a "V"-shape trend throughout 2022. In the first half of year, price of polyester products moved up in line with the cost side when energy price was in upward correction amid the Russia-Ukraine conflict and hit yearly high in early-June. However, in the second half of year, price of commodities was pressed down after the interest rate of USD dollar was raised. Coupled with ongoing soft demand, price of polyester products slumped and hit yearly low.