Polyester polymerization rate has been remaining low due to weak demand and power restriction due to high temperature

Polyester polymerization rate has been remaining low due to weak demand and power restriction due to high temperature. Aug average polymerization rate is estimated at around 82%. With the temperature decreasing slightly, some cities have loosened power restrictions. Operating rate in downstream looms in Zhejiang and Jiangsu has increase. Operating rate of DTY units has increased to around 62%, fabric mills to around 55% and dyeing machines to around 57%. PFY sales improved Tuesday with the average ratio around 380-390%. However, it is uncertain whether the sales ratio could continue this momentum