Russia-Ukraine conflict has lasted tens of days and bites all around

Under losses, the plants successively released maintenance plans, including PX, PTA, MEG, PSF and PFY. The operating rate of PSF is expected to drop to about 80% by late Mar from current 86%. Polyester yarn mills have not planned to suspend production with low inventory and sound profit. Now the supply and demand pattern along the whole industrial chain is changed.

Russia-Ukraine conflict has lasted tens of days and bites all around. If crude oil maintains volatile at over $110/b, polyester industrial chain will be challenged and polyester yarn will be more influenced in Apr at the latest