The operating rate of PTMEG plants recovered apparently in end-Dec

The operating rate of PTMEG plants recovered apparently in end-Dec and that of spandex producers started rising obviously in Jan. Increasing fabric mills cut or suspended production but stocks of spandex decreased prominently driven by the replenishment. Spandex plants showed higher production activity with low cost, low inventory and the expectation of demand. The operating rate of spandex plants has been increased to around 70% from below 60%. Some plants are still ramping up run rate. The operating rate of spandex plants is likely to rise by near 20 percentage points by mid-Jan compared with end-Dec strongly supported by the growing demand