The polyester polymerization rate is expected to peak

The polyester polymerization rate is expected to peak while may keep firm for a short period with low inventory, which is estimated to be above 90% in Jun. Feedstock market witnesses modest pressure in terms of supply and demand in Jun. The operating rate of PTA plants is rising, which may advance to around 84% later. Sanfame and Hengli plans to start operation. Stocks of PTA are estimated to slightly accumulate in Jun. As for MEG market, ZPC, Xinjiang Tianye and Guanghui plan to restart later. The operating rate of MEG plants is likely to rise to above 60%. The stocks of MEG may slightly reduce in Jun.