Why did polyester polymerization rate increase instead of decrease

The news of production curtailment kept emerging in Sep, even earlier in Aug. PFY companies faced big inventory burden in 2022. With strong feedstock price in Sep, most polyester companies suffered losses, excluding PET bottle chip producers. Under such circumstance, many factories strongly intended to scale down output. The polyester polymerization rate in Sep also incarnated the production curtailment. Actually, some big companies also slashed outpour in Oct.

However, the production of some polyester companies also obviously increased in Oct.

The circulation of spot PTA was tight in Sep impacted by the typhoon and some other factors. Some polyester companies encountered the pressure from inadequate feedstock and some slashed production. In Oct, the circulation of spot PTA gradually improved. Some units who cut production earlier resumed production, including PSF, PET bottle chip, BOPET and PFY factories.