downstream business has not improved with rising futures according to the survey made by CCFGroup

downstream business has not improved with rising futures according to the survey made by CCFGroup. The order change on downstream market should be noted later. Intensively improving sales of PFY in recent period were mainly because of the following reasons: firstly, downstream plants’ PFY stocks have been low and most needed to restock to cover the pressing demand. Secondly, the absolute price of PFY was low after feedstock futures rallied and some players expected demand to warm up in Aug and Sep. As downstream plants intensively restocked and the heat weather slightly cooled down recently, the operating rate of fabric mills is estimated to increase in short run, up to 50-60% from 50%