downstream demand is weak

Second, downstream demand is weak. Downstream weavers basically finished orders for“double 11”(Nov 11) in late Oct, and then the orders placed to them started to be slack. In the meantime, direct-spun PSF slid sharply. Therefore, end-users generally stood on the sidelines and waited. In addition, the finish of restriction on electricity resulted in quick rise of weavers’inventory and forced them to lower operating rate. At present, weavers hold bearish expectation to local sales and they also do not take many export orders, so they are not keen on restocking polyester yarn.