end-user plants set off for holiday successively and market transactions are bleak

Currently, end-user plants set off for holiday successively and market transactions are bleak. PTA and MEG faces inventory accumulating pressure in Jan-Feb, and polyester costs have no big support. Virgin PSF plants run at a high level of 70-80%. Some plants have no plan to shut for holiday, and inventory pressure will pile up gradually. In Jan, underselling is possible to see. After the holiday, demand is expected to be positive somewhat in Feb-Mar.