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 inv Read More

Recycled plants are closed for Spring Festival holiday successively, and many plants plan to resume operation around Feb 1 and Feb 5. Nevertheless, recycled feedstock supply remains tight after the holiday, and price spread between virgin and recycled products is likely to maintain low. Read More

2023 is a year of unprecedented complexity, with both the benefits of post-epidemic recovery and the challenge of global recession. On the whole, domestic demand is expected to recover in 2023, and the growth rate will be higher than that in 2022. The overseas demand is not optimistic, and it remain Read More

The capacity expansion of nonwovens industry slowed down in 2022. The capacity expansion in Xinjiang was faster, but that in other areas was slower. The number of total machines reached just above 500 sets, and about 550kt of VSF was consumed by nonwovens in China throughout the year. On the whole, Read More

In 2022, there was minor increase of VSF downstream capacity and vortex-spun yarn was still the main source of growth. Although the overall capacity of spun yarn was increasing, due to the impact of the epidemic and insufficient demand, the operating rate of yarn industry in 2022 was significantly l Read More

VSF capacity of China decreased in 2022 when no new units were put into operation, and some capacities were removed from the list by idling for several years. According to CCFGroup's statistics, VSF capacity of Chinese mainland was 5.13 million tons/yr. The growth rate of VSF capacity expansion has Read More