Overall, the downstream demand in the polyester industry chain is indeed recovering, but the performance in overseas markets is not as good as expected and has not brought strong support to domestic sales. At the same time, manufacturers had strong expectations for recovery at the beginning of the y Read More

Is it feasible to rely on exports for help? While Chinese people are hoping for an increase in overseas orders, foreigners are also hoping to take advantage of China's opening up and economic take-off for their own economic recovery. However, the market eventually found that things were not going so Read More

The industry is more competitive, resulting in more intense price competition. On the one hand, industry supply is rapidly growing, and companies are eager to expand their market share in the golden period after the epidemic, reducing costs to compete for more orders may be the first strategy that m Read More

So, will the market price of polyester products continue to fall? We don't believe it will be so pessimistic. In 2023, end-user demand and operating conditions are actually improving year-on-year, and prices throughout the polyester industry chain are at a relatively low historical level. The probab Read More

Recently, market observers have looked to PTA as the main support for whether the polyester industry chain can bottom out and stabilize. However, this is only based on the implementation of PTA plants maintenance and expectations of downstream polymerization rate increase. In actual physical markets Read More

Furthermore, thanks to the enhancement in the cash flow of naphtha-based MEG, the supply of foreign products has moderately risen. PRefChem in Malaysia resumed operations in late May, and the current plant efficiency is acceptable. A few shipments are scheduled to be loaded by the end of May and shi Read More