From July to November in 2022, China imported a total of 5.8076 million tons of PE, with an average monthly import volume of about 1.1615 million tons, while the average import volume in the first half of 2022 was only 1.0946 million tons. It can be seen that the overall import volume in the second Read More

In 2022, the operating rate of polyester plants was high at first but declined later. In the first quarter, the polyester polymerization rate gradually increased when the crude oil and petrochemical cost was expected to ascend, hitting yearly high at 95% in mid-March. However, with weaker external e Read More

Polyester market faced obviously worse operation environment in 2022. End-user demand remained bleak pressed down inflation outside China and the spread of pandemic in local China. Price of polyester products curved a "V"-shape trend throughout 2022. In the first half of year, price of polyester pro Read More

Polyester market saw sharply falling sentiment in 2022. The market fundamentals apparently changed. Above 5 million tons of new units started operation and the growth rate of capacity kept rising compared with 2021. However, the polyester production saw negative growth in 2022. In addition, polyeste Read More

In 2022, the macro-environment is complex and changeable. In the first half of the year, the energy price rose sharply under the outbreak of Russia-Ukraine conflict, resulting in the continuous fermentation of overseas inflation problems. In the second half of the year, under the aggressive interest Read More

DTY plants, fabric mills and printing and dyeing plants are busy in tail-in work now. The dyeing plants have stopped feeding and most will suspend production between Jan 5-10. Almost all small DTY plants and DTY plants will suspend production near the New Year's Day holiday. After the production st Read More