Polyester feedstock price sharply rebounded last weekend as crude oil rallied and bullish news on MEG futures was released. PET bottle chip price also bottomed out as a result. Will the market begin to rally?Firstly upstream, PX industry of China is running at 68-69%, while of Asia is operation at 7 Read More

Prices of polyester filament yarn plunged since mid-Sep and have declined to the low level in early-Jun when price started rising.Sales ratio of PFY increased in recent days after polyester feedstock climbed up with slightly rising crude oil price, and price reduction of PFY slowed down, even moving Read More

Affected by rebound of PTA and moderate improvement of sales in previous days, direct-spun PSF seems to tend stable. However, the slump of crude oil depressed the market again.Prices of several polyester products moved close to year’s lows and the price spreads with year’s lows are within 500yuan/mt Read More

The traditional peak season “Golden Sep and Silver Oct” in the second half of year turns into “Iron Sep and Copper Oct”, which is a big contrast compared with the first half of year, surprised the market. Sharp up-and-down of feedstock in the third quarter was related with such circumstance but the Read More

China Import and Export Fair, also known as the Canton Fair, the largest trade fair in China, successfully completed its work on Nov 4 in 2018. The popularity and transactions of China Import and Export Fair can reflect the future demand situation. Therefore, we analyzed this Canton Fair and made so Read More

China's refining and chemical industry continues to grow, and its refining capacity has nearly doubled over the past decade. With the implementation of the 13th Five-Year Plan of the petrochemical industry, China's refining capacity will continue to grow in the next few years, but the refinery devel Read More