Regarding Iranian shipments, the Pars Glycol plant has commenced operations this year and has been operating smoothly, resulting in a significant increase in local supply compared to previous years. However, European demand has remained stagnant, with only a few spot purchases being made, and some d Read More

Starting from May, there will be a gradual increase in the supply of MEG from overseas sources. Based on the current imports this month, it is expected that the import volume will recover to around 520,000-530,000 tons. The main contributing factor to this increase in imported MEG is the influx of U Read More

In the long run, PET fiber chip, as intermediate products, do not face sustained expansionary pressures, so their price differential space is relatively controllable compared to other varieties. From the running in recent years, it is basically impossible to see a complete set of fiber chip unit (ne Read More

Last year, under inventory pressure in the fourth quarter, polyester units had a significant reduction in O/R, with the spinning sector falling particularly sharp. PFY O/R dropped to 50% or even slightly below, but fiber chip O/R did not see an equivalent decline. This situation is the opposite thi Read More

Major PFY exported to India include POY and FDY, followed by PIY, all within the product scope of the BIS certification. Exports of China's PFY to India surged by 266.5% on annual basis in Jan-Apr, 2023, which was stimulated by this news to a great extent. Some players purchased in advance, which wa Read More

India's mandatory BIS certification for polyester filament yarn was first heard in 2020, but the news may have been ignored due to the outbreak of the COVID-19 pandemic. The latest news is that BIS certification will be implemented for polyester POY, FDY, and industrial yarn from July, 2023. It is l Read More