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In the first quarter of 2022, companies were under strains with high plant operating rates. In the beginning of 2022, chemical fiber price continued the strength, however, product inventory kept increasing with plant operating rate on the high side. In late Feb, international crude oil prices spiked
Since the second half of 2020, with easing epidemic worldwide, the crude oil price stopped falling and recovered, and returned to the pre-epidemic level in the first half of last year (WTI futures around US$60/barrel). However, the energy crisis thereafter has shown signs of further aggravation, esp
Nanjing Chemical Fiber stops the construction of 160kt/yr VSF plant in Dafeng and plans to build 40kt/yr Lyocell fiber plant with total investment of 822.895 million yuan in Nanjing.
