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HC re-PSF sales are unfavorable as well this year, so many plants begin suspend operation or cut production from Apr. Currently, inventory in Zhejiang is relatively high, mostly at 20-30 days, highly at 50 days. Therefore, under the slack season, plants are hesitant to raise the prices, and focus on
Vietnam started to exert force in 2018. Following the solid waste ban, domestic plants moved to foreign countries gradually. Vietnam has gathered solid re-PSF and a few HC virgin PSF plants. Imports in 2018 soared to 13,113 tons and reached 30,567 tons in 2021. It was mainly attributed to the demand
Firstly, frequent shuts under power rationing. Since May, 2021, plants begin to face power rationing, especially plants in Guangdong market. In Sep, the dual control policy is seen, and many plants are shut frequently, and the situation may last till end year. Moreover, the notices from the governme
Before Spring Festival, the cash flow of HC virgin PSF was at 500-600yuan/mt, while after the holiday, it widened to over 1000yuan/mt due to the slump of polyester feedstock.On the contrary, HC re-PSF price kept high due to short supply of feedstock side, and the price spread with virgin one narrowe
