Polyester industry: supply/demand decides position, downstream players still passive Hand Knitting Tapered Yarn Producer

Recently, polyester feedstock market was in downward correction, and sales ratio of PFY has been slanting low for a week, resulting into mounting inventory. But the news that the VAT will be revised down from 16% to 13% from Apr 1 heated up the whole polyester market during last Friday. Namely, if P