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Transportation has improved while PFY market was pressed by upstream and downstream market. The comprehensive polymer raw material cost ascended with consolidating oil price, firmly upward naphtha-PX-PTA chain and rising MEG price due to restoring fundamentals. The root was global energy supply issu
By mid-May, the logistics in Zhejiang, Jiangsu, Fujian and Guangdong has been basically recovered to the level in late-Mar. Among production bases of PFY and downstream products, only factories in Jiangyin, Jiangsu was under strict regulation amid the pandemic. Transportation has improved while PFY
PFY market failed to boom in Sep during the traditional peak season, and market players showed weakening confidence in demand after Sep.
Operation recovery of downstream plants Downstream plants were slower in recovering production after Lunar New Year holiday compared with past years, which was mainly because the return of non-local workers was late. With the deeper transfer of manufacturing industry into Chinese inland, many worker
