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On the other hand, MEG price soared and polyester feedstock market is expected to be in upward consolidation, which rendered downstream sectors to show higher buying interest. PFY sales improved on Dec 17, and the average sales ratio was assessed to 170-180% till P.M.5:00. Stocks of PFY declined aga
Most fabric mills were cautious in purchasing feedstock when too many stocks occupied lots of working capital and pessimistic view was held toward later demand and price of the whole industrial chain. Fabric mills controlled feedstock inventory at low, so low PFY price was hard to push up procuremen
