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The polyester polymerization rate is expected to peak while may keep firm for a short period with low inventory, which is estimated to be above 90% in Jun. Feedstock market witnesses modest pressure in terms of supply and demand in Jun. The operating rate of PTA plants is rising, which may advance t
The news of production curtailment kept emerging in Sep, even earlier in Aug. PFY companies faced big inventory burden in 2022. With strong feedstock price in Sep, most polyester companies suffered losses, excluding PET bottle chip producers. Under such circumstance, many factories strongly intended
Polyester polymerization rate has been remaining low due to weak demand and power restriction due to high temperature. Aug average polymerization rate is estimated at around 82%. With the temperature decreasing slightly, some cities have loosened power restrictions. Operating rate in downstream loom
PFY plants faced high inventory and current stocks have reached the high level in 2020 at the beginning of the pandemic. Meanwhile, the losses expanded. PFY plants sped up to cut production, especially leading companies, which dragged down the operating rate.
