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Polyester sectorBy January 17, the total capacity planned to shut or cut production by polyester plants totaled around 9.14 million tons/year in Jan, sharing around 15.67%, and around 1.98 million tons/year in Feb (taking up 3.4%). Thus, the aggregated capacity involved was near 15.53 million tons/y
With the approaching of New Year’s Day holiday and Spring Festival holiday, holiday mood turned gradually stronger. Some warp knitting plants in Changshu reflected that the operating rate has declined to 30%.Feedstock market climbed up strongly in Dec, adding heat to polyester market. Spot and futur
Sales of polyester filament yarn have been sluggish for half of month, and the average sales ratio lingers around 10-50% for many days. Stocks of PFY pile up rapidly, and inventory in plants that sold out before is higher, close to the level in early-Jun before price increased.As for PET bottle chip
China's 12 pilot free trade zones (FTZ) have attracted nearly 40,000 foreign enterprises since the first was established in Shanghai over five years ago, a new report showed.Within the period, the zones saw over 600,000 newly-established enterprises in total, according to a report released by the Ch
