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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
The polymerization rate has started falling in early-May, down to current 91% from 93.8% at the beginning of May, and some plants will have scheduled production cut or turnaround in later period. Actually, some other plants consider to scale down production or have maintenance. Such situation render
Operating rate of twisting units and fabric manufacturing plants in Zhejiang declined to 84% and 75% respectively in end-Apr from 89% and 85% in early-Apr, directly resulting into weaker rigid demand for polyester filament yarn. Besides, speculative demand was insufficient when capital was occupied
