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Rayon single yarn exported to five destinations (Brazil, Bangladesh, Pakistan, India and Vietnam) in Sep amounts to 6.017kt, down 35.98% y-o-y, accounting for 85% of total single yarn exports and the percentage has fallen notably. The export to the five countries keeps decreasing, especially that to
From the prospective of feedstock, PX supply is tight, and PTA operating rate is hard to climb up. Some plants still have plan to cut production in Sep. PTA market may focus on de-stocking further in Sep. In terms of demand, yarn inventory in spinning mills remains high currently, but with the lower
