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In the fourth quarter, downstream demand has significantly underperformed compared to last year. After a brief recovery during the traditional peak season in October, downstream demand began to show a gradual downward trend. Some customers mentioned that this year's peak season lasted only a short t
In summary, downstream demand is anticipated to face bigger downward pressure in medium run. The coming rainy day and heat summer weather will drag down the operating rate of downstream plants, which will also challenge the high inventory of PFY later. Many new PET bottle chip plants will start oper
The spread of pandemic is critical to the demand change, especially the pandemic control and prevention in some textiles wholesale markets. Seasonal demand may soften from Nov. Pessimistic view is held toward domestic sales and export of spring textiles and apparels near the Spring Festival holiday.
Downstream demand is supposed to largely increase in traditional peak season Sep and Oct by convention, which may also warm up this year, but the improvement is likely to be pressed. With the expectation of economic recession, weaker consumption and high stocks of downstream and middle stream produc
