Though PTA operating rate has recovered slightly, it is still around this year’s low level. Polyester operating rate has dropped to approach the low point during the Spring Festival, and may refresh this year’s low if the dual controls deepens.
1. Low polyester operating rateImpact by the epidemic, the consumption and manufacturing in China slowed down obviously. As of the end of Feb, the operation of downstream textile sector was still extremely low, slightly higher than 20%, hence the small appetite for polyester. In the meantime, polyes