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Just as mentioned before, some small and medium-sized polyester companies did not plan to suspend production for turnaround during the Spring Festival holiday but chose to curtail output from the second half of Jan. The strength and time of curtailment was weaker than earlier expectation. In additio
Oil, stock and polyester market all witnessed sharp up-and-down rarely seen before at the beginning of 2020.The polyester polymerization rate was once below 60% in mid-Feb and has gradually ascended to above 80% in early-Mar after more polyester companies resumed operation, which is not ruled out to
The appearance of the epidemic near the Spring Festival hit market and reversed the tendency on polyester market.Downstream companies successively shut down for holiday in mid-Jan, and more polyester units started having turnaround, but most finished maintenance before the Lunar New Year holiday, wi
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
