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Before Spring Festival, the cash flow of HC virgin PSF was at 500-600yuan/mt, while after the holiday, it widened to over 1000yuan/mt due to the slump of polyester feedstock.On the contrary, HC re-PSF price kept high due to short supply of feedstock side, and the price spread with virgin one narrowe
In sharp contrast to the decline in the operating rate of re-PSF, it was the improvement of virgin PSF operating rate. It averaged at 84.4% in Jan-Oct 2019 against 82.5% in last Jan-Oct.Currently, the trend of virgin PSF squeezing re-PSF is only reflected in price spread and operating rate, but the
