plants turn to produce from HC re-PSF to solid re-PSF

In 2021, solid re-PSF market performed well. Since May, 2022, the outbreak of epidemic in Jiangsu made the virgin PSF hard to sell, and in Jun, driven by higher PX market, the price spread between virgin PSF and solid re-PSF enlarged to 1,500-2,000yuan/mt, or even above 2,000yuan/mt. Plants in Hebei, Jiangsu and Zhejiang have turned to purchase from virgin PSF to solid re-PSF. Despite of large price spread, with the oversupplied situation, both HC virgin PSF and HC re-PSF stepped into losses, and some flexible lines were changed to produce solid re-PSF again.