polyester polymerization rate did not change much compared

Polyester sector
By 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/year in Dec-Feb, sharing 26.6% of the total. The turnaround is intensive in Jan, and the lowest polyester polymerization rate near the Spring Festival holiday is expected to appear in late-Jan.

The operation adjustment during this Spring Festival was slanting high in history, but the polyester polymerization rate did not change much compared with 2019 amid high effective capacity and sparse turnaround. The run rate of polyester market during the month around the Lunar New Year holiday was slightly higher than last year.