polyester products have suffered the losses except PET bottle chip

Currently, polyester products have suffered the losses except PET bottle chip, and virgin PSF plants begin to curtail production from mid-Mar, mainly for solid virgin PSF. Re-PSF prices have not increased much and some plants even provide discounts to sell, mainly affected by weak downstream demand. For HC re-PSF, plants worry about the demand later as the traditional slack season will come in the second quarter. Sales are mostly thin currently, and traders are not active to replenish. Re-PSF price increase is mild during this round of surging oil prices, and the price spread with virgin PSF enlarges