the cash flow of polyester/nylon composite yarn was tolerable in the first half of 2019

Although price of polyester/nylon composite yarn was basically consistent with feedstock market, the specific time differed somewhat. Price of feedstock market declined in the second half of Apr, but that of polyester/nylon composite yarn was largely steady; thus, the processing gap apparently enlarged and cash flow improved. In the first half of May, price of polyester/nylon composite yarn headed south, narrowing the processing gap, but the processing gap enlarged to high level in the second half of May when reduction speed of polyester/nylon composite yarn was slower than that of feedstock market. In early-Jun, price reduction speed of polyester/nylon composite yarn was higher than that of feedstock market, so cash flow shrank, which substantially narrowed in mid-Jun with rebounding feedstock but falling yarn price. In late-Jun, price of polyester/nylon composite yarn followed the uptrend on feedstock market, so the processing gap was in upward correction. Generally, the cash flow of polyester/nylon composite yarn was tolerable in the first half of 2019.