the polyester polymerization rate is expected to be averaged at 86% in Jan

Just as mentioned before, some small and medium-sized polyester companies did not plan to suspend production for turnaround during the Spring Festival holiday but chose to curtail output from the second half of Jan. The strength and time of curtailment was weaker than earlier expectation. In addition, some large PFY companies started raising run rate recently. The polyester polymerization rate did not tend to reduce in the first half of Jan as usual but ascended, with daily high level at 88.4% in H1 Jan.

According to the latest production adjustment plan of polyester companies, the polyester polymerization rate is expected to be averaged at 86% in Jan and the daily low in end-Jan and early-Feb is also estimated to climb up obviously from last estimate, which may be near 82%. Some polyester companies, such as Xinfengming and Tianlong, will have maintenances after Spring Festival holiday in Feb, but the monthly polyester polymerization rate is anticipated to increase apparently than last estimate.