Theme of PSF industry in 2019: virgin PSF squeezing re-PSF

In 2018, the import ban of re-PET resulted in the rise of the cost and deprived the competition advantage of re-PSF, while in 2019, the falling polyester feedstock created cost edge for virgin PSF. In 2018, some re-PSF plants mixed virgin chips without losses when producing, but in 2019, as the polyester feedstock cost moved down further, the living environment of re-PSF turned worse.

1. Price spread of virgin PSF and re-PSF keeps narrowing.