with increasing energy price and on the back of the Dual Control of energy consumption

All in all, with increasing energy price and on the back of the Dual Control of energy consumption, higher cost and profit were transferred to the next sector since Sep on the polyester value chain. The processing fee of polyester products and grey fabrics and the printing and dyeing fee moved up, as well as post-finishing fee. It is fabric purchasers who finally pay for it. In long run, rising cost is supposed to be a tendency amid the Dual Control of energy consumption and the increment may be big in short run. Whether downstream buyers will buy in Nov-Dec still needs further observation. The operating rate of DTY units, fabric mills and printing and dyeing plants may be stabilized at 50-60%, 60-70% and 70% respectively in the second half of Oct in Zhejiang and Jiangsu, which may be steady-to-higher in the following months if the regulation of energy consumption sustains.