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The speculators of this round of procurement was not only traditional downstream customers and traders of the industry
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The speculators of this round of procurement was not only traditional downstream customers and traders of the industry

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The speculators of this round of procurement was not only traditional downstream customers and traders of the industry.
Stocks of PFY slipped rapidly among polyester products. Comprehensive stocks of POY, FDY and DTY was averaged at 30-35 days near Mar 20 (especially high in big companies, mainly around 30-50 days) and decreased to 13-13 days, 16-17 days and 22-23 days by Apr 4. The average stocks of POY, FDY and DTY were around 10-20 days. Feedstock prepared by downstream fabric mills and twisting units was divided, mainly around 30-60 days, fewer at around 15 days, and the comprehensive feedstock inventory was near 25 days now. Except for the procurement from fabric mills, twisting units and traders, some owners of hardware, architecture and restaurant also had bottom fishing for speculation.

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