HS chip sellers had reinforced their contract sales in Apr

IV. Not too bearish on May
But based on the end-Apr condition, the supply-demand structure for polymer sector is improving.

Prior to this, because of the receipt of short orders, most of the CS chip factories had been out of stock in April, and there were only a handful of factories that had stocks. HS chip inventory was indeed reduced in line with the bullish sales of downstream DTY and POY.