Polyester market fundamental was slanting medium compared with the corresponding period of last year

Polyester market fundamental was slanting medium compared with the corresponding period of last year.

Polyester downstream market
As for the holiday schedule of downstream market, some plants put the holiday ahead of schedule, but the overall run rate of downstream market changed little compared with last year. 30% of downstream plants put holiday schedule for the Spring Festival near 15 days before the Spring Festival.

In view of the capital recouping of downstream market, the recouping was slightly slower and weaker than the last year. Some downstream plants reflected that only 40-50% of payment was collected by now, which was mainly because end-users saw unsmooth sales and mounting stocks.