Worsening COVID-19 abroad to weigh on polyester export &downstream O/R

The COVID-19 pandemic has been deteriorated overseas, and the total overseas infections have been surpassed those in China now.

Current polyester polymerization rate has ascended to above 81% with eased COVID-19 pandemic in domestic China and increasing production resumption, and the run rate of fabric mills in Zhejiang and Jiangsu rose to near 70%.

Domestic supply has recovered now, but the spread of COVID-19 continued abroad. Market players paid much attention to the influence on the export of polyester products.