Oct 08, 2023
Polyester market has apparently strong resilience this year impacted by various factors. High operating rate of the whole value chain since Jun during the off-season has also sustained for several months. Most companies are unlikely scale down production actively in Sep, excluding those affected by the meeting issue.
The performance is not bad during the off-season as some market players are preparing for the coming peak season in Sep. Sep will come soon, and the expectation of peak season will start fulfilling.
How much increment is created by high polyester polymerization rate?
Compared with the polyester production since 2021,the monthly average production of Jun-Sep, 2023 (based on 90% of polyester polymerization rate) rose by near 1 million tons over the same period of last year, including PFY, PSF, PET fiber chip, PET bottle chip and other related products.