Close virgin PSF market shares squeezed by virgin PSF

Virgin PSF has been constantly weak since late July, to around 7,000yuan/mt at present, which is close to the quality close virgin PSF or even be lower than the latter one.

Downstream spinning mills witness high product inventory. Close virgin PSF plants have suspended operation or cut production gradually from Jiangyin of Jiangsu, Sichuan and Chongqing to Wujiang, Yizheng and Hebei.