In the import origins of PSF, Myanmar appeared in 2017, and the overall imports were not much. In 2019, one HC re-PSF production line in Hangzhou was moved to Myanmar, and has not started production till now. In 2020, imports declined sharply. In 2021, operation was unstable affected by the epidemi Read More
HS code 55032000 is synthetic staple fibers, of polyesters, not carded, including virgin PSF and recycled PSF. And the imports from Southeast Asia and African are mainly the recycled PSF. The following are the changes in recent years. In 2022, imports from Southeast Asia hit a new low in recent th Read More
Large capacity has been affected by the blizzard but the direct impact of supply to China is limited. US MEG exports to China apparently increased in June-September with average supply around 80kt per months. Those cargoes have been gradually arrived in China in end-August to mid-December. Overall s Read More
Some MEG plants in the US were shut down last Friday as power facilities were closed due to the extremely cold weather, including Lotte, MEGlobal, Sasol, Indorama and Shell. The restart depends on the recovery of power facilities. The power facilities might be restored gradually around the end of t Read More
China will implement its prudent monetary policy in a targeted and efficient manner, and will ramp up financial support to domestic supply and demand, in a bid to shore up economic recovery in 2023, the country's central bank said Wednesday. On top of maintaining sufficient liquidity through a combi Read More
The operating rate of existing units may not change much later later. Hengli and Yisheng will remain shut; Fuhaichuang runs at lower rate; Energy Investment and Ineos may not restart in the short term; FCFC Ningbo may shut shortly. The PTA output increment in January may mainly from the new units, w Read More
