Operating rate of solid re-PSF and HC re-PSF in 2018-2019

2. Operating rate trends are opposite.

The operating rate of both solid re-PSF and HC re-PSF was lower than that in 2018 except for the large fluctuation during Spring Festival holidays. The operating rate of HC re-PSF was volatile within 60-70% on the whole in 2018 while mostly within 60% in 2019. According to CCFGroup, operating rate of HC re-PSF averaged at 56.3% during Jan to Oct 2019 while at 65.8% in the same period of 2018; and that of solid re-PSF was averaged at 46.7% during Jan to Oct 2019 while at 52.7% in the same period of 2018.