the cash flow of direct-spun PSF has room to be compressed
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the cash flow of direct-spun PSF has room to be compressed

Views: 0     Author: Site Editor     Publish Time: 2019-08-15      Origin: Site

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Firstly, the cash flow of direct-spun PSF has room to be compressed.

Recently PTA keeps dropping, followed by direct-spun PSF. But the decrease of the latter is less than that of the former, so the cash flow of direct-spun PSF remains healthy. As PX-PTA spread is compressed close to cost line at 700-800yuan/mt, the decline of PTA may slow down. But for direct-spun PSF, amid accumulating inventory of product, the plants will keep selling with discounts, thus the cash flow is likely to shrink further.



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