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Views: 0 Author: Site Editor Publish Time: 2019-08-15 Origin: Site
Thirdly, the cost support from polyester feedstock is expected to be soft.
Operating rate of polyester stays at low level, while that of PTA is at 90% or above. As a consequence, PTA inventory may accumulate in Aug. In addition, 2,200kt/yr PTA capacity is planned to come on stream in Sept. Therefore, direct-spun PSF may hardly gain support from cost side.
As a whole, if end-user market does not improve largely, direct-spun PSF will drop to year’s low. It may not recover until the bearish factors in the market are consumed.