virgin PSF prices kept downward dragged down polyester market

Looking from the operating rate of close virgin PSF plants from 2015, it is seen that operating rate this year is far lower than that in 2017, even close to the level in 2015. Looking back the history, in 2015, the market has been in downward trend in most of the time except Apr, and the capacity of solid re-PSF was idled, especially in the third quarter, virgin PSF prices kept downward dragged down polyester market. However, the feedstock supply was ample at that time, and close virgin PSF could keep a spread with virgin PSF.

But the situation is different this year, the pressure becomes larger.