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PTA market sentiments weakens facing more polyester output cut

Author: CCFGroup.com     Time: Sep 12 2018 4:36PM

At the beginning of this week, some polyester plants in Xiaoshan, Shaoxing, Ningbo and Jiangsu provinces have introduced plans to reduce production. This is the second round of intensive production cut in polyester industry since early August, and the products are mainly polyester filament yarn. The polymerization rate dropped from the high point of 95% to the current 88%. The first round of production curtailment was mainly conducted by PET fiber chip, PSF and PET bottle chip plants due to the ...
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