An unabated drop is being witnessed in the polyester raw material market as part of an upshot of declining oil prices. Manufacturers and exporters in the downstream market have taken up a strong wait-and-watch attitude.
The present average operating rate of polyester industry has plummeted to 66 percent. On the inventory front, stock level of polyester filament is sufficient for another 16-20 days and stock volume of semi-dull polyester chips would last for about 13-15 days. On the other hand, inventory level of PET bottle-chips and PSF can sustain operation for nearly 14-16 and 20-23 days, respectively.
Fibre2fashion News Desk - China
marketing@alchempro.com
