test

Member ID:
Password:
Stay logged in for 30 days
Pls change your password according to new rules.
close

login CCFGroup App

Insight | Time: Jan 13 2022 9:28AM  Editor:CCFGroup
Feb to see the low of direct-spun PSF output
 
Text size

During Spring Festival holiday (Jan 31-Feb 6), most large direct-spun PSF plants will not reduce or suspend production. And the capacity of those who plan to cut or suspend production is below 200kt/yr.

 

Firstly, most plants were shut down for maintenance during previous dual control on energy consumption and periodical production reduction. Secondly, current product inventory of direct-spun PSF plants is low, especially that for spinning, and most plants hold orders to be finished at hand. Before the suspension of Huahong, the operating rate of direct-spun PSF plants only inched down to about 80%.


image.png


In end-Jan, Huahong鈥檚 shutdown dragged the operating rate of direct-spun PSF to 73-74%, but it has few impacts on the output. The operating rate averaged at about 81% in Jan, slightly lower than that in Dec, and with the same number of days, Jan output will not be much less than Dec. In early Feb, the operating rate will be relatively low and it may recover to 85-90% during mid- to late Feb, averaging at 83.4%, but there are only 28 days in Feb, so the output will be low.

 

image.png


In terms of downstream spinners, most of them purchased enough raw materials at low prices for pre-holiday use in Dec, but as the price of direct-spun PSF further moves up in Jan, they start to be hesitant to buy, so they do not have adequate raw materials stocks for post-holiday production. Therefore, post-holiday restocking demand is still worth expecting.


image.png


[RISK DISCLAIMER] All opinions, news, analysis, prices or other information contained on this report is provided by analyst of Zhejiang Huarui Information Consulting Co., Ltd (CCFGroup) as general market commentary and does not constitute investment advice. CCFGroup will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
Related Articles
Polyester plant operation round-up (by Aug 11)
Container marine market may lose momentum in Q3?
Polyester staple fiber market daily (Aug 11, 2022)
ZCE Oct contract for PSF futures closes 0.28% higher
China textile & apparel export in Jul 2022
Polyester staple fiber market morning express (Aug 11, 2022)
Petrochemical market morning express (Aug 11, 2022)
China polyester market snapshot (Aug 11, 2022)
ZCE Oct contract for PSF futures opens 38 lower
[The 21st China Hangzhou Chemical Fiber Forum (2022)]
 
Research
Why demand for spandex witness rare negative growth?
PET bottle chip industry development under the epidemic
China's MEG market outlook-H2 2022
PX price spikes - How does PX turn the tide
PTA struggle for direction under rising cost and weak demand
PSF industry development amid ups and downs
 
 

娴欏叕缃戝畨澶33010902000742鍙