test


Member ID:
Password: 
Stay logged in for 30 days
Forget Your Password?
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 staple fiber market daily (Jan 27, 2022)
Polyester plants turnaround plan near the LNY holiday (updated on
ZCE May contract for PSF futures closes 2.33% higher
Polyester plant operation round-up (Jan 27, 2022)
2021 polyester market review and 2022 outlook
Polyester staple fiber market morning express (Jan 27, 2022)
China polyester market snapshot (Jan 27, 2022)
ZCE May contract for PSF futures opens higher
Petrochemical market morning express (Jan 27, 2022)
Hangzhou Donghua suspends PFY, PSF and PET fiber chip production
 
Research
2021 polyester market review and 2022 outlook
Global cotton: impetus from supply ends, high price drags ...
3A-grade white flakes market development pattern and ...
Spunlace nonwovens industry chain under energy crisis
Driving factors analysis of Chinese cotton prices in ...
Post-holiday forecast for polyester value chain
 
 

娴欏叕缃戝畨澶33010902000742鍙