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

login CCFGroup App

Insight | Time: Oct 26 2022 5:57PM  Editor:Dilys Wang
China's PSF exports recover moderately in Jan-Sep, 2022
Text size


According to China Customs, PSF exports of China were about 86,700 tons in Sep, 2022 (uncombed or uncarded), an increase of 38.5% year on year and down 1% month on month. In the first three quarters of 2022, PSF exports totaled 746.4kt, up 8.6% year on year, and down 0.1% compared with the same period of 2019.


The export volumes in Jan-Sep 2022 were favorable overall, especially in Aug, which was the highest since 2019. Since the fourth quarter of 2021, PSF exports recovered somewhat, but the recovery was slow in Jan-Feb affected by the Spring Festival holiday. After Mar, exports kept the growth trend. Till Sep, the export volumes were basically the same with the period in 2019.


The rise in the first three quarters of 2022 was mainly attributed to the higher exports to some major export destinations, like Russia, Mexico, India and Brazil. During Jan-Sep, 2022, the exports to Brazil amounted to 40,829 tons, up 35.74% year on year, that to Russia were 31,023 tons, up 42.39% year on year and that to Mexico totaled 20,550 tons, up 55.40% year on year.


In 2022, China PSF supply pressure is relatively large, and plants are active to seek for exports. On the one hand, the epidemic outside China is under normalization, and operating rate of end-users recovers, having higher demand for textiles. On the other hand, the sea freight reduces, favorable for exports.


In the second half year, the exports are hard to keep growing affected by the US Fed's hike on interest rate, higher USD/CNY exchange rate and tight foreign exchange reserve of major PSF export destinations like Southeast Asia and Pakistan. Exports may be high first but low in 2022.

[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
HC re-PSF plants restart production gradually
China polyester market snapshot (Jan 30, 2023)
China recycled polyester fiber market snapshot (Jan 30, 2023)
China's PSF imports from Southeast Asia and Africa in 2022
Polyester polymerization rate to gradually rise
Fujian Jingwei to restart its PSF plant
Huahong to restart PSF unit
Direct-spun PSF unit maintenance plan of Yizheng Chemical Fiber
Petrochemical market morning express (Jan 28, 2023)
Recycled PET flake & fibers market daily (Jan 16, 2023)
China re-PET market development and production costs ...
Cotton yarn supply-and-demand situation and outlook
Global cotton supply and demand outlook under ...
To "survive" become main short-term goal of chemical fiber ...
Imported cotton yarn becomes a hot potato: Will the market ...
Polyester market short-term trend and industrial ...