Polyester products net exports grew to a total of 69kt in May, With PET bottle chip and PET fiber chip contributing 55kt. PFY net exports increased 10kt plus, PET film export maintained steady, while PSF exports sustained negative growth.
For PET bottle chip, South Korea, India and Southeast Asia markets generally revised down export price in Apr, while China PET resin price was at high rates, hence the enlarging China-overseas spread led to poor order intakes. Afterward, as China materials retreated to low rates, export sales recovered somewhat. PFY and PSF exports didn't recover much in May, hence seems not entirely price to blame.
