11 April 2013 07:57 [Source: ICIS news]
SINGAPORE (ICIS)--China’s Jiangsu Desai Chemical Fiber restarted its 200,000/tonne polyester plant at Jiangyin in Jiangsu province on 10 April, a company source said on Thursday.
The company plans to run the plant at 60% of capacity in 2-3 days, the source said.
The plant was shut on 28 February as a result of weak demand, according to the source.
Producers of polyester staple fibre (PSF), which is a major product of polyester, were weighed on by high inventories and squeezed margins. Consequently, the overall operating rate of PSF factories in China decreased from 70% in January 2013 to 52% in March 2013, market sources said.
However, some factories plan to restart their plants or raised their operating rates because of the increasing sales in April, market sources added.
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