Recycled chemical fiber market evolvement and outlook
——Hao Shangkun,Product Manager of CCFGroup

Mr. Hao introduced the new changes in recycled polyester fiber industry. Firstly, the industry was largely steady with marginal upturn. Secondly, imports and exports were under pressure. Thirdly, the products were evidently polarized. 

Then Mr. Hao shared forecast about the development of recycled polyester fiber in the future. Raw material supply is expected tight while recycling rate should be improved. Recycled PET imports are unlikely to continue increasing due to the expectation for adjustment of H.S. code and supervision. After crude oil and virgin PET chip prices rise, recycled PET will regain price advantage. Demand is supposed to recover while application in industrial products is of great potential.