• Key YTD moves: Polyester +37%; HW DWP +44%; China-origin HW DWP +42%; medium-grade VSF +36% and high-end VSF +38%.
  • VSF prices see moderate gains: Sateri resumed VSF sales this past week, fulfilling February contracts.
  • VSF operating rate increases to 83%: Operating rates improved as units in West China temporarily came back on stream from maintenance. VSF inventory days remains tight at 12.0 days.  
  • DWP leads YTD gains (+44%), and up 17% w/w: Origin HW DWP price vs. import spread up 8% w/w to USD 202/t. Lyocell-grade pulp was offered at USD 1,270/t this past week. DWP momentum likely to continue due to tight supply and rising paper pulp prices.

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