Market review of recycled market in 2023

This year, recycled chemical fiber prices fluctuate limitedly. Recycled PSF price range is only within 500yuan/mt. Recycled feedstock supply is tight, and the cost support is relatively strong. Demand is expected to be good in the beginning of the year, but reality is weak. Producers generally face deficits this year or run at the break-even line. Oversupplied situation is obvious, leading to accelerated market restructuring. Some plants withdraw from the market. In 2024, recycled market will continue to expand capacities, and some units may be delayed.