Kaiyuan Chemical: Polyester filament peak-season demand elasticity in Sep-Oct may exceed expectations; remain bullish on polyester filament sector

English summary

### Kaiyuan Chemical: Polyester filament peak-season demand elasticity in Sep-Oct may exceed expectations; remain bullish on polyester filament sector Time: 2026-07-31 00:07:36 Content: Kaiyuan Chemical: Polyester filament peak-season demand elasticity in Sep-Oct may exceed expectations; remain bullish on polyester filament sector Good evening leaders. This week we conducted another grassroots research visit to grey fabric and other companies downstream of filament. Here we update the industry's recent situation and our views. #The demand elasticity of the Sep-Oct peak season for filament may exceed expectations. Since March 2026, significant oil price fluctuations have led to destocking across the entire downstream chain of filament. Previously, the market expected that before the peak season, downstream restocking progress would also be disrupted by repeated opening and closing of the Strait and violent oil price swings. Up to now, it can be said that the intensity of downstream restocking is also minimal. Standing at the end of July, there is no need to agonize over whether downstream will restock; downstream is unlikely to restock now (but the less downstream restocks in the early period, the stronger the Sep-Oct peak season will be). Currently, we only need to look at the real terminal demand during the Sep-Oct peak season. ...