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Chinese PSF market trends weaken
Feb '12
In the just concluded week, Chinese domestic polyester staple fiber (PSF) market prices weakened and turnover conditions declined compared to earlier time.

Operating rate of downstream yarn enterprises has slowly recovered, but demand for PSF was obviously poor. Traders were mostly waiting and watching.

In the week under review, 1.4D semi-dull PSF was quoted at 12,700 Yuan / ton, 1.2D semi-dull was at 12,750 Yuan / ton and for, 13,300 Yuan / ton for 1.2D bright (to be delivered to buyer's destination).

Pre-offers of PSF under February contract from Sinopec Group were 12,500 Yuan / ton for 1.4D semi-dull, 12,550 Yuan / ton for 1.2D semi-dull and 13,100 Yuan / ton for 1.2D bright (to be delivered to buyer's destination).

Fibre2fashion News Desk - China

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