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Sentiment in Chinese PSF market improves
23
Apr '12
The sentiment in polyester staple fiber (PSF) market has improved in recent times. Offers from enterprises mostly remain stable, transaction focus and volumes have enlarged.

Operational rate of PSF industry remains stable, business inventories slightly decline, but stock pressure still exists.

Downstream enterprises have just completed a wave of replenishment procurement.

PX market is also under consolidation, trade volume is moderate, price has changed little from the previous week, and at present the price in Asia is around US $1560.

PTA market is fairly stable, the market shows smooth consolidation, offers for domestic goods are at 8,800 Yuan / ton and negotiation price for foreign goods is around US $1170 / ton.

MEG market appears somewhat weak; transactions are acceptable, mainstream discussion for domestic goods is at 7,500 Yuan / ton, negotiated price for foreign goods is about US $990 / ton.

Fibre2fashion News Desk - China

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