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Sinopec adjusts PSF pre-offers for July contracts
Jul '12
Sinopec Group has upwardly revised its pre-offers of polyester staple fibre (PSF) for July contracts.
It has set the price of 10,300 Yuan/ton for 1.4D semi-dull PSF and 10,800 Yuan/ton for 1.2D bright PSF. The prices are for delivery at buyer’s destination.
Last week, the market price for 1.4D semi-dull PSF was quoted at 10,350 Yuan/ton, while 1.2D semi-dull PSF was at 10,350 Yuan/ton and 1.2D bright was at 10,850 Yuan/ton. 
Currently, transactions for 1.4D PSF are in the range of 10,100-10,300 Yuan/ton in terms of cash or acceptance. The level is up 300 Yuan/ton from the previous week.

Fibre2fashion News Desk - China

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