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Sinopec announces PSF settlement price for Nov contract
01 Dec '12
1 min read
China’s Sinopec Group has announced its polyester staple fibre (PSF) settlement price for November contracts.
Sinopec has announced the price of PSF 1.4D semi-dull at 10,800 yuan/ton, while price of 1.2D bright is 11,350 yuan/ton, both in terms of delivery at buyer’s destination.
Sinopec has also announced the pre-offer price for December contracts. The price of 1.4D semi-dull is 10,900 yuan/ton, while priceof 1.2D bright is 11,450 yuan/ton, both in terms of delivery at buyer’s destination.
In domestic mainstream markets, the price of PSF 1.4D is currently quoted in the range of 10,450-10,600 yuan/ton, in terms of cash payment or acceptance. The offer prices are 50-100 yuan/ton lower than the prices prevailing a week earlier.
Fibre2fashion News Desk - China
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