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Sinopec announces PSF settlement price for Nov contract
Dec '12
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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