Market Roundup
Direct-spun PSF sale was slack at early week and discounts were available in trading. On Wednesday, direct-spun PSF market gradually stabilized. On Thursday, as PX contract price settled high, PTA futures and MEG hiked largely. Spurred by it, direct-spun PSF sale improved and some PSF plants lifted offer up. On Friday, spurred by crude oil up, direct-spun PSF offer was lifted up by 100yuan/mt. Direct-spun PSF ruling price generally followed up by 50-150yuan/mt. Besides, PSF export price also followed up. Semi-dull 1.4D ruling price moved up to $1430-1470/mt FOB Zhangjiagang.
Market Update