Market roundup: This week, hollow conjugated re-PSF market kept soft. Owing to weak demand and high inventory, low-price cargoes emerged in Zhejiang, Jiangsu and Shandong. Its ruling price also slipped by 100yuan/mt.
Its price was pegged at 9200-9500yuan/mt (siliconized, with tax) in Zhejiang, 9100-9300yuan/mt (with tax) in Jiangsu, and 8500-9000yuan/mt (pre-tax) in Guangdong. Meanwhile, hollow re-PSF price talked around 8400-8600yuan/mt (with tax, siliconized). Now, hollow re-PSF plants’ inventory was one month now.
Market Update