In export market, bottle chip FOB prices continued to move up pushed by strong feedstock. But overseas orders decreased somewhat and profit margins were narrowed with prices increased. Till Friday, mainstream offers have climbed up to 1440yuan/mt versus talked level at $1430/mt FOB L/C at sight. Some bids heard from downstream were seen around $1400/mt and above while a few major suppliers stopped offering temporally amid high cost. In Korea, offers from major producers have been raised to $1450/mt basically while some plants stopped offering. Some suppliers said that worries over thinner demand have appeared though polyester feedstock prices increased largely.
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