Bottle Flake & Recycled Fiber Market Morning Express (Oct 18, 2010)

Recycled bottle flake
In Jiangsu and Zhejiang, price of recycled bottle flakes largely surges backed by cost-pushes. Domestic white flakes are traded at 8000-8400yuan/mt (pre-tax) and green flakes are traded at 7200-7450yuan/mt. Meanwhile, good-quality blue ones are traded at 7800yuan/mt.

Cotton type Re-PSF
In Jiangsu and Zhejiang, pulled up by recycled bottle flakes, offer for high-grade re-PSF (high-tenacity, low-elongation) is raised to 11300-11500yuan/mt, against traded price to follow up.

Till this morning, Jiangsu Jiangnan Chemical Fiber has raised offer for high-grade re-PSF by 150yuan/mt to 10650yuan/mt. Meanwhile, offer for medium-grade, low-grade and 3-hollow re-PSF by 400yuan/mt, 400yuan/mt and 300yuan/mt by 10400yuan/mt, 9800yuan/mt and 11000yuan/mt, respectively.

3-Hollow re-PSF
Offer for 3-hollow re-PSF is raised by 200yuan/mt in Jiangsu and Zhejiang, to 10800-11000yuan/mt (siliconized, with tax), with higher at 11200yuan/mt.

($1=CNY6.65)

source： CCFGroup.com