Polyester Staple Fiber Market Morning Express (Nov 1, 2010)

Direct-spun PSF market remains stable and the trading sentiment is moderate. Most producers keep the offers flat at 13200-13300yuan/mt with higher at 13510yuan/mt.

Xianglu Chemical Fiber has resumed normal production last weekend and offered semi-dull 1.4D at 13300yuan/mt.

With the run rate of PSF unit increasing, the producers are cautious about raising offers now, but as cotton, viscose and polyester feedstock prices continue to stay high, PSF price is likely to move up later.

$1=CNY6.69

source:CCFGroup.com