Bottle Flake & Recycled Fiber Market Morning Express (Nov 16, 2010)

Recycled bottle flakes
In central China, price of recycled bottle flakes stops dropping and stabilizes. Cautious sentiment to sell at low price emerges. Domestic white bottle flakes are traded at 8000-8500yuan/mt (pre-tax).

Cotton type re-PSF
In Jiangsu, Jiangnan Chemical Fiber revises re-PSF offer down by 300yuan/mt. Offer of high-grade re-PSF, medium-grade re-PSF, low-grade re-PSF and 3-hollow re-PSF is pegged at 16900yuan/mt, 16700yuan/mt, 16100yuan/mt and 16700yuan/mt, respectively.

Hollow re-PSF
Most 3-hollow re-PSF plants stabilize offer at 15500-16500yuan/mt in Jiangsu and Zhejiang while some revises its offer down to 14000-14500yuan/mt (lower at 12500yuan/mt).

Re-PFY
In Zhejiang, re-PFY offer generally stabilizes on the whole and ruling offer for POY150D is pegged at 13500-14500yuan/mt (with tax).

$1=CNY6.64

source:CCFGroup.com