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Re-PSF Price Possible to Slip Further

2010-11-30

Under large profits losses, some recycled bottle flakes producers stop productions or transfer productions. Most recycled bottle flakes producers sell at low price while re-PSF plants are still in low purchasing interest. Recycled bottle flakes market comes into stalemate. Meanwhile, with sluggish demand and declining cost, re-PSF price is likely to move down further. Re-PSF plants should purchase further when feedstock price lowers.

$1=CNY6.68

 

source:CCFGroup.com

 
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