PSF Producers Should Target on Selling

Direct-spun PSF market is still in slack sales. PSF ruling offer declined to 14500yuan/mt by cash, ex-work yesterday. Pressure on controlling commodities' price remains large. However, crude oil and cotton futures stop dropping and rebound, which will ease overall market sentiment.

PSF plants can focus on selling, taking macro-economic situation as reference. Downstream plants should purchase in small volume for productions.

$1=CNY6.68

source:CCFGroup.com