Bottle Flake & Recycled Fiber Market Morning Express (Dec 21, 2010)

Recycled bottle flakes
In Jiangsu, recycled bottle flakes market temporarily remains stable. Domestic white flakes are traded at 8000yuan/mt (pre-tax) and green ones are traded at 7300-7400yuan/mt.

Cotton type re-PSF
In Jiangsu, sales of 3-hollow re-PSF are moderate and its offer temporarily stabilizes at 10900-11000yuan/mt (siliconized, with tax). Some plants plan to shut down units later.

Jiangsu Jiangnan Chemical Fiber cut high-grade re-PSF offer down by 100yuan/mt at 10400yuan/mt. Meanwhile, offer for medium-grade re-PSF, low-grade re-PSF and 3-hollow re-PSF stabilizes at 10300yuan/mt, 9700yuan/mt and 10400yuan/mt, respectively.

In Cixi, sales of 2-hollow re-PSF slightly improved and sales ratio is around 50-80% level. Raw white ones are offered at 9800-10000yuan/mt (siliconized, with tax).

$1=CNY6.66

source:CCFGroup.com