Bottle Flake & Recycled Fiber Market Morning Express (Dec 22, 2010)

Recycled bottle flakes
In Fujian, recycled bottle flakes price slightly moves up and domestic white flakes are traded at 7900-8100yuan/mt (pre-tax). Re-PSF plants are unwilling to purchase at high price.

In Sichuan and Chongqing, supply of recycled bottle flakes is tight and its traded price moves up. Domestic white flakes price is pegged at 7800-8000yuan/mt (pre-tax).

Cotton type re-PSF
In Fujian, sales of 3-hollow re-PSF are soft and its traded price temporarily stabilizes at 9600-9800yuan/mt (siliconized, pre-tax), backed by feedstock.

In Guangdong, high-grade re-PSF market is stable and super raw white ones are offered at 11000yuan/mt (pre-tax).

In Sichuan and Fujian, sales of medium-grade re-PSF are moderate. Backed by firm feedstock, medium-grade re-PSF is offered at 9800-10000yuan/mt (with tax).

Re-PFY
Re-PFY plants in Zhejiang plan to raise price by 100yuan/mt. POY150D ruling offer is pegged at 11500-11600yuan/mt (with tax).

$1=CNY6.65

source:CCFGroup.com