China Semi Bright Chips Price Up, Volume Up

Today China semi bright chips price went up, now its mainstream price was stroke at 11900-11950CNY/t (cash take price), some products stroke at the price as high as 12200CNY/t(acceptance in 3 month). The market trade surrounding is so lively that the supply is in short.

Analyze the reason: firstly, since the end of last year, the new invested poly chip equipment is relatively large sized, especially recently, the newly chip equipments are put into operation one by one for the increased market demand. And, no matter polyester plants or chip plants, their fiber spinning profit margin is good, chip demand is quite large. Secondly, since the begin of the week, polyester market rebound slightly. Poly turns over at the beginning of the week is distinctively enlarged, which lead to the low inventory even negative inventory situation. Thirdly, under the situation of semi bright chips short supply, some poly plants become reluctant to sell up the goods.

Generally, people hold a cautious attitude towards aftermarket. After all, the current overall polyester environment is not optimistic.