This morning, PFY ruling offer keeps stable in Jiangsu and Zhejiang, but divergence turns up. A few plants raise offer for salable varieties by 100-200yuan/mt and other plants revise offer for coarse FDY down by 50-100yuan/mt. Discounts are available in unsalable products.

In Xiaoshan and Shaoxing, PFY offer mostly stabilizes and a few plants raise DTY offer by 10yuan/mt. For instance, ruling offer for POY and DTY150D is pegged at 12300-12600yuan/mt and 13800-14100yuan/mt, respectively. Some plants revise coarse FDY offer down by 50-100yuan/mt. Ruling offer for 120D and 150D is pegged at 12900-13400yuan/mt and 12500-12900yuan/mt, respectively.

In Tongxiang, Taicang and Shengze, the key plants stabilize PFY offer, a few plants raise FDY offer by 100-200yuan/mt. Market sentiment are moderate this morning, and one big plant in Wujiang raises DTY offer by 100-200yuan/mt. 75/144, 150/144 and 150/288 is offered at 18800yuan/mt, 15800yuan/mt and 15700yuan/mt, respectively.


($1=CNY6.66)

source:CCFGroup.com