This morning, most PSF plants suspend offering and the higher offer reaches 20000yuan/mt in Jiangsu and Zhejiang. In Fujian and Shandong, local plants hardly offer. A few plants trade at 19500yuan/mt (small amount) by cash, ex-work.

In Sichuan and Chongqing, PSF rises pace slightly is slower than that in Jiangsu and Zhejiang, with traded price at 18000-18500yuan/mt. As PSF price largely hikes, downstream yarn offers as well follow up but trading volume is uncertain. Most plants stop offering.

($1=CNY6.66)

source:CCFGroup.com