This morning, PFY market gradually tends to stabilize in Jiangsu and Zhejiang. Some PFY plants cut down offer by 200-300yuan/mt and PFY sales are sluggish. Downstream market keeps wait and see attitude.

In Shaoxing, one PFY plant revises offer down by 200yuan/mt. POY, DTY and FDY150D is offered at 14500yuan/mt, 16400yuan/mt and 14500yuan/mt, respectively.
　
In Taicang, the key plants stabilize PFY offer. One big plant in Shengze stabilizes POY and DTY offer but revises FDY higher offer down. In Tongxiang, the ruling FDY offer is revised down by 300yuan/mt.
　
In Wuxi, the key plants revise higher FDY offer down. 75/36 semi-dull ones and bright ones are offered at 18500-18600yuan/mt and 18000yuan/mt, respectively.

$1=CNY6.64

source:CCFGroup.com