Cotton and polyester feedstock slipped yesterday, while PSF plants mostly suspended offers due to large amount of presales. Sinopec adjusted nomination to 19200yuan/mt.

This morning, some private enterprises begin to place offers. Jiangyin Huahong offers at 19500yuan/mt. Zhejiang Yuandong offers at 19510yuan/mt by cash, delivered. Jiangsu Jinxue continues to lower quotation, offering at 16500yuan/mt.

Transactions maintain weak recently. Downstream enquires are scant. Some traders sell profitable cargoes at low levels. But actual transactions are rarely heard.


$1=CNY6.64

source:CCFGroup.com