CCF PET Chip Prices

Products	On-day Price
PET fiber-chip, semi-dull, RMB/mt, 90 days payment	13500-13800
PET fiber-chip, bright, 90 days payment	13300-13600
cationic-dyeable PET fiber-chip, 180 days payment	14500-14700

PET fiber chip market stayed flat on Thursday, transactions were still plain although PTA improved in the afternoon. SD chips were offered at 13800-14000yuan/mt 90 days payment. Talked level was around 13800yuan/mt 90 days payment or 13550yuan/mt by cash, ex-works. Some small and mediume volume deals were done at 13700yuan/mt 90 days payment, sold to buyers from Jiangsu.

Bright chip market was weak with talked level at 13300-13600yuan/mt by cash or acceptance. Trades were dull. A small-medium deal was concluded at 13350yuan/mt by cash. CDP chip maintained at 14500-14700yuan/mt 180 days payment, delivered.

Feedstock improved a little but downstream markets were still moderate; besides, financial markets were volatile and market confidence was low. Thus PET fiber chip market may keep consolidating in the short term.

$1=CNY6.57