Polyester Staple Fiber Market Express (Sep 3, 2010)
PSF offers slightly climb on Friday as polyester feedstock firms high and crude oil keeps rising for two days. But major plants still keep offers stable at 9,700-9,800yuan/mt. Negotiation room is shrinking. Trading level is at 9,600-9,650yuan/mt by cash, ex-works. Most traders offer at 9,800yuan/mt. Inventories of plants are quite low. Market sentiment is stable and better in part.
$1=CNY6.80
$1=CNY6.80
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