Bottle Flake & Recycled Fiber Market Morning Express (Nov 11, 2010)

Recycled bottle flakes
Downstream market keeps cautious sentiment on high price but suppliers of recycled bottle flakes are reluctant to sell low price. Market is involved in stalemate and trading volume is less. In Jiangsu and Zhejiang, domestic white flakes are traded at 11000yuan/mt (pre-tax).

Cotton type re-PSF
In Jiangsu, Jiangnan Chemical Fiber raises re-PSF offer by 200yuan/mt. Offer for high-grade re-PSF, medium-grade re-PSF and low-grade re-PSF moves up to 17200yuan/mt, 17000yuan/mt,.16400yuan/mt and 17000yuan/mt, respectively.

In Jiangsu and Zhejiang, high-tenacity, low-elongation high-grade re-PSF market keeps stable and its ruling price is pegged at 17500-18000yuan/mt (with tax).

Hollow re-PSF
In Fujian, sales of 3-hollow re-PSF are moderate and siliconized ones are offered at 15000-15500yuan/mt (pre-tax).

$1=CNY6.62