China PET Fiber Chip Market Daily (15 Nov 2010)

CCF PET Chip Prices
Products	On-day Price
PET fiber-chip, semi-dull, RMB/mt, 90 days payment	12800-13000
PET fiber-chip, bright, 90 days payment	12500-13000
cationic-dyeable PET fiber-chip, 180 days payment	13500-13800

PET fiber chip market was still in looking-on mood today though suppliers have adjusted offers down. SD chip quotations came out lower this morning at 13000yuan/mt by cash or acceptance. Some ordinary brands in Jiangsu were offered at 11800yuan/mt. Purchasing sentiment has not recovered and no discussions were heard. The situation was similar in bright and CDP chip market.

In contract:
1. Xiaoshan Rongsheng adjusted Nov SD chip nomination up to 13500yuan/mt.
2. Hengyi PC adjusts Nov SD chip nomination up to 13500yuan/mt. The adjustments to other types are similar.
3. ZUC and Lianji revise Nov SD chip nomination up to 13500yuan/mt; Lianji adjusts bright chip nomination up to 13500yuan/mt.