Re-PSF Producers to Stabilize Price, Awaiting Purchasing Period

After nearly 15-days drops, re-PSF price basically came back to the previous level and its offer has closed to cost line now. As crude oil, futures and Shanghai Composite Index stopped dropping, downstream market witnessed increasing inquiries and market sentiment gradually turned stable.

Currently, feedstock cost of re-PSF producers mostly was around 8000-9000yuan/mt and re-PSF plants’ cost line was around 11000yuan/mt. Meanwhile, considering relatively high cost, re-PFY producers’cost line was at 12000yuan/mt.

As to recycled bottle flakes, domestic raw bottle flakes price kept firm and it generally was around 6000yuan/mt in Jiangsu, Zhejiang and Guangdong. So, recycled bottle flakes enjoyed strong cost line around 7800-8000yuan/mt. Aside from a few selling at low price, most recycled bottle flakes suppliers adopted cautious sentiment on selling.

As to downstream market, most of them hold low feedstock inventory or even below zero level. So, rigid demand may emerge recently and purchasing interest will turn up.

So, re-PSF producers should stabilize offer, waiting for downstream purchasing period. Furthermore, purchasing feedstock at low price also should be considered.