From late Oct to early Nov, the direct-spun PSF market experienced a rebound from its low point

From late Oct to early Nov, the direct-spun PSF market experienced a rebound from its low point. During this round of rebound, PSF plants have adjusted their operational strategies: in the earlier phase of decline, plants accelerated the frequency of price reductions; recently, with futures rebounding, plants mainly focused on selling, showing less enthusiasm for raising prices.

This approach has directly resulted in a narrowing of the price gap between plants and traders, highlighting the plants' price advantage, while the operational space for traders has gradually diminished. Particularly in Nov, despite the rebound in futures, plant prices have remained relatively stable, leading to a weakening of market basis. In just half a month, the basis for direct-spun PSF has compressed from about PF12+300 to around PF12+150yuan/mt.