PSF has moved all the way down since mid-Jun amid

PSF has moved all the way down since mid-Jun amid the decline of crude oil and recession of demand, with PSF futures dropping from above 9,000yuan/mt to below 7,000yuan/mt with a decrease of 2,400yuan/mt and spot PSF sliding less by 1,400yuan/mt due to low inventory. Thus, the gap between spot PSF and PSF futures gets increasingly wide