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Of course, the higher discursive power to market prices of PSF plants does not mean the sustained profits. From the perspective of demand, demand weakens quickly since Oct with the multiple outbreaks of epidemic in many regions. Operating rate of spinning mills in Hebei reduced fast last week with e
During the production curtailment of PSF plants, the stocks of traders were squeezed. Starting about Jun, spot-futures traders accomplished much less orders as PSF plants failed to provide sources. In the meantime, PSF plants dominated more in pricing. The price gap between spot PSF and PSF futures
rice of direct-spun PSF soared since end-Jul underpinned by polyester feedstock, mainly PTA. The quick rise of polyester feedstock weighs on cash flow of PSF plants and makes them face losses. To keep breakeven, PSF plants are forced to raise offers.This round of rise is irrational and rare in tradi
