the main reason for the rise is the higher oil prices during the Spring Festival holiday

Actually, the main reason for the rise is the higher oil prices during the Spring Festival holiday, leading to the higher costs of PSF. According to CCFGroup, the polymerization costs are 6,743yuan/mt on Feb 8, up 265yuan/mt from 6,478yuan/mt on Jan 30, and up 571yuan/mt from 6,172yuan/mt on Jan 8. After returning from the holiday, HC virgin PSF offers have risen by 200-300yuan/mt partially, some up by 600yuan/mt. Siliconized HC virgin PSF is offered at 8,200-8,600yuan/mt, highly at 8,900yuan/mt, after-tax ex-works. For HC re-PSF, offers in Zhejiang, Jiangsu and Guangdong, mostly rise by 200yuan/mt. In Cixi and Jiaxing, 7-15D siliconized HC re-PSF was offered at 7,300-7,400yuan/mt, and in Hangzhou and Shaoxing, prices are at 7,400-7,600yuan/mt, after-tax ex-works. The price spread between HC virgin PSF and HC re-PSF is about 1,000yuan/mt. However, market transactions are still limited currently as most downstream plants have not resumed operation