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Direct-spun PSF keeps rangebound in May
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Direct-spun PSF keeps rangebound in May

Views:1     Author:Site Editor     Publish Time: 2020-06-11      Origin:Site

After sharp rise and fall in Apr, direct-spun PSF stayed rangebound in May.

In end-Apr to early May, direct-spun PSF price slid to 5,300-5,500yuan/mt, close to Apr's low. Downstream spinners which had missed previous low went bottom fishing successively, resulting in smooth transactions of direct-spun PSF before and after May Day holiday. Some over-the-counter capacity was even heard to be involved. Quickly, direct-spun PSF plants revised prices up to about 6,000yuan/mt. Although the trading volume was small later due to higher prices, the plants kept prices firm with shortage of supply.


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