Views: 6 Author: Site Editor Publish Time: 2019-09-26 Origin: Site
Besides, direct-spun PSF plants control price differently due to the mixed operation later. For example, some plants in Fujian plan to cut or suspend production later, so their offers are slightly higher than that in northern China in order to keep inventory for later use. In Jiangsu and Zhejiang, the spinners mostly raise operating rate and run at full capacity to the greatest extent, so they focus on selling recently and provide discounts in trading.
The pattern of strong South China and weak North China will sustain in Oct combining upstream and downstream.
As things stand, the decline of direct-spun PSF price is expected to slow down later supported by low inventory and cost after recent adjustment. Considering the weak restocking before National Day, direct-spun PSF inventory will rise gradually. If there is no favors during National Day holiday, direct-spun PSF price will slide again after the inventory pressure increases and some plants may cut production again. As a consequence, the demand will keep weak and be hard to improve in Oct, and the price will stay volatile within 7,000-7,500yuan/mt.