Daily Market Update on 02-12-2014

Daily Market Update on 02-12-2014

Crude oil rebounded. PTA futures opened high but lowered afterwards.

Some arbitrageurs made offers while polyester plants replenished stocks according to needs.

Virgin PSF offer mostly kept stable and its transaction sentiment was slack. PSF price kept stable to weak and PSF sale ratio averaged 30-50%.

Exporters' price is at the level of $1.16-$1.18/kg FOB Shanghai.

Twisted yarn factory production line is busy for several months, and we are planning to add more machine to fulfil customers` needs.