PSF WEEKLY NEWS
The biggest china PTA manufacturers started to reduce PTA production since end of May.
Meanwhile,virgin PSF manufacturers jointly announce will reduce the PSF production to protest against PTA manufacturers.
In this case, PTA & PSF are both in short supply. the virgin PSF price keep increasing sharply day by day.
Today fresh price is 1.38~1.43 FOB shanghai for virgin 1.2D/1.4D PSF SD RW.
Seem PSF price will be on the up trend in coming days.