China’s Sanfangxiang runs Jiangyin PSF unit on reduced rate

30 April 2009 05:17  [Source: ICIS news]

SINGAPORE (ICIS news)--China's Sanfangxiang is currently running its  900,000 tonne/year  polyester fibre and yarn (PSF) unit in Jiangyin at 80% of its nameplate capacity despite strong demand in the Chinese domestic market, a company source said on Tuesday.

The PSF unit is located in China's eastern province of Jiangsu.

“Domestic market is doing well at the moment. However, the pricing outlook remained uncertain as prices of PSF are mostly cost-driven and very volatile,” added the source in Chinese.

There were cost-push increases for PSF prices as feedstocks  purified terephthalic acid (PTA) and monoethylene glycol have been rising. On Wednesday, PTA rose to $930-940/tonne (€707-714.4/tonne) CFR China while MEG were at around $570/tonne CFR China.

($1 = €0.76)

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By: Yu Guo
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