Recycled polyester staple fibre reports regular price rise

From the beginning of December 2020, the prices of recycled polyester staple fibre (PSF) have been increasing with growing PSF futures and downstream yarn demand, supported by the polyester feedstock market. The PSF price rose 9.22 per cent to 5,450.00 CNY/mt in February 2021 (2nd week) compared to 4,990.00 CNY/mt in the last week of November 2020. In October 2020, the recycled PSF prices improved 7.36 per cent to 5,250.00 CNY/mt (end of month) from 4,890.00 CNY/mt (beginning of month). However, in November the prices declined 4.95 per cent to 4,990.00 CNY/mt. The prices remained stable to lower with higher inventory and steady operating rate of spinners, lack of restocking demand from downstream buyers and with weaker rigid demand. The PFY companies focused more on the fulfilment of previous orders in the China export market.

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