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Explanation for Price Index
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CCFEI Price Index has become the most typical price index
in the industry since it was released in 2003. The price index is the weighted average
of market prices, and the data are real and timely, with the weighted average method
scientific and objective. The pricing details of CCFEI Average Price are as follows: tr>
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1. Price Index - Daily Average
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1). Polyester Chain
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a. PTA & MEG: Weighted average of central
price of bids & offers and trading prices in East China market
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b. PET chips: FGPET Chip (semi-dull):
Weighted average of mainstream cash-based realized prices in Jiangsu and Zhejiang;
BGPET Chip (water- bottle-grade): Weighted average of mainstream ex-works realized
prices in East China and South China markets
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c. Filament yarn (POY, DTY & FDY): Poly POY (150D/48F) and Poly DTY
(150D/48F): Weighted average of mainstream realized prices in
Zhejiang,Jiangsu, Fujian and
Shandong; Poly FDY (68D/24F): Weighted average of the prices in Jiangsu market . |
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d. PSF (1.5D*38mm): Weighted average
of mainstream realized prices in Jiangsu, Zhejiang, Shandong, Hebei and Fujian
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e. RPSF: RPSF Virgin-like (1.5D*38mm): Weighted average of ex-works spot
prices in Jiangyin market; RPSF Conjugate: Weighted average of the
ex-works spot prices in Hangzhou,
Yangzhou and Nantong markets
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2). Nylon Chain
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a. CPL: Weighted average of spot prices
for imports and homemade materials
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b. PA chip: Weighted average of spot
prices for imports and homemade materials
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c. Nylon FDY (70D/24F): Weighted average of mainstream realized prices
of majors in Jiangsu & Zhejiang and the mainstream prices in Shengze
market
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d. Nylon DTY (70D/24F): Weighted average of mainstream realized prices
of majors in Jiangsu & Zhejiang and the mainstream prices in Zhuji
market
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e. Nylon POY (68D/24F): Weighted average
of mainstream realized prices of majors in Jiangsu & Zhejiang
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3). Acrylic Fiber Chain
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a. ACN: Weighted average of ex-tank prices
at Lianyungang Port and ex-works offers from producers in East China.
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b. ASF (1.5D*38mm) and Acrylic Top (3D):
Weighted average of market realized prices
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4). Viscose Chain /td>
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VSF (1.5D*38mm) and VFY (120D): Weighted average
of producers’ offers and end-users' bids
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5). Spandex Chain
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a. MDI & PTMEG: Weighted average of realized
purchase prices from spandex producers
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b. Spandex (40D): Weighted average of
market realized prices
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2. Price Index - Weekly Average
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The Weekly Average of the price index is the arithmetical
mean of Daily Average figures during the week, and there will be some adjustment
if the prices waved too sharply.
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3. Price Index - Monthly Average
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The Monthly Average of the price index is the arithmetical
mean of Weekly Average figures during the month.
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