WTI/Brent (November 6th - November 20th, 2023)

PX (November 6th - November 20th, 2023)

PTA (November 6th - November 20th, 2023)

MEG (November 6th - November 20th, 2023)

1. Polyester Filament

On Monday, Crude oil continued to rise. The cost of polyester raw materials increased accordingly.

On the production side, the production and sales performed general yesterday.

Factories mainly maintain prices and transaction is based on negotiation. The whole market keeps rigid-procurement.

It’s expected that the cost will fluctuate in the short term, and prices of polyester products will fluctuate within a narrow range. It’s suggested that you make purchasing plans in advance based on your firm demand. In the long term, it’s necessary to pay attention to fluctuations in raw material cost, polyester load, and the situation of production and sales.

2. PSF

On Monday, the PSF market was stable at shipping goods, and the trading volume was general. Crude oil in the night session went up, while the polyester raw materials and PSF futures fluctuated. Morning quotations overall kept stable and deals were based on negotiation. It’s suggested that you purchase as per your firm demand.  

3. VSF

The VSF market remained stable at the moment. Factories mainly executed in-hand orders. It’s recommended that you keep a certain level of inventory.

4. Spandex

The spandex market was general recently. Transactions were mainly based on firm demand. It’s suggested that you purchase as per your firm orders and demand.

5. Nylon

The price of pure benzene fluctuated. Due to a tight supply, the price of CPL spots continued to rise. Conventional spinning spot chips had good supply and demand, but it’s difficult to sell at high prices. High-speed spinning spot chips remained stable. For PA66, the high prices continued to drop and the downstream mainly procured based on their firm demand. It’s recommended that you follow the market trend and stock up as per your firm demand.