WTI/Brent (November 13th - November 27th, 2023)

PX (November 13th - November 27th, 2023)

PTA (November 13th - November 27th, 2023)

MEG (November 13th - November 27th, 2023)

1. Polyester Filament

On Monday, Crude oil fluctuated within a narrow range. The cost of polyester raw materials fluctuated accordingly.

Lately, the downstream market saw better-than-expected demand, and factories had high operating rates. It’s expected that the polyester filament market will still have good support from the downstream demand in the short term.

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, deals in the PSF market were based on negotiation. In the downstream, some stocked up while others remained waiting and seeing. Crude oil in the night session dropped slightly, while the polyester raw materials and PSF futures fluctuated. Morning quotations overall kept stable. It’s suggested that you purchase as per your firm demand.  

3. VSF

On Monday, the VSF market performed general. At the moment, these factories don’t have sales pressure and mainly execute in-hand orders. The transaction is based on negotiation. It’s recommended that you keep a certain level of inventory to avoid any risks.

4. Spandex

Considering various factors both domestically and internationally, all Chinese spandex factories are planning to lower their capacity, including HUAFON. They are planning to reduce capacity by 20%~40%, which would depend on the market condition. It’s suggested that you plan ahead as per your firm orders and demand.

5. Nylon

The price of pure benzene continued to drop. The price of CPL spots kept falling. The price of conventional spinning spot chips remained strong and high, and it’s difficult to fall. 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.