Market Trend

WTI/Brent (December 18th, 2023 - January 2nd, 2024)

PX (December 18th, 2023 - January 2nd, 2024)

PTA(December 18th, 2023 - January 2nd, 2024)

MEG (December 18th, 2023 - January 2nd, 2024)

1. Polyester Filament

The geopolitical situation in the Middle East is still unstable. The Crude oil fluctuates continuously. The cost of polyester raw materials follow accordingly.

Regarding product side, due to the holiday is approaching, the production is tended to be tight. Factories increased price by 50-100cny/ton on Monday then kept stable today. The market keeps rigid purchase.It’s suggested that you make purchasing plans in advance to avoid unexpected risks.

It’s expected that the cost will keep rang shock. 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

The PSF factories narrowed negotiating space for tight supply. The overall transaction is general. Morning quotations kept stable. It’s suggested that you purchase as per your firm demand to avoid risks. 

3. VSF

The VSF factories have no sales pressure because the recent transaction was good. They mainly execute in-hand orders. For some new orders, they even want to push up the price. It’s suggested that you can purchase as per your firm demand or keep some reasonable stocks.

4. Spandex

Currently the spandex market performed general. The transaction is based on negotiation. It’s recommended that you procure based on your orders and demand to avoid any risks like tight supply.

5. Nylon

The price of benzene increased, while the CPL spot is difficult to follow and deals are based on negotiation. The market for Conventional spinning chips is general. However, the price of high-speed spinning chips went up. It's recommended you keep some inventory in case of unexpected risks such as tight supply.