Market Trend

WTI/Brent (December 26th, 2023 - January 9th, 2024)

PX (December 26th, 2023 - January 9th, 2024)

PTA(December 26th, 2023 - January 9th, 2024)

MEG (December 26th, 2023 - January 9th, 2024)

1. Polyester Filament

Russia’s oil production reduction in December was the largest since the start of the reduction. The crude oil rebounded to some extent. Overall, The Crude oil fluctuates continuously. The cost of polyester raw materials follow accordingly.

Regarding product side, factories increased price by 50-100cny/ton on Monday and currently mainly maintain the prices. Due to the holiday is approaching, the downstream has started to reduce production gradually. The market overall 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 downstream operation.  

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 market has optimistic attitude on VSF market. Factories mainly execute in-hand orders and they keep prices stable because they has low inventory. It’s suggested that you can purchase as per your firm demand or keep some reasonable stocks.

4. Spandex

The spandex market is mainly driven by rigid demand. Currently, some of downstream has action for stocking up before holiday. At the same time, with the increase in spandex plant shutdowns, industry inventories have trend to decrease. It’s recommended that you can hoard up moderately to avoid risks.

5. Nylon

The price of benzene decreased, the transaction of CPL based on negotiation. The market of Conventional spinning chips is general, while the price of high-speed spinning chips went up. It's recommended you procure as per firm demand and keep some inventory in case of unexpected risks.