Market Trend

WTI/Brent (January 15th - January 29th, 2024)

PX(January 15th - January 29th, 2024)

PTA(January 15th - January 29th, 2024)

MEG (January 15th - January 29th, 2024)

1. Polyester Filament

Due to the Ceasefire negotiation is not going well,the situation in the Middle East remains unstable. The market concerns still exist. The Crude oil fluctuated strongly with a rising trend. The cost of polyester raw materials followed up.

On production side, the downstream has almost closed for holiday, the domestic rigid demand is tended to be quiet. However, polyester factories still increased prices as the crude oil behaved strongly. It’s suggested that you can purchase as per firm demand or hoard up moderately.

It’s expected that the cost will keep strong 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 transaction of PSF was general but most factories have enough in-hand orders.

Morning quotations kept stable and transactions are mainly based on negotiation. It’s suggested that you can purchase according to your orders.

3. VSF

The VSF market overall behaves general. Factories have got enough orders and currently shipped goods actively before the final stage of logistics companies’ holiday. Some of downstream is still willing to hoard up moderately but another part is keeping a watch-and-see attitude.

4. Spandex

The spandex market has improved to some extent, which is attributed to the pre-holiday stocking up of downstream. Currently, the transaction is mainly based on negotiation.

It’s recommended that you can buy as per your demand to avoid any risks.

5.Nylon 

The price of benzene consolidates in high level, the price of CPL spot is keeping strong, with slightly tight supply of goods. The spot transaction of Conventional spinning chips and the high-speed spinning chips was pretty good, which makes factories’ inventory stays in a low level. It's recommended you can hoard up moderately when the price is acceptable.