Market Trend

WTI/Brent ( February 5th - February 19th, 2024)

PX ( February 5th - February 19th, 2024)

PTA( February 5th - February 19th, 2024)

MEG( February 5th - February 19th, 2024)

1. Polyester Filament

The Crude oil and PX went up sharply during the CNY holiday. The cost of polyester raw materials kept strong.

On production side, factories increased prices to some extent after holiday. The workers come back gradually. Considering the global situation is still unstable,it is suggested that you can make a plan in advance to avoid any risks.

It’s expected that the cost will fluctuate within a certain range in the short term, and prices of polyester products will follow accordingly.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 market performed general and deals were based on negotiation. Currently, factories mainly executed pre-holiday orders and increased prices as well after holiday. In the long term, need to pay attention to cost side and the resume situation of downstream.

3. VSF

The VSF raw material have increased to more than usd900/ton. VSF price have increased around 300cny/ton. At present, downstream has not yet come back completely, but the market confidence is pretty strong. And due to factories have enough in-hand orders,and the shipment is much more than the expect, VSF factory’s warehouse is very low. It’s recommended that you keep a certain level of inventory to avoid any risks.

4. Spandex

Currently the spandex market performed stable. Factories rose 500-1000 yuan/ton because of tight supply of some popular items. With the warm up of the market,the inquiry atmosphere increased.The transaction is based on negotiation. It’s recommended that you procure based on your orders and demand to avoid any risks.

5. Nylon

The price of pure benzene remained stable at high price. In the meanwhile, the price of CPL spots started to rise up following the cost. Take consider of good market demand and rising raw material cost, the prices would keep increasing.