Market Trend

WTI/Brent ( February 12th - February 26th, 2024)

PX ( February 12th - February 26th, 2024)

PTA( February 12th - February 26th, 2024)

MEG( February 12th - February 26th, 2024)

1. Polyester Filament

 Due to factors such as reduced U.S. refinery activity and shipping disruptions, diesel supply has tightened. Driven by the rebound in diesel, crude oil rebounded and fluctuated during the session with closed higher. The cost of polyester raw materials kept strong.

On production side, the downstream operation rate is still stay in a low level and the actual situation needs to be checked again in March. Currently, the price is mainly follow up on the cost side and most factories have increased 50-100cny/ton today. It’s suggested that you can purchase as per firm demand 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 performs general and deals are based on negotiation. Crude oil rose in night session, the futures of polyester raw materials and PSF remained volatile. Currently, factories mainly executed in-hand orders and the prices maintain stable. In the long term, need to pay attention to cost side and the resume situation of downstream.

3. VSF

After rising to more than usd930/ton, most other VSF raw material suppliers are also followed to increase to this value.The current VSF trend is still keeping relatively optimistic because the peak season usually arrives around March. It’s recommended that you keep a certain level of inventory to avoid any risks.

4. Spandex

Currently the spandex market mainly maintains stable but partial factories increased prices or narrowed negotiating space for some popular lot numbers. With the gradual resuming work of downstream, the spandex demand probably will be improved. Its 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. However the CPL price went down because the transaction of CHIPS weaken. Orders placing after the holiday recovered relatively fast. High-speed spinning continues to maintain a good trend due to the overall high start-up of factories, and contract execution is mainly stable. It is recommended to buy as per firm order to avoid any risks.