Market Trend

WTI/Brent ( March 11th - March 25th, 2024 )

PX  ( March 11th - March 25th, 2024 )

PTA( March 11th - March 25th, 2024 )

MEG( March 11th - March 25th, 2024 )

1. Polyester Filament

 The Crude oil price rebounded due to the geopolitical tensions for the terrorist attacks in Russia. In the meanwhile, Russian government had ordered companies to cut oil production to meet its commitment to OPEC+.

On production side, the operation rate of the downstream are temporarily maintained at a high level. Currently, the overall market price keep stable and basically follow up the rigid demand. It’s expected that there is replenishment demand at the end of the month, you can purchase as per your order to avoid any risks.

It’s expected that the cost will keep range shock in the short term. In the long term, it’s necessary to pay attention to fluctuations in raw material cost, polyester load, and the international situation.

2. PSF

The PSF market performs general and transaction is based on negotiation. Crude oil rose in the night session, the futures of polyester raw materials and PSF fluctuated strongly. Factory’s quotations maintained stable in early trading.It’s recommended to purchase as per your demand to avoid any risks.

3. VSF

The VSF market continued to keep stable. The inventory of small factories performed general while mainstream factories’ are still declining. Factories mainly remained prices and executed in-hand orders and partial deals were based on negotiation. It’s recommended that you can keep a certain level of inventory to avoid any risks.

4. Spandex

There is no big change on Spandex market. The downstream has a high rigid digesting  for spandex and sellers execute orders actively. It’s recommended that you procure based on your orders and demand to avoid any risks. 

5. Nylon

The price of pure benzene is consolidating. The CPL spot price fluctuated with a falling trend. The transactions of conventional spinning chips are mainly based on firm demands, and the high-speed spinning is mainly focus on contract execution. It is recommended to purchase as per your demands.