Market Trend

WTI/Brent ( March 25th - April 7th, 2024 )

PX  (  March 25th - April 7th, 2024 )

PTA(  March 25th - April 7th, 2024 )

MEG(  March 25th - April 7th, 2024 )

1. Polyester Filament

The Crude oil has fluctuated slightly recently after sharp rising last week, which still supports the cost of polyester raw material to a large extent.

On production side, the operation rate of the downstream is still at a relatively high level, especially in terms of texturing. Therefore, the rigid demand for polyester yarns still has good support. In the meantime, the rise in raw materials will continue to drive the action of downstream stocking. So the frequency of downstream purchase is expected to increase in April compared with March.

Overall,the recent price of polyester yarn mainly follows the raw material, which is easy to rise but difficult to fall for the time being. It’s suggested that you can purchase as per your orders to avoid any risks. 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 price of PSF increased yesterday, and its transaction was good. Even if the Crude oil fluctuated in night session, the cost part still maintained a strong trend. Factory’s quotations kept stable in early trading and the deal of firm order is based on negotiation.

3. VSF

 The recent VSF market performed general. Factories mainly keep the price and the transaction is based on negotiation. It’s recommended that you can purchase as per orders to avoid any risks.

4. Spandex

 Currently, there is no big change on spandex market. As the early stockings were digested, some weaving factories increased their inquiries. It’s recommended that you procure based on your orders and demand.

5. Nylon

The trend of benzene is still strong, prices generally rose after the holiday.The CPL spot price rebounded slightly, and partial Chips prices followed to rise. Overall, downstream replenishes according to orders. It is recommended to purchase as per your demands.