Market Trend

WTI/Brent ( April 1st - April 15th, 2024 )

PX  (  April 1st - April 15th, 2024 )

PTA(  April 1st - April 15th, 2024 )

MEG(  April 1st - April 15th, 2024 )

1. Polyester Filament

The Crude oil fluctuated with a rising trend in consequence of geopolitical influence. In the meantime,one of domestic PX plants’ 1.6million ton manufacturing devices went shutdown suddenly, causing a rise in polyester raw material cost.  

On product side, factories mainly kept the prices today and the transaction was mainly based on negotiation. Currently, due the the uncertainty of geopolitical situation and rising cost, furthermore, there will be a coming time of purchasing cycle of downstream in the near future, the short-term price is expected to go up slightly. 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 the trend of polyester raw material cost, polyester load, and the international situation.

2. PSF

The dealing price of PSF increased slightly yesterday, and its transaction was good.The Crude oil fluctuated in night session,the futures of polyester raw materials and PSF  fluctuated and consolidated accordingly. 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. After some mainstream manufacturers received a large number of orders, they temporarily stabilized the price. The transactions are mainly 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. So suppliers actively shipped goods to promote the production and sales rate. It’s recommended that you procure based on your orders and demand.

5. Nylon

The trend of benzene has turned to a volatile trend. The CPL spot price are mainly stable. Conventional spinning chip sellers have no pressure, they kept prices at high level and their shipments are tight, while semi-dull high-speed demand was steady and only partial demand was tight.Overall, downstream replenishes according to orders. It is recommended to purchase as per your demands.