Market Trend

WTI/Brent ( April 15th - April 28th, 2024 )

PX  ( April 15th - April 28th, 2024 )

PTA(  April 15th - April 28th, 2024 )

MEG( April 15th - April 28th, 2024 )

1. Polyester Filament

There is still no big news on the market, the Crude oil fluctuated within a narrow range, the polyester raw material kept stable.  

On production side, factories mainly maintained the price. Some of downstream stocked up moderately or finished in-hand firm orders’ purchasing in advance to avoid uncertain factors happen during May Day holiday. Currently, the overall transaction is based on negotiation. It’s suggested that you can consider purchasing as per your actual situation 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 PSF market was general and factories shipped goods steadily. The Crude oil fluctuated in night session,while there is support on the cost side and the inventory of PSF kept at a low level. So factories’ quotations kept stable. But on the whole, the deal of firm order is based on negotiation. 

3. VSF

 Recently, the VSF market is relatively stable. Factories have been delivering goods at a steady pace recently, and factories have no inventories pressure. At present, the quotations of VSF is stable and the transactions are mainly based on negotiation. It’s recommended that you can purchase as per orders to avoid any risks.

4. Spandex

 At the end of the month, spandex suppliers shipped goods actively. However, under the pressure of losses, the space for suppliers to reduce prices became narrower, and there is only slight discounts on large quantities. It’s recommended that you procure based on your orders.

5. Nylon

Recently, the pure benzene market continued to consolidate. The CPL spot price were stable. The deal of conventional spinning and high-speed spinning chip is stable, some transactions have increased for stocking before holiday. It is recommended to purchase when the prices stay at a low level.