Market Trend

WTI/Brent ( April 23rd - May 6th, 2024 )

PX  ( April 23rd - May 6th, 2024 )

PTA ( April 23rd - May 6th, 2024 )

MEG(  April 23rd - May 6th, 2024 )

1. Polyester Filament

The Crude oil fluctuated with a slight down trend. And the cost of polyester raw material followed accordingly.

On production side, factories currently maintain the price because the it has reached a cost level. The downstream basically digested the stocking on hand after the centralized purchasing at the end of April. Currently, the overall transaction is general and 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 behaves general. The factories’ quotations kept stable and the deal of firm order is based on negotiation.  

3. VSF

 Recently, the VSF market expects that a new round of order signing window is about to open. Due to the low inventory of viscose factories and the operation rate of downstream is also relatively stable, the market is mostly optimistic about expectations. It’s recommended that you can purchase as per orders to avoid any risks.

4. Spandex

 The spandex market performed general. Most of transactions are based on firm demand. It’s also recommended that you procure based on your orders.

5. Nylon

Recently, the pure benzene market is stable. The CPL price increased slightly in the spot market. The deal of conventional spinning and high-speed spinning chip is stable. Factories mainly execute in-hand orders. It is recommended to purchase moderately when the prices stay at a low level.