Market Trend

WTI/Brent ( May 20th - June 3rd, 2024 )

PX  ( May 20th - June 3rd, 2024 )

PTA( May 20th - June 3rd, 2024 )

MEG( May 20th - June 3rd, 2024 )

1. Polyester Filament

After the OPEC+ meeting, the market held a relatively bearish view on the results of the meeting, the Crude oil decreased to some extent. The cost of polyester raw material followed accordingly.  

On product side, the mainstream factories currently still adopt a price maintenance strategy. Some downstream with less inventory will consider to purchase moderately before the Dragon Boat Festival. But overall, the market has a watch-and-see attitude and the transaction is based on negotiation and according to orders.

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 PSF market performs general. The Crude oil decreased in night session,the futures of polyester raw materials and PSF followed accordingly. Factory’s quotations kept stable in early trading and the deal of firm order is based on negotiation.

3. VSF

 The VSF market atmosphere was positive yesterday. The mainstream factories increased price by around 150cny/ton. Most factories kept the prices and narrowed the negotiating space. It’s recommended that you can purchase as per orders or maintain proper inventory to avoid any risks.

4. Spandex

 The spandex market is general and the deal is mainly based on negotiation. It’s recommended that you procure based on your orders.

5. Nylon

Recently, the trend of pure benzene market is strong. The CPL spot price is starting to stalemate. The deal price of conventional spinning chip is temporarily stable, while high-speed one have been adjusted. One the whole, downstream replenishes according to orders. It is recommended to purchase as per your demands.