Market Trend

WTI/Brent ( May 27th - June 10th, 2024 )

PX  ( May 27th - June 10th, 2024 )

PTA ( May 27th - June 10th, 2024 )

MEG ( May 27th - June 10th, 2024 )

1. Polyester Filament

After the OPEC+meeting, The Crude oil price continued to rebound and the increase further expanded. The cost of polyester raw material increased accordingly.

On production side, due to the rebounded oil and rising cost, most factories increased price 100-200cny/ton or narrowed negotiating space. After Dragon Boat festival, some of downstream who has low inventory has almost digested the stock, they will consider to purchase or hoard up moderately. While for others, they buy based on rigid-demand. However, with the summer season coming, the power restriction or production restriction probably will happen. It’s suggested that you can consider to make plan in advance 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

During the holiday period, the crude oil kept strong trend, which supports the PSF cost to a large extent. Currently, most spun factories have no inventory pressure, they shipped steadily. It’s recommended that you can purchase as per orders to avoid any risks.

3. VSF

 The VSF market is currently stable but the market atmosphere is positive. In the early stage, most VSF factories signed a lot of quantity and have enough orders in hand. So they mainly execute orders and have no pressure. It’s recommended that maintain normal raw material inventory and replenish monthly usage during promotional periods.

4. Spandex

 The spandex market is general and transaction is based on negotiation. It’s recommended that buyers follow up based on their orders and demand.                                            

5. Nylon

The pure benzene market remains strong, while the price of CPL fell back.   

The spot price of high-speed spinning chips has seen some decline from high levels, but the supply-demand relationship still behaves good. However, the price of conventional spinning chips decreased to some extent and the transaction was general.