Market Trend

WTI/Brent ( June 17th - July 1st, 2024 )

PX  ( June 17th - July 1st, 2024 )

PTA ( June 17th - July 1st, 2024 ) 

MEG  ( June 17th - July 1st, 2024 )

1. Polyester Filament

The trend of the US dollar fluctuates, and the Crude oil prices rise to a two month high reaching at around 83.53%, which highly supports the cost of polyester raw material.

For the supply side of Polyester, they are still maintaining their strategy of reducing production and raising prices. Their inventory pressure has eased this week due to speculation downstream and the factor of self-reduction in production. On the whole, the upstream keep the prices or increased partialy for some popular items or for the rising cost, while the downstream still mantain a watch-and-see attitude and purchase as per in-hand orders.
    In the short term, the yarn price will continue to be stable, with partialy upward adjustments. For the long term, attention should to be paid to changes in the operating rates of upstream and downstream industries.

2. PSF

Recently, most PSF factories have increased by cny50-cny100/ton every few days on several consecutive weeks, with decent transaction volumes. In the night session, there is slight weakness and fluctuations in the prices of PSF futures, but supported by production and material costs, the downward adjustment of PSF is limited, and the overall price will be on maintaining stability. It’s recommended that you can purchase as per orders or stock up moderately if the prices are in acceptable range.

3.VSF

The VSF market was relatively calm over the weekend.There is currently no clear bearish sentiment. It’s recommended that maintain normal raw material inventory and replenish monthly usage during promotional periods.

4. Spandex  

The Spandex market is general and deal is based on negotiation. It’s recommended that buyers follow up based on orders and demand.  

5. Nylon 

The prices of pure benzene are currently divided, but the prices of main futures contracts are low. Currently, there is sufficient supply of CPL, while the transaction is not good. The conventional spinning chips behave with downward trend continuously . It is recommended try to sign orders and purchase goods based on demand.