Market Trend

WTI/Brent ( July 8th - July 22nd, 2024 )

PX  ( July 8th - July 22nd, 2024 )

PTA ( July 8th - July 22nd, 2024 ) 

MEG  ( July 8th - July 22nd, 2024 )

1. Polyester Filament

Recently, the international crude oil prices have fluctuated with a downward trend.The cost of polyester raw material followed accordingly.

On production side, in the previous time, chemical fiber leaders chose to keep or raise prices by reducing production due to poor cash flow whatever the crude oil go up or go down. While, currently, given the weak demand in the traditional off-season and unfavorable high-temperature environment for production, there is a possibility that terminal texturing and weaving operations may tend to weaken. So the gamble between the upstream production cuts and downstream low operation exists at this stage, and the rebalancing of supply and demand awaits further instructions by market. It’s recommended that pay attention to the volume of production and sales.

2. PSF

The recent PSF market showed shock consolidation stage. During the night session, crude oil experienced a slight decline, and polyester raw materials as well as PSF fluctuated and consolidated. This morning, spot prices mostly remained stable, and transactions were negotiated on a per-order basis.

3. VSF

The VSF market continued to remain stable. Market attention has increasingly focused on the trend of new contract prices. The atmosphere released by fiber factories is somewhat optimistic, but for now, there are no significant adjustments. It’s recommended that maintain a normal inventory of raw materials and replenish monthly usage during the promotion period as usual.

4. Spandex   

The spandex deals are mainly based on negotiation, with buyers mostly following up as needed. In the short term, spandex may experience slight adjustments in the bottom range. It is recommended that buyers follow up based on orders and demand.                                                                                                                                                                                              

5. Nylon  

Pure benzene price remains stable, CPL prices has slightly increased, and the price of conventional spinning chips is mainly stable, while the spot of high-speed spinning chips behaves active and the transactions have improved. It is recommended to restock when prices are low and be cautious about chasing high prices.