Market Trend

WTI/Brent ( August 12th - August 26th, 2024 )

PX  ( August 12th - August 26th, 2024  )

PTA ( August 12th - August 26th, 2024  )

MEG  ( August 12th - August 26th, 2024  )

1. Polyester Filament

On Monday, international crude oil prices surged sharply after several days of consecutive declines, with a short-term oversold market showing signs of recovery. When the eastern government of Libya announced that due to force majeure, it would halt all oil production and exports. This announcement significantly boosted oil prices and accelerated the rebound.

On production side, the price of polyester filament has dropped, with overall production and sales volume increasing. The spot prices of PTA and MEG rose during the day, leading to a slight increase in polyester raw material costs. The upstream raw materials stabilized and rebounded, coupled with promotional discounts from polyester filament factories, which alleviated short-term inventory pressure for factories. Continued attention is needed to see if raw material costs can stabilize and if there are signs of a demand recovery.

2. PSF

The PSF market showed strong fluctuations. With raw material prices rebounding, PSF prices increased, and transactions improved. Attention should be paid to the strength of the raw material rebound.

3. VSF

The market for VSF remains stable. During the Shanghai Yarn and Fabric Exhibition, viscose manufacturers will engage in extensive interactions and communications with downstream companies. It’s recommended that maintain normal raw material inventory and continue fulfilling contracts as usual.

4. Spandex   

The spandex market has risen slightly, and spandex sellers are actively shipping, with large volumes being negotiated downwards. It is recommended that buyers follow up based on orders and demand.

5. Nylon  

Crude oil continues to rebound, and domestic bulk commodities also generally rose. The price of the pure benzene market followed suit and strengthened. The CPL market is seeing a standoff, with prices expected to remain stable. The price of PA6 chips and nylon filament remain stable. It is recommended that appropriately replenish inventory during low prices and temporarily observe when prices are high.