WTI /Brent (07TH NOV.,2022- 22ND NOV.,2022)

PX   (07TH NOV.,2022- 22ND NOV.,2022)

PTA   (07TH NOV.,2022- 22ND NOV.,2022)

MEG  (07TH NOV.,2022- 22ND NOV.,2022)

1. Polyester filament 
News for OPEC+ is considering to increase output 50 thousands barrels/day, whereas it was denied by the Energy Minister of Saudi Arabia immediately, the crude oil fluctuates strongly. In addition, the G7 will announce the Russian crude oil price ceiling on Wednesday, which has also attracted attention.
The price of crude oil unstable, polyester raw material cost side followed to shock.
On production side, due to terminal demand is limited, many factories have started reducing production to release inventory pressure. In addition, near the Spring Festival in China, most of them may suspend production and return home in advance this year. So it is recommended that you can make a order plan and delivery schedule in advance.
 It’s expected that polyester products prices keep fluctuating. For long-term, need to pay attention to the crude oil price, the cost of polyester and production reduction plan.
 
 
 
2. PSF
The PSF market was general yesterday. Due to the futures of PSF decreased, its spot price can be negotiated if there is a firm demand. The market keeps cautious, but for long-term, need to pay attention to whether factories will shut down in advance or not for the coming of Chinese New Year.

 
 
3. VSF
   The overall VSF market is relatively stable. Currently, most factories execute in-hand orders and keep the price. It is said that mainstream factories are willing to reduce production, so need to pay attention to this point in combination with your actual order.
 
 
4.Spandex
Currently, the dealing atmosphere of the Spandex market is general. The market stays in a buyer-oriented market again. Some factories have promotion for spandex, while some factories reduce production. It is suggested that you can purchase as per firm demand.
 
 
5. Nylon
   Driven by crude oil, the market keeps watch-and-see attitude. The price of pure benzene is weak, and the spot price of CPL also shows a downward trend. The overall CHIPS market is stable and downstream most procures as per orders.