WTI /Brent (14TH NOV.,2022- 29TH NOV.,2022)

PX   (14TH NOV.,2022- 29TH NOV.,2022)

PTA   (14TH NOV.,2022- 29TH NOV.,2022)

MEG  (14TH NOV.,2022- 29TH NOV.,2022)

1. Polyester filament 
The market continued to weigh supply and demand expectations. As the ceiling level of Russian oil prices was higher than the market expectations, worries about the interruption of Russian oil eased. At the same time, it is said that OPEC+ would consider further production reduction in the December meeting, then the oil formed a "v" line reversal.
The recent crude oil is unstable. It rebounded sharply on Tuesday after some days’ decline, polyester raw material cost side continued to keep range shock.
On production side,the production and sales of polyester reached 140% yesterday and factories increased prices by 50-100cny/kg this morning. Currently, terminal demand is still limited, the production reduction has been continuously expanded. In addition, many factories have informed that they will close at the end of Dec.,for the Spring Festival. 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 not bad yesterday. Due to the futures of PSF increased, its spot transaction improved and its production and sales reached 115%. Furthermore, the night futures of Crude oil rose slightly, the PSF kept range shock. The downstream market is mainly just need to purchase.

 
3.VSF
   The overall VSF market keeps stable. Currently, most factories execute in-hand orders and keep the price, and the spot transaction is based on negotiation. It’s recommended that you can purchase as per your firm order to avoid any risks.



 
4.Spandex
Currently, the transaction atmosphere of the Spandex market is general. The market still stays in a buyer-oriented market.The deal of firm demand is also based on negotiation.
 
 
 
5. Nylon
   Because of rising crude oil, the price of pure benzene rebounded slightly. But affected by the drop of pure benzene the previous day, the spot transaction price of CPL dropped. The overall CHIPS market is stable and downstream most procures as per orders.