WTI /Brent (12TH DEC.,2022- 27TH DEC.,2022)

PX   (12TH DEC.,2022- 27TH DEC.,2022)

PTA   (12TH DEC.,2022- 27TH DEC.,2022)

MEG  (12TH DEC.,2022- 27TH DEC.,2022)

Polyester filament 
The Crude oil continued to rise consecutively, the polyester raw materials price are rushing up again, which strongly supports the cost side. On Tuesday, Russia has banned oil sales to countries and companies that comply with a price cap agreed by Western nations earlier this month, which probably sends Crude oil going up again.
On production side, factories increased 50-150cny/ton today. Due to last week’s good production and sales, factories have no heavy pressure for their inventory. In the meantime, most of them reduce production or suspend production as there is shortage of labor for rising corona virus infection rate. Furthermore, there is an increase for machines maintenance quantity as well. So it is expected that polyester products prices tend to strong shock.
It is suggested that you can purchased as per firm demand or stock up moderately according to plan to avoid risks. For long-term, need to focus on the crude oil price, terminal demand and the situation of factories production.
 
 
2.PSF
 Driven by rising PSF futures yesterday, its spot transaction was improved, and the volume of production and sales partially increased, plus the capacity of factories stayed in a low level, which supports the cost side to some extent. There is almost no preferential privilege on price. So it is suggested that you can purchased according to orders or stock up moderately.
 
 
3.VSF
The dealing atmosphere of VSF is general. But there are still some factories purchasing because of insufficient replenishment. And the holiday time is probably advanced for epidemic. It’s recommended that you can purchase as per your firm order to avoid any risks.

 
4.Spandex
The spandex market behaves general for time being. But the number of infections in China has increased geometrically, and factory workers have decreased and some mainstream factories have informed that they will suspend production and closed at the early of Jan.,2023. So you need to pay attention to the urgent situation of your orders and make a purchasing plan to avoid any extra risks.
 
 
5. Nylon
 The pure benzene price run strongly,while the CPL spot fell slightly, but the actual transaction price of the CPL has not changed from last week, so the chips price remains stable. As for downstream, their spinning is also basically stable, affected by the epidemic and the Spring Festival holiday, most of them have suspended production. The market keeps rigid purchases.