WTI (03^RD JAN.,2023- 30^TH JAN.,2023)

PX (03^RD JAN.,2023- 30^TH JAN.,2023)

PTA (03^RD JAN.,2023- 30^TH JAN.,2023)

MEG (03^RD JAN.,2023- 30^TH JAN.,2023)

1. Polyester filament 

   The polyester raw materials behaved strong in pre-holiday time. Even if the overnight Crude oil decreased a little bit, factories still keep the prices or even increased by 50-200cny/kg on weekend because of low inventory. But for long-term, still need to pay attention to the resumption situation of downstream and the further trend of Crude oil.

2. PSF

The PSF factories are gradually starting up and recovering. Since the downstream doesn’t fully come back, the market behaved general.

Currently, the PSF prices keep stable after rising due to the restriction of the PSF futures. For long-term, also need to pay attention to the resumption situation of downstream and the trend of PSF futures.

3. VSF

As the number of downstream re-production increases, the trading atmosphere of the VSF has begun to appear in the market. Factories keep the price for the time being, and are receiving orders in succession. The market overall keep cautious and is sensitive about the price.

4. Spandex

The price of spandex main raw material PTMEG increased a lot, and the high Spring demand of spandex is also expected, which supports its cost strongly. In the meantime, as the recovering of the transaction atmosphere, most factories have increased by 2000 CNY/TON and rose further yesterday. It is recommended that you can hoard up moderately or purchased as per orders to avoid any risks.

5. Nylon

After Chinese New Year, the price of pure benzene remains strong, this situation also appears on the CPL and Chips. The factory production is resuming gradually, so the overall supply is tight. Currently, the market keeps a watch-and-see attitude. The situation will be more clear next week.