WTI/Brent (20^TH MAR.,2023- 03^RD APR.,2023)

PX (20^TH MAR.,2023- 03^RD APR.,2023)

PTA(20^TH MAR.,2023- 03^RD APR.,2023)

MEG (20^TH MAR.,2023- 03^RD APR.,2023)

1. Polyester filament 

Oil prices have surged after several of the world’s largest exporters announced cuts in production on weekend, which sends polyester raw material cost going higher.

    On products side, driven by the rising raw material, factories increased prices by 100-200 RMB/ton this morning. The cost side is difficult to loosen temporarily because of high losses in polyester production, and market’s follow-up is mainly according to just-need in the short term. For long-term, need to pay attention to crude oil prices, the trend of polyester raw materials and the situation of terminal demand.

2. PSF

On account of the support on raw material cost side, the factories rose the price by 100-150 RMB/ton on weekend and increased again this morning. The cost is keeping rising and the downstream follows to go up. In the meantime, it is necessary to pay attention to whether polyester production reduction will be expanded further. It is still recommended that you can purchase as per your orders to avoid risks.

3. VSF

There is no much change on VSF market. The whole market mainly executes in-hand orders. The VSF prices are expected to remain stable in the short term. It is also suggested that you can purchase as per your firm order to avoid any risks.

4. Spandex

The overall Spandex market is general and the price can be negotiated based on firm order. It’s recommended that you can purchase as per orders.

5. Nylon

Rising oil prices led to the overall recovery of chemicals. Pure benzene price followed the cost to rise slightly and CPL sellers are also willing to push up prices. For chips market, the normal-spinning one increased slightly after its trading atmosphere warmed up, and high-speed spinning one mainly keeps stable.