WTI/Brent (10^th Apr.,2023- 24^TH APR.,2023)

PX (10^th Apr.,2023- 24^TH APR.,2023)

PTA (10^th Apr.,2023- 24^TH APR.,2023)

MEG (10^th Apr.,2023- 24^TH APR.,2023)

1. Polyester filament 

The Crude Oil rebounded after weakly fluctuating, the polyester cost end has fallen to some extent but overall still in a relatively stable level.

On production side, with the increasing production reduction volume of downstream, the terminal demand is becoming more and more limited, which affects the production and sales of upstream and their inventory. So there probably will be a promotion before the International Labour Holiday. In the meantime, the travel booking situation in China during the upcoming holiday brings relatively optimistic atmosphere, which is expected to boost the crude oil price. So it is recommended that you can purchase as per orders or hoard up moderately when prices stay in a acceptable level.

For long-term, still need to focus the trend of polyester raw material cost and downstream order situation.

2. PSF

The PSF market was general and transaction based on negotiation. Currently, factories keep price stable, while downstream maintains watch-and-see attitude and purchases as per order urgency.

3. VSF

The VSF market is stable and still executes previous contract steadily. Currently, the downstream has not strong demand and just keeps cautious and purchases as per orders. Some factories will suspend production during holiday, so it is suggested that you can stock up moderately according to your actual need.

4. Spandex

At present the Spandex still stays in a customer-oriented market, the supply is sufficient and deal based on negotiation. Due to the pressure of inventory, some factories have a reduction plan, the industry capacity will go down. It’s recommended that you can purchase as per your firm order or stock up moderately to avoid risks.

5. Nylon

Driven by the Crude oil retreat,the Pure benzene price also follow the market trend of oil, while the CPL keep the stable price. For the chips market, the partial normal-spinning one decreased slightly but overall maintained stable, while high-speed spinning one mainly keeps stable. The market keeps cautious.