WTI/Brent (28^th Apr.,2023- 16^TH May,2023)

PX (28^th Apr.,2023- 16^TH May,2023)

PTA (28^th Apr.,2023- 16^TH May,2023)

MEG (28^th Apr.,2023- 16^TH May,2023)

1. Polyester filament 

Currently the fluctuation of crude oil market is still a normal phenomenon, polyester raw material follows to keep a range shock.

   On production side, there is a lot of reduction plan of PTA machines, plus the price almost touch bottom cost level, so factories mainly maintain prices or have some promotions to release inventory pressure. Recently, the downstream replenishment cycle has approached, the today’s transaction volume has increased, the production and sales have reached 300%. When the inventory pressure has been released to some extent, factories will stop promoting or narrow negotiation space or follow the cost to increase.

Overall, the market keeps watch-and-see attitude and executes rigid-purchase. It is suggested that you can purchase according to order or hoard up moderately when the price reach a relatively acceptable level. For long-term, need to focus on the trend of raw material, the operation situation of polyester and downstream.

2. PSF

 The PSF market is not bad because of factories’ promotion. Its transaction mainly based on negotiation. The whole market keeps rigid-purchase or hoards up moderately when the price stay in a acceptable range.

3. VSF

The VSF market behaves stable. Due to factories have got enough orders last two weeks, at present they are mainly stay in a executing stage and the inventory levels are constantly declining, and even some factories are in a state of tight delivery. So they don’t have operating or inventory pressure and prefer to keep price or increase price if the items are short of supply.

4. Spandex

The Spandex still stays in a customer-oriented market, the supply is sufficient and deal based on negotiation. It is recommended that you can purchase as per orders or stock up moderately when the prices stay in a reasonable range.

5. Nylon

Pure benzene is in a downward trend, and the chips spot has also follow the trend of pure benzene operation. Although the CPL has a low rate of operating, which still gradually launch promotions, its price decreased slightly.