WTI/Brent (June 12^th, 2023 - June 26^th, 2023)

PX (June 12^th, 2023 - June 26^th, 2023)

PTA (June 12^th, 2023 - June 26^th, 2023)

MEG (June 12^th, 2023 - June 26^th, 2023)

1. Polyester filament 

The Crude oil maintains fluctuations within a narrow range. The cost of polyester raw materials follow to change.

The recent upstream fluctuation is not significant, so the factories mainly keep prices table. When the cost falls or factories have inventory pressure, they will have some promotion; If the production and sales is good or the cost rises, they prefer to increase price to some extent or narrow negotiating space. It is expected that the price of polyester products will mainly fluctuate slightly with the cost side in the short term. For long term, it’s important to pay attention to fluctuations in raw material prices, polyester load, and the situation of production and sales.

2. PSF

Yesterday, the PSF market had a weak adjustment and the sales volume was good. The PSF futures fluctuated and consolidated with the cost side. The spot quotations were mainly stable in early trading, and deals were made through negotiations. The market keeps a watch-and-see attitude and purchase as per orders. 

3. VSF

There has been a certain differentiation in the mid and high end of VSF recently. High-end factories performed well in terms of sales orders on hand and order shipment, and the inventory growth rate is also relatively slow, which supports their quotation. However, the mid-end factories are relatively flexible and the transaction is based on negotiation.

It’s suggested that you procure according to your firm demand.

4. Spandex

The prices of spandex has stabilized for the time being. Some dealers stocked up at a low price earlier and mainly shipped goods. Driven by the previously increased prices, some weaving companies are still digesting their inventory. The downstream demand is not so strong and keeps cautious. It is suggested that you purchase spandex as per orders and demand.

5. Nylon

The price of pure benzene fell slightly after the weekend. The price of CPL is expected to gradually decline. The chips market is generally stable for the time being. As the prices of the chips raw material fell, the benefit of chips has slightly recovered.