WTI/Brent (June 26^th - July 10^th, 2023)

PX (June 26^th - July 10^th, 2023)

PTA (June 26^th - July 10^th, 2023)

MEG (June 26^th - July 10^th, 2023)

1. Polyester Filament 

Recently, the Crude Oil price has kept fluctuating with a rising trend. The cost of polyester raw materials follows to increase.

On products side, factories increased price by CNY300-400/ton on weekend and partially increased further on Tuesday, following the trend of the cost side. The firm demand for polyester products has a good support in the downstream market for the time being. It is expected that prices of polyester products will still have a slight fluctuation in line with the cost side in the short term. For the 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

The production and sales of PSF was not bad last Friday, plus affected by rising crude oil, its spot price increased around CNY300/ton on weekend and increased CNY50-100/ton again on Monday. For the long-term, it’s necessary to pay attention to the continuity of terminal demand. Overall, the market keeps a watch-and-see attitude and purchases as per firm demand. It is recommended that you can procure as per your orders or stock up moderately when the price is in a reasonable level to avoid risks.

3. VSF

The VSF market has entered a relatively stable state recently. The market keeps rigid purchase and mainly executes in-hand orders. It’s suggested that you purchase as per your firm demand.

4. Spandex

Since the beginning of July, the price of PTMEG, the main raw material of spandex, has been rising slightly. The cost of spandex keeps going up accordingly. While the downstream market doesn’t have a strong demand at the moment, factories mainly maintain stable prices lately. It’s suggested that you purchase spandex as per orders and demand.

5. Nylon

The price of pure benzene continues to go up. The CPL supply was tight and prices generally increased on Monday. The production and sales of the conventional spinning market are picking up, while the high speed spinning market is mainly stable. Generally, the downstream market purchased as per their firm demand.