WTI/Brent (July 17^th - July 31^st, 2023)

PX (July 17^th - July 31^st, 2023)

 PTA (July 17^th - July 31^st, 2023)

 MEG (July 17^th - July 31^st, 2023)

1. Polyester Filament

On Monday, Crude oil continued to go up. The cost of polyester raw materials increased accordingly. At the moment, factories don’t have high inventory, and the price trend of polyester filament products will follow the fluctuation of the cost side in the short term. It’s expected that the cost side will have a strong fluctuation, causing prices of polyester filament products to fluctuate and go up. It’s important to pay attention to fluctuations in raw material prices, polyester load, and the situation of production and sales.

2. PSF

Driven by the rising cost, the PSF price increased 50-100cny/ton on weekend. On Monday, the PSF market behaved general. During the night trading session, crude oil futures rose, while futures of PSF fluctuated weakly. Factories’ quotations in the morning session were mainly stable and deals were made based on negotiations. The PSF market still has a strong support from the cost side and will remain consolidated in the short term. It’s important to keep a close eye on the market trend.   

3. VSF

On Monday, the VSF market was rather stable and factories didn’t offer new prices at night. The market has a wait-and-see atmosphere at the moment. It’s suggested that you purchase as per orders or wait for the factories’ new policies.

4. Spandex

The spandex market continued to consolidate. The performance of spandex raw materials is strong, and with multiple support such as traditional peak season expectations, the mainstream factories announced that the spandex prices will be increased by 500-1000cny/ton in the early of next week. If you have firm order in hand now, it’s suggested that you purchase before rising.

5. Nylon

The price of pure benzene continued to go up. Driven by the cost, CPL and PA6 followed the trend. The conventional spinning market increased the prices at a relatively slow pace. Factories raised their quoted prices and had a slow growth in the transactions. Affected by the continuous downward adjustment of hexamethylenediamine, the price of PA66 continued to drop, and the market transaction was sluggish. It’s important to pay attention to the trend of bulk commodities and purchase as per firm demand.