WTI/Brent (September 11th - September 26th, 2023)

PX (September 11th - September 26th, 2023)

PTA (September 11th - September 26th, 2023)

MEG (September 11th - September 26th, 2023)

Sept. 29th to Oct. 6th will be the Mid-Autumn Festival and National Day Holiday in China. During this 8-day holiday, it’s expected that more than 21 million people will travel by air. This means that the world’s largest oil importer, China is expected to increase its demand for jet fuel and consequently, the probability of a significant oil price pullback has decreased.

1. Polyester Filament

On Monday, Crude oil fluctuated and had a flat end. The cost of polyester raw materials remained stable.

On the production side, factories mainly keep prices stable. The polyester market is expected to have a quiet atmosphere during the coming holiday. In the short term, it’s expected that the cost side will fluctuate within a certain range, and the price of polyester products will follow the trend. In the long term, it’s necessary to pay attention to fluctuations in raw material prices, polyester load, and the situation of production and sales.

2. PSF

On Monday, the PSF market had an average trading volume and deals were made based on negotiation. During the night trading session, Crude oil dropped slightly, and the futures of polyester raw materials and PSF fluctuated. Factories’ quotations remained stable in the morning session. It’s important to pay attention to the replenishment before the holiday.

3. VSF

On Tuesday morning, the VSF market had a quiet atmosphere. Factories continued to focus on shipping goods. The spot goods still had a tight supply. The market is expected to remain positive and strong in the short term. It’s recommended that you keep a monthly level of inventory.

4. Spandex

Prior to the holiday, the downstream market had different attitudes towards stocking up.

Some procured based on their firm demand, whereas others were still digesting their previous inventory. At the moment, the spandex market consolidated. It’s suggested that you stock up as per your firm orders and demand.

5. Nylon

The price of pure benzene continued to retrace. CPL spot goods faced a thin market, and the price continued to drop. However, the trading volume wasn’t bad on Monday, as demand still exists before the holiday. Conventional spinning chips had dull trading. The price of high-speed spinning spot chips dropped, following the trend of the raw materials. The price of nylon yarn temporarily stabilized, but affected by the raw materials, the downstream was mainly watching. The PA66 market was temporarily stable.