Market Trend

WTI/Brent ( March 4th - March 18th, 2024 )

PX  ( March 4th - March 18th, 2024 )

PTA( March 4th - March 18th, 2024 )

MEG( March 4th - March 18th, 2024 )

1. Polyester Filament

 The Crude oil price continued to be strong due to some market concerns that is caused by frequent attacks on Russian refineries, several major mainstream institutions’ support for the OPEC+'s extension of production cuts and the reduction of supply expectations in the second quarter etc.

On production side, the operation rate of the downstream are temporarily maintained at a high level. Currently, factories mainly kept the prices and narrowed the negotiating space. It’s suggested that you can purchase as per your order to avoid any risks.

It’s expected that the cost will keep strong shock in the short term. In the long term, it’s necessary to pay attention to fluctuations in raw material cost, polyester load, and the international situation.

2. PSF

  The PSF market performs general and transaction is based on negotiation. Crude oil rose in the night session, the futures of polyester raw materials and PSF remained volatile. Factory’s quotations maintained stable in early trading.

3. VSF

The market of VSF overall kept stable. High-end major manufacturers have got enough orders last week, so they are delivering goods actively this week. Factories mainly remained prices and executed in-hand orders and partial deals were based on negotiation. It’s recommended that you can keep a certain level of inventory to avoid any risks.

4. Spandex

There is no big change on Spandex market. Sellers ship in-hand orders actively and narrow negotiating space for some popular lot number. It’s recommended that you procure based on your orders and demand to avoid any risks. 

5. Nylon

  The price of pure benzene is consolidating. The CPL spot supply was relatively loose, making the price difficult to rise or fall. The downstream of conventional spinning chips replenished the goods based on their firm demands, and the high-speed spinning is mainly focus on contract execution. It is recommended to purchase as per your demands.