Market Trend

WTI/Brent ( April 8th - April 22nd, 2024 )

PX  (  April 8th - April 22nd, 2024 )

PTA(  April 8th - April 22nd, 2024 )

MEG( April 8th - April 22nd, 2024 )

1. Polyester Filament

There is no big news on the market, the Crude oil fluctuated within a narrow range, the polyester raw material keeps stable.  

On product side, it is expected that the texturing and weaving operation rates can still be maintained in the second half of April, and the main focus is on the possibility that the factory inventory pressure will be reduced before and after May Day holiday. Currently, the market has a watch-and-see attitude and the transaction is based on negotiation. It’s suggested that you can purchase as per your orders to avoid any risks. In the long term, it’s necessary to pay attention to the trend of polyester raw material cost, polyester load, and the international situation.

2. PSF

The PSF market performs general. The Crude oil fell slightly in night session,the futures of polyester raw materials and PSF fluctuated and consolidated accordingly. Factory’s quotations kept stable in early trading and the deal of firm order is based on negotiation.

3. VSF

 Recently, there has been an increase contacts and exchanges between upstream and downstream, and it is expected that an in-depth analysis of the current situation and market outlook will be conducted. At present, the quotations of VSF is relatively stable and the transactions are mainly based on negotiation. It’s recommended that you can purchase as per orders to avoid any risks.

4. Spandex

 The spandex market is general and the deal is mainly based on negotiation. It’s recommended that you procure based on your orders and demand.

5. Nylon

Recently, there has a slight pullback in the pure benzene market. The CPL spot price shocked. The deal price of Conventional spinning chip went down slightly, while high-speed one was overall stable. One the whole, downstream replenishes according to orders. It is recommended to purchase as per your demands.