WTI /Brent 

PX( 17TH OCT.,2022- 01ST NOV.,2022)

PTA( 17TH OCT.,2022- 01ST NOV.,2022)

MEG( 17TH OCT.,2022- 01ST NOV.,2022)

The market news was relatively capricious these days.
Investors expected that the Federal Reserve would slow down the pace of interest rate increase, however, there was a reversal in the middle of process, saying that they may maintain high interest rates for a long time.
Furthermore, API data showed that the US crude oil inventory unexpectedly fell sharply, and Asian stock markets rebounded largely. In addition, OPEC+ raised the medium and long-term world oil demand forecast, which boosted the demand expectation to some extent. It is reported that the US needs to buy back 200 million barrels of oil to supplement its strategic oil reserves. In the meantime, the European Union will impose formal sanctions on Russian oil in December.
 
1.Polyester filament 
The overnight Crude oil rebounded and polyester raw material fluctuated slightly.
One production side, factories had a promotion and the production and sales reached 200% yesterday. Currently, the prices keep stable and the whole market keeps rigid purchasing rhythm.
It’s expected that the polyester products keep range shock. For long-term, need to pay attention to the price of crude oil, polyester cost and production reduction plan.
 
 
 
 
 
2.PSF
    As PSF futures surged yesterday, the deal volume of spot goods increased. Additionally, driven by rising crude oil futures, some factories increased around 50-100cny/ton this morning. And part of facilities have been cut production capacity recently, which supports the cost side. It is suggested that you can purchase as per firm demand to avoid any risks.
 
 
3. VSF
    Recently, the transaction volume of VSF has increased, the price rebounded to some extent. Some mainstream factories also got bulk orders and they are going to push up price. The downstream follows tightly and mainly keeps just-needed purchases.

 
4.Spandex
The spandex prices consolidate in a high level. For some popular items, there are still no space to negotiate. Downstream mainly digests previous stock or purchases as per firm demand.
 
 
5. Nylon
The pure benzene decreased, while CPL spot prices still kept in a high level. The chips market fluctuates slightly, the high-speed spinning one raises its price as CPL futures' price goes up, but there is no big change in normal spinning.