April 29, 2020

China Market Trend (13th APR., 2020- 27th APR., 2020)

WTI

Crude oil: USD16.94/barrel

PX

PX: US444/ton

PTA

PTA: USD 400/ton

MEG

MEG: USD380/ton

Market Trend:

Upstream materials fluctuate in a narrow range, polyester factory total inventory pressure is still high, also as Labor holiday approaches, downstream plants shutdowns are also increasing, terminal demand is not very strong. But driven by medical products demand yesterday partial production and sales pick up. Polyester market is expected to range trade today. It is suggested that you can purchase as per your firm demand in order to avoid any market risk. Focus on crude oil, the trend of polyester raw materials and terminal demand.

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