Crude oil: USD 40.6/barrel
PX: USD 518/ton
PTA: USD 425/ton
MEG: USD 463/ton
1. Affected by a hurricane, Mexico Gulf oil production shut down. Crude oil lifted last week, polyester raw materials cost slight rebound.
2. On product side, recent downstream order partially improved and market demand is rising somewhat. Both polyester production and sales are good and factory inventory overall declined.
3. Based on above two points, polyester filament prices are rising steadily. Short-term polyester market is expected strong shocks. It is suggested that you can purchase as per your firm demand in order to avoid any market risk. Focusing on crude oil, polyester raw material trend and end demand.
Downstream short-term firm demand remains strong, spandex factories have low inventory and keep high operation rate to meet hot market demand. Raw material cost also remains high level, so spandex prices extended upward trend.