WTI (30th Dec., 2019- 13th Jan., 2020)
Today’s price of Crude oil: USD 59.04/barrel
PX (30th Dec., 2019- 13th Jan., 2020)
Today’s price of PX: USD 798/ton
PTA (30th Dec., 2019- 13th Jan., 2020)
Today’s price of PTA: USD 610/ton
MEG (30th Dec., 2019- 13th Jan., 2020)
Today’s price of MEG: USD 607/ton
Last week, rise crude oil price have stimulated purchase enthusiasm, accordingly all yarn factories have low and middle stock level, with the coming of Chinese new year holiday, the whole polyester capacity have reduced to 80%. For downstream fabric factories, capacity is just around 30%.
Crude oil ending with a fall, led to fluctuation of polyester raw materials. Recent market confident is not so strong, however, take consider of low polyester inventory. It predicts that the polyester market would keep stable, please focus on the upstream raw material trend, polyester maintain situation and downstream operating rate. It is suggested that you can purchase as per your firm demand in order to avoid any market risk.