WTI (6th Jan., 2020- 20th Jan., 2020)
Crude oil: USD 58.54/barrel
PX (6th Jan., 2020- 20th Jan., 2020)
PX: USD 796/ton
PTA (6th Jan., 2020- 20th Jan., 2020)
PTA: USD 610/ton
MEG (6th Jan., 2020- 20th Jan., 2020)
MEG: USD 590/ton
Most terminal enterprises in Jiangsu & Zhejiang of China have left for CNY holiday since last weekends. The polyester capacity was 77.7% last Friday, and will fall to a low position this week.
The overnight slight increase of crude oil led to fluctuation of polyester raw materials. Current days have come with shutdown on the end, and clearly low market trading due to the CNY holiday. It predicts that the polyester market would keep stable; please focus on the upstream raw material trend, polyester plant situation and downstream stock-up. It is suggested that you can purchase as per your firm demand in order to avoid any market risk.