WTI

Crude oil: USD22.63/barrel

PX: US523/ton

PTA: USD 450/ton

MEG: USD428/ton

Market Trend:

Affected by the epidemic, global financial markets are not optimistic, plus the crude oil falling, which makes short-term polyester cost end extended weak shock. Export orders obviously declining, Terminal demand continues to be constrained. Under the pressure of inventory products processing fee may be compressed. The polyester market is expected to be weak fluctuate. Focusing on macro trend, the trend of polyester raw materials and downstream bargain-hunting mentality.