Price trend

According to the commodity market analysis system of SunSirs, the supply and demand were weak, and the price center of polyester filament has remained stable this week. On January 24th, the mainstream polyester filament factories in Jiangsu and Zhejiang quoted POY (150D/48F) at 7,100-7,300 RMB/ton, polyester DTY (150D/48F low elasticity) at 8,300-8,500 RMB/ton, and polyester FDY (150D/96F) at 7,500-7,700 RMB/ton.

Analysis review

This week, the trend of crude oil has shown a volatile trend, although there were some upward driving forces, such as the extreme cold weather in Europe and America stimulating fuel demand, and the intensified supply concerns caused by the new round of sanctions imposed by the United States on Russia, showing a volatile characteristic.

Due to the influence of the Spring Festival sentiment, the polyester filament market had a strong wait-and-see atmosphere, and the trend appears scattered. Downstream procurement has basically stopped, fabric sales in the weaving market have begun to shut down, and there was a large area of weaving parking.

Market outlook

Overall, it is expected that the polyester filament market may operate to be stronger with the cost, with limited fluctuations.

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