According to the Commodity Market Analysis System of Shengyi Society, the trading atmosphere in the polyester filament market was calm on July 14th, with few bulk transactions. Mainstream polyester factories’ quotations remain stable, while some polyester factories have made small-scale reductions. Actual small-scale transactions are mainly negotiated between the two parties. The mainstream polyester filament factories in Jiangsu and Zhejiang offer POY (150D/48F) prices ranging from 6750-7050 yuan/ton, polyester DTY (150D/48F low elasticity) prices ranging from 7700-8050 yuan/ton, and polyester FDY (150D/96F) prices ranging from 6900-7100 yuan/ton.
Today, WTI crude oil futures prices rose to $68.45 per barrel, up $1.88 per barrel. Brent crude oil futures prices rose to $70.36 per barrel, up $1.72 per barrel. On the demand side, the purchasing enthusiasm of weaving and reloading factories is not high, and the overall transaction volume is slow. The inventory of polyester filament from polyester manufacturers is not large, and some varieties are oversupplied. However, due to the psychological pressure of cost, Shengyi Society expects that the overall polyester filament may stabilize in the short term, but it cannot be ruled out that there will be periodic replenishment procurement this week under the support of rigid demand.
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