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Firstly, feedstock crude oil and naphtha weakened. Both PX-crude oil and PX-naphtha spread widened, sharing a same trend. Crude oil hiked before paring gains, hit by lukewarm demand and weak economic sentiment, despite that Saudi Arabia announced to cut production by an additional 1 million barrels
Seeing from the upstream cost side, whether it is crude oil or PX-PTA industry chain, the recent market supply and demand pattern and trading sentiment are relatively weak. Influenced by the global economic recession and inflation, and the continued momentum of aggressive interest rate hikes in Euro
Crude oil futures continued to rise, and the profit of polyester industry chain products continued to be compressed. In addition to PET bottle chips and DTY, all the other products are in a loss. In particular, PTA-PX margin has dropped to negative values for two consecutive days. If acetic acid cos
China methanol futures market was volatile in the first week after the Spring Festival holiday. The most active traded contract for methanol futures on Zhengzhou Commodity Exchange advancing sharply on Feb 7, the first trading day after the holiday, but then snapped the uptrend and slumped starkingl
