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[In sharp contrast to the stock market surge, the volume and price of raw materials and grey cloths in the textile market have fallen]
Release date:[2020/7/7] Read a total of [477] time

On the 6th, the Shanghai Composite Index continued its strong momentum, breaking through the 3200 and 3300 points during the session, closing at a new high since February 2018, and successfully achieving the "Five Lianyang".


The daily turnover of Shanghai and Shenzhen reached 1.5661 billion, which exceeded 3 trillion for three consecutive days. The sentiment of the stock market is hot, and some brokerage apps have even been down due to the large volume of transactions in the two markets.


In sharp contrast to the skyrocketing stock market, the volume and price of raw materials and grey cloths in the textile market have both declined. Textile people can't help but "spit": without comparison there is no harm, it is really too difficult!


raw material

The price "floor price", production and sales once again caught 40%


Since last year, the price of polyester filament has been in a downward channel, and the positive news occasionally stimulated the rise, which did not continue. Without substantial support from the terminal, the price of polyester yarn is difficult to improve. Especially in the traditional off-season of the textile market, the price of polyester yarns has started to fall and fall again, and all the previous increase should be dropped.


The price fell, but it still could not be sold. Recently, the production and sales of polyester filaments have been maintained at around 40%. Weaving manufacturers have a clear wait-and-see attitude, and the manufacturers' promotional and promotional methods have also failed. It is difficult to make breakthroughs in production and sales. As a result, polyester manufacturers fell into a state of difficulty in production and sales, and continued to accumulate inventory. At present, the average inventory of polyester plants has risen to around 26-36 days, and showing an upward trend.


The price of polyester yarn is largely guided by the news. Today, the price of crude oil has reached the $40 mark, but it is still difficult to inject the cardiotonic agent into the polyester market. In addition to the weakening of downstream weaving demand, the important reason is Lack of upstream PTA and ethylene glycol cost support. The price of PTA and ethylene glycol is already at a low level, and it is still facing the expectation of commissioning in the later period, the pattern of overcapacity is intensified, and the probability of price decline is too high. For the polyester yarn market, uncertainty has also increased.


Grey cloth

The price has dropped so much that there are no "pants", and the inventory is refreshing high


Compared to the miserable, this year's market, probably no one can miserable weaving enterprises.


Since last year, due to the double-sided impact of overcapacity and Sino-US trade frictions, weaving companies are not receiving orders, coupled with tight capital chains, terminal demand has been sluggish, and many companies have closed their doors. In 2019, weaved people bear the imprint of "one year's difference since employment", but some people say that it may be a good year in the next three years. So, just beginning this year, the epidemic black swan impacted the entire global industrial chain, and textile companies could not be alone. In February, almost the entire textile market was shut down. In March, the market started to move, but it was just a list of the previous year. There were few new orders, especially foreign trade orders, and only news of cancellations and delays.


In the post-epidemic era, the economy began to recover slowly, but the real feedback to the textile market shows that there is no obvious sign of recovery in demand, especially the export pressure on foreign trade is still very large.


In terms of weaving, the order situation is still unsatisfactory. At present, the operating rate of looms in Shengze area is around 70%, and some manufacturers have ended their holidays after the Dragon Boat Festival. The operating rate has increased. However, according to the interviews, since most companies are already in the inventory of weaving machines, the operating rate of looms in the later period has further declined. Probability event.


The continuous result of weaving cloth but not selling it is the continuous increase in the inventory of grey cloth.


Conclusion


The closely linked upstream and downstream of the textile industry chain, the views on the textile market are almost the same, not optimistic. At present, both raw materials and grey cloths have fallen to a bottom position, and there is not much room for decline, but the motivation for rising is lacking. Textile products cannot "arbitrarily increase prices" like pork, and can only earn every penny before the loss comes.


Taixing Hongyang New Material Technology Co., Ltd. has a professional R&D and production team, introducing advanced technology and equipment, and is committed to the production of high-quality polypropylene high-strength yarn, polypropylene aerial yarn, polyester aerial yarn, webbing and other products! The company is still developing and expanding, and we look forward to a win-win cooperation with you!


If you want to know more product information, please contact: Liu Xuelian 18914408040 Website: http://lnxnc.cn/


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