1. Weiya, the first lady who brought the goods, was cold, and the small and medium-sized textile enterprises collapsed! (Hot: ★★★★★★★★)
As soon as the news of Viya’s tax evasion came out, the entire clothing industry was agitated! On the evening of the 20th, the accounts of Weiya Weibo, Taobao Live, Douyin, Kuaishou and other platforms have been blocked. The chain reaction behind this incident is quietly taking place. Behind it, the fabric accessories and clothing manufacturers that rely on their heads to survive are like the Domino brand, which fell to the ground in an instant, and their sales profits were reduced by half.
In any case, live streaming, as a new channel, has become a battleground for all e-commerce companies. It is said that 2020 is the most difficult year. In fact, the most difficult moment has just begun. The epidemic has recurred sporadically at home and abroad, the sequelae of power rationing and production restrictions are still echoing in the ears, and shipping prices have only risen but not fallen. In addition, this time the head The anchor suddenly “collapsed”, and everything seemed to have dealt a heavy blow to the industry at the end of the year.
2. The thermal power plant stops steam supply in advance! This year’s textile market holiday may be half a month to one month ahead of schedule! (Hot: ★★★★★★★)
In the past half month, various notices and signs of upcoming holidays have appeared in the market many times. But most of them are some individual textile factories or indicate that they may need to notify them of holidays in advance, and the holiday time of most dyeing factories in the market is also determined by thermal power plants. When everyone still thought that the thermal power plant should have a holiday at about the same time as in previous years, they never thought that the thermal power plant would stop supplying steam during the Spring Festival so soon!
Once the textile thermal power plant determines the time to stop steam, it will inevitably mean that multiple dyeing factories will suspend production and take holidays at the same time. At present, some printing and dyeing factories have issued holiday notices for the Spring Festival, and officially have holidays following the supply of steam.
3. One ton surges by 10,000 yuan! Downstream collective frying pot, profits are upside down again! (Hot: ★★★★★★)
The reporter visited a number of clothing companies and learned that clothing fabric prices were very stable in previous years, with few obvious fluctuations. However, since this year, especially from September to November, the various clothing fabrics they purchased have increased significantly. Although the increase has slowed down since December, the prices have remained high. Coupled with the multiple recurrences of the global epidemic this year and the local rebound of the domestic epidemic in many places, the uncertainty of market recovery has increased. In addition, factors such as rising international logistics costs and power rationing have also put great operating pressure on downstream garment manufacturing companies.
Competition in the clothing consumer market is fierce. In order to reduce inventory and increase capital turnover, clothing companies generally dare not increase prices, making it difficult to pass on the costs of upstream price increases to consumers. As a result, the pressure on the prices of cotton, cotton yarn and various chemical fiber products to rise this year will eventually be shared by upstream and downstream fabric factories, clothing companies and other parties.
4. Heartbroken: If polyester filament is “priced up” again, profits will be cut in half! (Popularity: ★★★★★)
Oil prices fell for two days and then rebounded! It soared 4%, the largest increase in the past two weeks. PTA followed suit, but polyester yarn was on sale for over 600 yuan/ton! Up to 700 yuan/ton!
Production and sales have been sluggish for several consecutive days. In order to boost production and sales, it seems that polyester manufacturers have also grasped some “tricks”. When the cost of polyester yarns shows an upward trend, they start promotions and promote once a week. Fortunately, downstream companies are also more generous. Perhaps there is an element of strong promotion in it. A single promotion can change the usual sluggish production and sales, reaching 200%.
The inventory of polyester filament has been at a high level in the past five years. In addition, the downstream enterprises are going on holiday ahead of schedule. Polyester filament will face greater sales and inventory pressure in the future. The difference between supply and demand is too obvious. In order to control the pressure on inventory, polyester manufacturers have to start promotions and the intensity is very strong. Moreover, even if polyester manufacturers start promotions, they will still make profits and can reduce some inventory, as long as Downstream players are still willing to buy in, and promotions can still achieve the results that polyester manufacturers need.
5. Tongkun Jiangsu’s first polyester plant was put into operation, creating a truly integrated industrial base (Hot: ★★★★)
Recently, the first polyester plant of Tongkun Group Jiatong Energy ushered in the grand moment of commissioning. At 08:58 in the morning, five leaders including Zhang Xingguo, deputy secretary of the Rudong County Party Committee and secretary of the Yangkou Port Party Working Committee, Shen Fuqiang, vice president of Tongkun Group and commander-in-chief of Jiatong Energy, and Wang Qingguo of China Kunlun Engineering Company, pressed the start button together. The first set of polyester equipment was officially put into operation.
At 22:58 in the middle of the night, under the expectant gaze of everyone, the first batch of slices was successfully produced. After testing, the indicators were excellent and zero waste was achieved – this marked the start-up of the first polyester unit of the Jiatong Energy Project. A success!
6. The world’s largest spandex manufacturer moves into the west: a production capacity of 360,000 tons is officially put into production! (Popularity: ★★★)
On December 22, Hyosung Spandex (Ningxia) Co., Ltd.’s annual output of 360,000 tons of spandex and its raw material supporting projects was officially put into production. The project was established in January 2021 and officially settled at the Ningdong base in March. The project is owned by Hyosung, South Korea A foreign-invested company jointly established by Tianxi Co., Ltd. and Turkey’s Hyosung Company, it is mainly engaged in the research and development, production and sales of chemical fibers.
It is reported that this project is the largest foreign-owned project in Ningxia’s history. It is also a high-performance fiber project planned and constructed in Ningxia and Ningdong bases, with a total investment of 12 billion.��. After the project is fully completed, it will produce 360,000 tons of spandex and 300,000 tons of polytetramethylene ether glycol series products annually, with an annual sales revenue of 21 billion yuan. The annual new sales revenue is 21 billion yuan, and the annual profit and tax reaches 3 billion yuan.
Based on its exclusive production technology, R&D and global marketing activities, Hyosung Group has developed into the world’s largest spandex manufacturer and has the largest spandex market share in the world.
7. The United States interferes in China’s internal affairs, and Biden signs a bill banning the import of Xinjiang products! (Popularity: ★★)
On December 23, Eastern Time, US President Biden signed the so-called “Uyghur Forced Labor Prevention Act”, which uses so-called “forced labor” as an excuse to ban the import of products from Xinjiang, China.
The bill states that the United States will ban the import of products from Xinjiang, including products that are mined, produced or manufactured in whole or in part in Xinjiang. The U.S. government will also “use all available means” to lead the international community in banning the import of Xinjiang products.
The bill also states that it will focus on banning the import of Xinjiang tomatoes, cotton, polysilicon and other products.
A spokesperson for the Ministry of Foreign Affairs made a statement last Friday regarding the US signing of the so-called “Uyghur Forced Labor Prevention Act” and pointed out that Xinjiang-related issues are not human rights issues at all, but anti-violent terrorism and anti-separatism issues. China is telling the United States that using Xinjiang-related issues to engage in conspiracy and conspiracy will not stop the people of all ethnic groups in Xinjiang from pursuing a better life, nor will it stop China from growing stronger. The U.S.’s actions completely violate market rules and business ethics. They will only undermine the stability of global industrial and supply chains, disrupt international trade order, and harm the U.S.’s own interests and national credibility. It is simply shooting itself in the foot.
8. The spread of the new coronavirus variant Omicron has caused another collapse of crude oil (Hot: ★)
The current rapid spread of the Omicron strain has obviously exceeded previous market expectations and has also introduced new variables in the global vaccination plan. According to a report from the World Health Organization on the 18th, 89 countries and regions around the world have reported cases of Omicron infection of the new coronavirus variant strain; in areas with community transmission cases, the virus spreads at a rate of “doubling the number of cases within one and a half to three days.” “.
The spread of the new coronavirus variant Omicron has caused crude oil to collapse again! Last Monday, international oil prices fell sharply, with the main WTI crude oil contract falling by more than 6% during the session!
As the source product of the polyester market, crude oil naturally plays a guiding role in the market. The correlation between PTA and crude oil has always been relatively strong. Coupled with the recent low profits of the entire industry chain, PTA prices and crude oil will show a stronger correlation. Once cost-side oil prices fall sharply, PTA prices will inevitably fall back sharply.
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