Zhejiang issued a notice to suspend orderly electricity use, foreign textile production capacity is recovering, Hengli and Shenghong are entering new energy and new materials, and Nantong has begun “power rationing” again…
Let’s take a look at what’s new this week!
Zhejiang issues notice to suspend orderly electricity use
Zhejiang Province has completely canceled orderly electricity consumption! On November 7, the Zhejiang Provincial Energy Bureau issued the “Notice on Suspension of Orderly Power Use Measures” stating that it decided to suspend the province’s orderly power use plan starting from November 8!
As soon as the news came out, the textile people’s circle of friends went completely crazy! But many people also doubt the authenticity of the information! After checking with many local friends, I found that after the document was leaked, many terminal manufacturers have received the notification so far! The authenticity of the document was confirmed.
Huangyan District, Taizhou City, Zhejiang Province: Issued notice to suspend orderly electricity use
Jinhua City, Zhejiang Province Eastern District: Issued an emergency notice to cancel orderly electricity use!
Ruian City, Zhejiang Province: Issued a text message notification to suspend orderly electricity use!
Even many users in Yuyao, Jinhua and other places have expressed the authenticity of the news on major information platforms, although some There are still power cuts in the region, but more and more factories have been notified.
The editor has something to say: The cancellation of power restrictions this time does not mean that power security has been fundamentally relieved. In the future, dual energy consumption control and power supply guarantee measures will still be increased. , and will continue to start orderly power consumption when necessary. But in any case, the cancellation of “orderly electricity use” does give textile companies a chance to breathe!
Foreign textile production capacity is recovering
In September, some textile companies reported that overseas orders had been placed one after another. Weaving factories were crowded and lined up, and dyeing factories were also in a state of liquidation. The number of foreign trade orders increased significantly. Also according to customs statistics from January to September 2021, my country’s cumulative export volume of textiles and clothing was US$227.594 billion, a year-on-year increase of 5.47%, of which the cumulative export volume of textiles was US$105.179 billion, a year-on-year decrease of 10.83%; the cumulative export volume of clothing was US$122.415 billion. , a year-on-year increase of 25.13%.
On the 27th, the domestic futures market once again staged a “limit-down wave”. The “three brothers” of coal fell to the limit in the day and then fell to the limit again in the night, and the limit fell “for twice.” Relevant departments have recently held a series of coal price limit meetings and clarified mechanisms for ensuring supply and cleaning up illegal production capacity. The market sentiment has clearly reflected the market sentiment, with both thermal coal and double coke falling by the limit, and ethylene glycol, which accounts for more than 36% of the coal chemical plant’s production capacity, also followed the extreme market sentiment and fell by the limit. On the 27th, the main contract of ethylene glycol futures fell to the limit, down 8%.
The editor has something to say: Due to the global supply and demand mismatch and logistics barriers caused by the epidemic, orders have been moved forward. With the resumption of production and work in traditional textile processing bases such as India and Vietnam overseas, , which will also divert away a wave of potential demand.
Hengli and Shenghong enter new energy and new materials
Through this mainland China rich list, the definition of Hengli Group has changed from chemical industry in previous years to new energy. It is understood that , under the “double carbon” goal, new energy materials will become an important aspect of the extension of Hengli’s petrochemical industry chain. At present, the company has substantially started various preparations for the construction of new lithium battery separator product production capacity, including separator equipment procurement negotiations and core talent market recruitment.
Although Shenghong Group, which is also on the list, is still defined in the chemical industry, its development of the new energy market is no less than that of Hengli. At present, Shenghong Group has begun rapid implementation in three major directions: new energy, high-performance new materials, and low-carbon green industries:
Focusing on the new energy field, it has deployed hydrogen energy and wind energy , solar energy and supporting new material projects, building a million-ton world-class EVA photovoltaic material production base, lithium battery separator materials and other major new energy demand projects; focusing on the field of high-performance new materials, layout and construction of the country’s largest POE and other high-end polyolefin material projects , as well as major national strategic demand projects such as nylon 66 special engineering plastics;
Focusing on the low-carbon green industry, layout and construction of million-ton degradable plastics, comprehensive utilization of carbon dioxide, recycling and purification and other environmentally friendly new material projects.
The editor has something to say: Rapid deployment in the field of new energy and new materials is not only the development trend under the background of “carbon neutrality”, but also the industry chain.The only way to develop. The large-scale and rapid deployment of leading companies, especially large refining and chemical companies, in hard technology fields such as new energy and semiconductor materials has become a historical necessity.
Nantong begins “power rationing” again
Nantong is also one of the important textile clusters in Jiangsu, and the textile industry chain will inevitably be affected. The editor knows many textile owners with factories in Nantong, and some of them cried to the editor that production has been restricted again, and they are the first region to do so. The production restriction period is the longest in Jiangsu. “It’s finally back to normal. The output has just come up, and production restrictions have begun again. The production plan has been disrupted again, and the orders just received have to be postponed again.”
Recently, cold-proof fabrics have once again As the temperature rises and demand increases, the supply of gray fabrics may derail again. During the “Double Eleven” e-commerce festival, sales reached their peak. Many garments are pre-sold, that is, reproduced according to orders. If the downstream supply of gray fabrics is not timely, this order will be affected. If we encounter production restrictions again, you can imagine the level of congestion. Therefore, the bosses may be frantically urged to place orders next!
Therefore, according to common practice, manufacturers will produce a certain amount of gray fabrics in advance before the Spring Festival to cope with the wave of orders at the beginning of the year. But like Nantong, which directly limits production until the end of the year, it will be difficult to stock up. Therefore, it will also affect orders for next spring and summer.
The editor has something to say: The impact of this production restriction in Nantong mainly depends on two important factors: the order reception situation in the future market and whether the scope of production restriction is expanded.
Market Review
Polyester :
As for PTA, the price of PTA rose first and then fell this week. Due to the poor supply and demand fundamentals of PTA, the market accumulation expectations in November are strong. Although the price of crude oil in the upstream of PTA mainly fluctuates at high levels and the cost support is relatively stable, PTA is subject to weak supply and demand fundamentals, and the price is easy to fall but difficult to rise.
In terms of polyester filament, polyester filament was stable but fell this week. Prices fell slightly in the first half of the week, and overall prices rose slightly, but overall production and sales were average. Polyester raw materials have stopped falling, downstream weaving companies are still cautious in purchasing, and polyester yarn may adjust its trend.
In terms of profit, PX’s loss this week was slightly smaller than last week, and its loss is currently narrowed by US$4/ton. In terms of PTA, its losses decreased this week, and its current losses are around 70 yuan/ton. In terms of ethylene glycol, profits have decreased again this week, with a current loss of US$70/ton. In terms of polyester filament, polyester yarn manufacturers are promoting promotions this week due to stable costs; FDY150D’s profit has dropped, and the current profit is 665 yuan/ton; POY 150D’s profit has dropped, and the current profit is 819 yuan/ton; DTY 150D’s profit has decreased, and the current profit is 877 yuan/ton; Ton.
In terms of operating rate, the average operating rate of PTA was 72.2%, a decrease of 1.8% from last week; the real-time operating rate was 72.2%, and the real-time effective operating rate was 79.8 %. In terms of polyester, the average polyester load decreased by 0.3% to 84.7%. In terms of weaving, the quantity of gray fabric shipments has decreased, and the recent weaving operation rate has remained at around 75%.
In terms of production and sales, the polyester yarn transaction atmosphere in the market this week was average. Due to stable cost-end prices, sluggish production and sales, and price stability. Resistance to high prices in the downstream has intensified, and production and sales have gradually weakened. Overall production and sales are around 30% to 60%.
In terms of inventory, from the statistical data of China Silk City Network, the overall inventory of the polyester market is now concentrated in 19-29 days; in terms of specific products, Among them, POY inventory is around 19-22 days, FDY inventory is around 18-20 days, and DTY inventory is around 20-28 days.
Weaving: It can be seen from the Shengze Index of the Ministry of Commerce that the operating rate of downstream weaving enterprises has rebounded and has returned to a high level. “Dual control” power restrictions have been temporarily cancelled, and production capacity has gradually recovered, but the spot supply of some specifications is still tight. At present, the weaving operating rate in Shengze area has rebounded to around 78%; market shipments have continued to rebound, and the overall gray fabric inventory has dropped to around 28.3 days.
Printing and dyeing:
The printing and dyeing market is very active this week, and the number of gray fabrics dyed is the same as last week. . This week, the production situation has basically returned to normal, and the production capacity is normal, but the situation of liquidated warehouses has not been alleviated.
Currently, the startup rate is stable at 85%. Most manufacturers have an startup rate of over 90%, and a few manufacturers have an startup rate of around 70%. In terms of gray cloth entering warehouses, it continues to improve, and the overall quantity is not much different from last week.
In terms of products, conventional products such as elastic fabric, nylon and pongee performed well. Other products are also dyed, and the overall dyed products are relatively mixed.
In terms of delivery time, although production capacity has been increased, the early congestion has not been alleviated, and the delivery time is difficult to improve for a while, being around 15-18 days.
Outlook
As the price of polyester filament fell this week, the prices of most gray fabrics began to fall. In terms of production capacity, the “dual control” policy in many places has been eased, and production capacity is gradually recovering. However, dyeing factories are still In a crowded state, the market is expected to have a wave of orders before the end of the year, and the market outlook will be a mixture of long and short.
�Not much difference.
In terms of products, conventional products such as elastic fabric, nylon and pongee performed well. Other products are also dyed, and the overall dyed products are relatively mixed.
In terms of delivery time, although production capacity has been increased, the early congestion has not been alleviated, and the delivery time is difficult to improve for a while, being around 15-18 days.
Outlook
As the price of polyester filament fell this week, the prices of most gray fabrics began to fall. In terms of production capacity, the “dual control” policy in many places has been eased, and production capacity is gradually recovering. However, dyeing factories are still In a crowded state, the market is expected to have a wave of orders before the end of the year, and the market outlook will be a mixture of long and short. </p
