1. Tongxiang stops all texturing and polyester load reduction! Textile companies are confused: power rationing control has begun again! (Popularity: ★★★★★★)
It is understood that the Zhejiang area once again received power restriction control measures on the 29th, among which the Jiaxing area of Zhejiang Province started from 10 The D-level plan for orderly electricity use will be launched on October 28. Texturing companies in Tongxiang area will be suspended from October 28 to November 4, and polyester companies will be closed daily from October 28 to November 18. From 17:00 to 9:00 the next day, the load reduction operation will be carried out. From 7:00 pm on October 28, Class B enterprises in Guali, Suoqian, Heshang and other towns in Xiaoshan, Hangzhou will be divided into three groups and suspended for 2 days each week, and Class A enterprises will be divided into 2 groups. Stop one day each week for 20 days.
2. Dyeing factories are liquidated, gray fabric prices are rising, and the terminal market is also showing signs! (Popularity: ★★★★★)
In the Jiangsu and Zhejiang textile markets, most dyeing factories have experienced liquidation and delivery times have become abnormal. nervous!
According to feedback from fabric traders, the delivery time of today’s finished fabrics is very long. The delivery time for light dyeing is more than 20 days. If the gray fabric needs to be custom-woven, it will take another 20 days. about. With such a long delivery time and lack of stability, it was difficult to give a delivery date for finished products, so many traders refused to accept orders.
Similarly, weaving companies are also facing a peak in orders. Some companies said that the order volume has exceeded their production capacity. Some companies have even begun to refuse orders. Manager Chen, who mainly produces functional fabrics, said: “Our orders have been scheduled until next year. You can see that there were still orders placed at 5 o’clock this morning. We rejected those whose delivery dates could not be agreed upon.”
3. The continued rise caused downstream conflicts, and the price of polyester filament became loose! (Popularity: ★★★★)
At the end of September, the price of polyester filament increased with the cost end, and the rising tide lifted all boats. In polyester On the first day when the factory released the price increase news, polyester yarn production and sales surged. In the following days, the polyester yarn trading atmosphere was heated due to the “buying up” mentality of downstream companies, and polyester yarn stocks also dropped significantly. Today, one month later, polyester filament production and sales have been below 50% for 6 days. Production and sales have continued to be sluggish, and inventory has begun to rise, returning to 20 days of inventory.
Behind the deserted production and sales is the rapid rise of resistance among downstream weaving manufacturers. The current price increase of gray fabrics for polyester products is around 15%. We see polyester prices again, month-on-month. Before the price increase last month, the price increases of conventional polyester yarns were: 150D FDY increased by 21.9%, 150D POY increased by 25.5%, and 150D DTY increased by 23.6%. The downstream price increases were completely unable to fill the profit difference. , which makes most weaving companies choose the purchasing strategy of on-demand purchasing and wait for the price of polyester yarn to drop.
Negotiations have begun on some products a few days ago, and the quotations for some specifications of polyester filament have been significantly reduced by 100-500 yuan/ton.
4. “Coal is super crazy” or not, polyester raw materials are experiencing a “limit-down trend”! (Popularity: ★★★)
“Coal is super crazy”, no longer crazy! Thermal coal is no longer making great progress. Thermal coal futures fell by the limit for three consecutive trading days last week, with a cumulative decline of more than 30%.
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 58,000-ton ethylene glycol unit may be put into trial operation in November, and polyester raw materials are under pressure again (Hot:★ ★)
The issuance of crude oil quotas has increased the load of PX. At the same time, the commissioning of the second phase 2# 2.5 million tons unit will also be put on the agenda, and PX production capacity will still be further expanded. For polyester raw materials, the issuance of quotas has increased supply or supply expectations. However, the PX-NAP price difference may still be difficult to expand significantly, and the direct cost support for PTA is weak.
Especially for ethylene glycol, the new 800,000-ton unit of Zhejiang Petrochemical Phase II 2# is the largest unit planned to be put into operation in the near future. Previously, due to the Due to crude oil quota issues, the load cannot be increased and some installations are delayed. Among them, the commissioning of the second 800,000-ton ethylene glycol unit in the second phase has been delayed. With the settlement of crude oil quotas, this new integrated 800,000-ton ethylene glycol unit may be put into trial operation in November, which will provide a boost to the currently weak market. More downward pressure on ethylene glycol prices.
6. Vietnam’s textile and clothing exports have returned to the level of 19 years, but nearly 70% of companies have been fined for contract breaches! ��Popularity:★)
Since the outbreak of the fourth wave of the new crown epidemic in Vietnam on April 27, 2021, three industries Severely affected by the COVID-19 epidemic, they are the textile industry, leather luggage and shoemaking industry, and wood products industry. However, in the first nine months of 2021, these three industries still brought Vietnam nearly US$55 billion in exports.
However, recently, representatives of the Vietnam Textile and Apparel Association (Vitas) and the Vietnam Leather, Footwear and Luggage Association (Lefaso) held a press conference on “Joining Hands to Promote the Sustainable Recovery of the Textile, Leather and Footwear Industry” According to the discussion, nearly 70% of Vietnam’s textile, leather and footwear companies have been subject to contractual penalties from partners due to delayed delivery, and many orders have also been transferred. </p
