Clothing exports continued to expand in August this week, Hurricane Ida caused U.S. oil production to decrease, polyester factories continued to promote sales, and the environmental storm hit”…
Let’s take a look at what’s new this week!
Clothing exports continued to expand in August
Data released by the General Administration of Customs on September 7 showed that in U.S. dollar statistics, affected by the decline in textile exports, textile and apparel exports in August continued for the fourth consecutive month. It fell from month to month, but the decline was smaller than that of the previous month; due to the return of overseas orders, clothing exports maintained a good growth momentum, and the export growth rate continued to expand during the month. The cumulative export trend of textile and clothing from January to August was steady, with growth compared with the same period in 2020 and 2019. .
Textile and apparel exports in RMB:
Textile exports are 80.97 billion yuan , decreased by 21.56%, increased by 7.87% month-on-month, and increased by 17.45% over the same period in 2019. Clothing exports were 113.79 billion yuan, increased by 0.05%, increased by 7.02% month-on-month, and increased by 5.29% over the same period in 2019.
Textile and apparel exports in US dollars:
Textiles Exports were US$12.524 billion, a decrease of 14.90%, a month-on-month increase of 7.06%, and an increase of 25.06% over the same period in 2019. Clothing exports were US$17.599 billion, an increase of 8.59%, a month-on-month increase of 6.18%, and an increase of 12.10% over the same period in 2019.
The editor has something to say: Clothing exports have maintained good growth momentum due to overseas return orders.
Hurricane “Ida” causes US oil production to decrease
The latest data and historical records show that Hurricane “Ida” (Ida) has a negative impact on U.S. offshore energy The damage to production made it one of the costliest hurricanes since back-to-back storms in 2005 cut production for months.
Nine days after IDA struck the Gulf Coast, at least 78% of Gulf of Mexico oil and gas production capacity remains shut down. Offshore oil wells in the U.S. Gulf of Mexico produce approximately 1.8 million barrels of oil per day, accounting for 16% of the total daily production in the United States.
Baker Hughes data showed on Friday that the hurricane also caused five U.S. energy companies to It cut the number of oil and gas rigs for the first time in weeks. A total of 99 oil and gas production platforms have been evacuated, down from the original 288.
Hurricane Ida may not be the deadliest or deadliest hurricane ever to hit the United States. A devastating weather event, its initial impact on Gulf of Mexico oil supplies was greater than any other storm in history.
The editor has something to say: Affected by the hurricane, crude oil production capacity has declined, and raw material prices may There has been an increase.
Polyester factory continues promotion
September 9 On the same day, polyester factories once again started price reduction promotions, with discounts of 150-450 yuan/ton;
Since August, promotions by polyester filament manufacturers have become the norm. The effect is acceptable but the sustainability is not as good as expected. After the first few concentrated promotions, the current polyester filament market is in a state of price and no market, with sporadic low prices. The supply and transaction situation is good, and the inventories of most companies are increasing. Overall, polyester filament has been promoted frequently in the third quarter. Although it has entered the traditional peak demand season of “September”, the market demand for polyester filament has not seen a significant increase.
The editor has something to say: Judging from the sustainability of this promotion, it will The market momentum of the industrial chain is still weak.
The environmental storm is coming
According to a previous announcement issued by the Jiangsu Department of Ecology and Environment, the province organized more than 300 people to inspect 127 companies under construction. As of the end of October 2020, all companies were cleared A total of 557 chemical companies have been selected, and we will try our best to start from the source, manage local pollution prevention and control, and maximize energy conservation and emission reduction. During the autumn and winter pollution control work last year, the state also made it clear that it would avoid a “one-size-fits-all” approach regardless of the consequences in order to achieve its goals, and the measure of shutting down all chemical companies was not advisable.
Compared with the past, the battle to defend the blue skies in 2020 is obviously more intense. As the country gets bigger, local governments are tightening supervision and taking stricter measures to control air pollution. With the popularization of environmental protection policies and the strengthening of law enforcement, the chemical industry will suffer from production suspensions and shortages.It is becoming more common, and the chemical market, which is already short of resources, has been greatly affected.
The editor has something to say: In a sense, strict environmental supervision Checking is also a directional guidance for the textile industry, allowing textile printing and dyeing enterprises to be baptized in this green “storm”.
Market Review
Polyester:
PTA prices have been mixed this week. Equipment maintenance boosted PTA prices to rise slightly, but they also fell due to the trend of crude oil. The production capacity of the new device has been moved up, and the PTA of the subsequent maintenance plan has been reduced, and the supply of PTA has increased. It is difficult to see a significant improvement in the start-up of the downstream polyester device. As the supply of materials will increase and the demand side is relatively weak, the PTA social library is in a slightly accumulated inventory state. At present, the mainstream quotation of PTA is 4650-4800 yuan/ton, and it is expected that the price of PTA will fluctuate weakly.
Polyester filament, polyester filament of the week Focus on stability. Some raw material factories conducted price reduction promotions on Thursday, which to a certain extent promoted the shipment of raw materials. However, the discounts were canceled on Friday and polyester prices returned to normal. Downstream textile enterprises are under great operating pressure and try to restock appropriately on promotion days, but their cautious attitude is still obvious. It is expected that in the short term, polyester factories will focus on raising prices, but there is still the possibility of negotiation on actual transactions.
PX’s loss this week increased slightly compared with last week, and its current loss has increased to US$152/ton. In terms of PTA, the loss decreased slightly this week, and its current loss is around 189 yuan/ton. In terms of ethylene glycol, the price has increased this week, and the current profit is US$7/ton. In terms of polyester filament, polyester prices fluctuated this week. Due to manufacturer promotions, profits dropped slightly; FDY profit dropped to 26 yuan/ton; POY 150D profit decreased, and the current profit is 76 yuan/ton; DTY 150D has suffered a loss, and the current loss is 74 Yuan / ton.
In terms of operating rate, the average weekly operating rate of PTA this week was concentrated at 74.0%, an increase of 0.7% from last week; the real-time operating rate was 74.3%, and the real-time effective operating rate was 82.1%. In terms of polyester, the average polyester load this week was concentrated at 87%, falling slightly. In terms of weaving, the recent weaving operation rate has stabilized at around 70%.
In terms of production and sales, the polyester yarn transaction atmosphere in the market this week was greatly promoted and production and sales were hot. The price of polyester yarn was stable and fell. At the same time, because the market was relatively sluggish, downstream textile companies were not very enthusiastic about purchasing, and most of the transactions were in small batches. A cautious wait-and-see mentality dominates. Although some manufacturers have reduced prices, the overall production and sales have reached about 80-90%.
In terms of inventory, statistics from China Silk Capital Network According to the data, the overall inventory of the polyester market is now concentrated in 18-28 days; in terms of specific products, POY inventory is around 15-24 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 downstream gray fabric shipments have slightly increased, and some have recovered slightly. . There was a big sale on raw materials this Thursday, polyester product prices fell, and production and sales exceeded 100. However, with the price correction, production and sales were once again light. The sales volume of gray fabrics for autumn and winter fabrics has begun to increase, especially for nylon fabrics, both volume and price have increased. At present, the weaving operating rate in Shengze area is stable at around 70%; the market demand has rebounded slightly, and the overall gray fabric inventory has dropped slightly to about 39.5 days.
Printing and dyeing:
The activity of the printing and dyeing market began to pick up this week, and the number of gray fabrics dyed increased slightly compared with last week. With the increase in the number of gray fabrics entering the warehouse, the availability rate has also increased to 72%.
Most dyeing factories are operating at above 70%, and a few have lower operating loads. Dyeing factory 50%-60%. We are about to enter mid-September, and the market is gradually coming out of the off-season. The sales atmosphere for gray fabrics has steadily increased, and the quantity has increased compared with last week.
In terms of delivery time, with the increase in the number of warehouses, the overall delivery time has increased to about 8 days.
Outlook
Polyester market promotions are still going on this week, with weaving manufacturers buying at low prices, and polyester production and sales soaring in one day, but the sustainability is not enough, and the “environmental protection storm is coming”. Manufacturers responded to the call, and there are various signs All indicate the instability of the market. The Golden Nine has arrived, and the market has not improved. It may be necessary to wait until October to clear the clouds and see the sunshine again…
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Market outlook
Polyester market promotions are still going on this week, with weaving manufacturers buying at low prices, and polyester production and sales soaring in one day. However, the sustainability is insufficient, and manufacturers are facing the “environmental protection storm” to respond to the call. All signs indicate that the market is unstable. The Golden Nine has arrived, but the market has not improved yet. It may be necessary to wait until October to clear the clouds and see the sunshine again…
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