Polyester has experienced a surge this week, PTA has rebounded strongly, spandex prices are difficult to control, and nylon prices have rebounded…
Let’s take a look at what’s new this week!
Polyester is experiencing a surge
Since April, polyester filament has started a weekly promotion model. Until last Tuesday, in just three months, a total of 10 promotions were held. . After each promotion, the price will increase slightly on the second day, but overall it has remained stable.
However, a new situation has emerged after the recent promotion. The three-day supplementary increase in polyester filament has gradually made up for the previous decline. On the second day of the promotion, polyester increased again. The price has been raised, and the promotion price reduction range is 200-300, and the price has been increased by more than 300 in three days. This time and again, it is basically still showing an upward trend!
The editor has something to say: Although the price of polyester yarn has increased, the market is still in the off-season, and textile bosses have difficulty accepting orders and are more cautious when buying yarn.
PTA rebounded strongly
Polyester raw material prices have been strong recently, especially PTA, which has rebounded strongly.
At the end of the month, two major polyester leaders, Yisheng and Hengli, announced that they would reduce the long-term supply of TA in July. Yisheng plans to reduce the long-term contract supply by 30%-70%. The Hengli plan is reduced by 50%. The supply reduction plan has a significant boosting effect on the market, and the price of the main PTA contract reached a new high after the year.
The editor has something to say: PTA’s strong rebound has directly driven the price of downstream textile raw materials. As PTA continues to rise, there will be another wave in the future. Price surge.
Spandex prices are difficult to control
On June 30, a large spandex factory issued another notice that all specifications will increase by 2,000-3,000 yuan/ton, and it will be implemented on July 1! Generally speaking, the raw material end of spandex has stabilized and rebounded, and the demand from downstream terminals has not decreased. In addition, the third quarter has entered the traditional peak season of the industry. The trend of spandex is good. The current factory inventory is as low as less than 15 days. In particular, the spot supply of fine denier continues to be tight, supporting the strong operation of the market. , and after two consecutive weeks of continuous rise, it can be judged that the early low-price supply has been almost exhausted, and the market may enter a new round of stocking stage. The average price of the four common specifications of 20D, 30D, 40D and 70D in the spandex market has approached the 80,000 yuan/ton mark.
The editor has something to say: As a four-way elastic product that has been a hot seller in the market this year, it will definitely rise with the increase in spandex prices. Textile bosses will Please be prepared for price increases in half a year!
Nylon prices have rebounded
As of June 30, the nylon POY price in Jiangsu is 17375 Yuan/ton, an increase of 300 Yuan/ton from last week’s price. Since June, market demand has been light. From the price trend, the price of nylon POY fell in early June. However, since mid-June, manufacturers have been more willing to raise prices, and the market has been weak and stable. At the end of June, affected by the market price of upstream raw material cyclohexanone Due to the impact, manufacturers successively adjusted prices on the 29th. The price of nylon POY in Jiangsu increased by 300 yuan/ton compared with the previous few days.
The editor has something to say: Affected by the cost of raw materials and market demand, the prices of textile raw materials have increased recently. Nylon silk has been the darling of the market recently, and the price will follow the trend in the future. The rise in nylon may continue to rise.
Market Review
Polyester: PTA prices first rose and then fell this week. Affected by the continued strength of crude oil and the announcement by suppliers to continue contracted supply reductions next month, PTA is advancing rapidly. However, the downstream textile market is average and demand is weak. The upward momentum of PTA is not strong. The current mainstream quotation of PTA is 5020-5100 yuan/ton.
In terms of polyester filament, this week’s polyester long Driven by international oil prices, silk prices have risen steadily, and the previous promotions have ended. However, the improvement in the downstream weaving market is limited, and the daily demand for replenishment is mostly maintained, so a cautious attitude remains. It is expected that in the short term, the focus of polyester yarn transactions will remain firm and mostly upward.
In terms of profit, PX suffered a larger loss this week It narrowed slightly last week, and its current loss potential reaches US$111/ton. In terms of PTA, the loss has shrunk this week, and its current loss is around 42 yuan/ton. In terms of ethylene glycol, the loss expanded this week, and the current loss is US$43/ton. In terms of polyester filament, polyester prices have stabilized overall this week, but costs have risen sharply and profits have begun to decrease; FDY profits have reduced to 111 yuan/ton; POY 150D profits have shrunk, with current profits of 161 yuan/ton; DTY 150D losses have expanded.��, the current loss is 89 yuan/ton.
In terms of operating rate, PTA’s average weekly operating rate this week was concentrated at 73.9%, down from last week The real-time operating rate was 71.2%, and the real-time effective operating rate was 79%. In terms of polyester, the average load of polyester this week was concentrated at 92.8%, an increase of 0.3% from last week. In terms of weaving, the weaving operating rate has recently risen to around 65%.
In terms of production and sales, polyester yarn transactions in the market this week The atmosphere is relatively light, and the price reduction promotion that lasted for nearly three months ended this week. Driven by another price increase by polyester manufacturers on Monday, polyester production and sales performed well, but then returned to flatness and currently remain at around 20-50%.
In terms of inventory, judging from the statistics of China Silk City Network, Nowadays, the overall inventory of the polyester market is concentrated at 12-23 days; in terms of specific products, POY inventory is around 9-19 days, FDY inventory is around 12-14 days, and DTY inventory is around 15-25 days.
Weaving: It can be seen from the Shengze Index of the Ministry of Commerce that, The overall transaction atmosphere in the textile market has tended to be stable in the recent stage. Driven by the rebound in foreign trade orders, some autumn and winter fabrics have been booming. Especially for four-sided elastic, the sales volume has driven up raw material prices frequently, and it has also stimulated some downstream weavers and traders to start stocking up in advance. Polyester filament yarns are no longer on sale this week, and prices have also risen many times. Under the mentality of “buying up, not buying down”, downstream weaving companies began to purchase and hoard raw materials. Now the operating rate in Shengze has rebounded to about 65%; in addition, due to good sales of some hot-selling products, the overall gray fabric inventory has now dropped to about 39 days.
Printing and dyeing:
The printing and dyeing market is generally active this week, with little change from last week. The quantity of gray fabrics entering warehouses dropped slightly, and the operating rate was temporarily stable at 72%. Recently, the number of orders received in the domestic market has declined, but the foreign trade market has improved slightly and the number of orders has improved. Therefore, the overall changes in printing and dyeing factories have not been big, and the number of warehouses has dropped slightly, which is not obvious. The market will truly enter the off-season stage, the number of orders may decline again, and the overall busyness of printing and dyeing factories is good.
In terms of products, elastic fabrics, nylon, pongee, etc. are still the main products, and other fabrics lack highlights.
In about 9 days.
Outlook
Textile raw material prices have increased this week. The increase in costs does not seem to be a good thing for the current market conditions, but with the increase in demand, fabric prices will definitely rise in the future.
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