Hengli Petrochemical leads the microfiber industry this week, Hengyi and Wanhua signed a strategic cooperation agreement, the price of spandex raw materials has increased again, and the Indian epidemic has pushed up shipping costs …
Let’s take a look at what’s new this week!
Hengli Petrochemical leads the microfiber industry
A few days ago, Jiangsu Deli Chemical Fiber Co., Ltd., a subsidiary of Hengli Petrochemical, began mass production of ultrafine fibers with a single filament fineness of 0.2 denier (D) and a specification of 15D. /72f is one of the thinnest ultrafine fibers that has achieved mass production of monofilaments in China. Only one kilogram of monofilament can circle the earth’s equator. Also achieving mass production is the high-density fabric microfiber 5D/6f independently developed by its subsidiary Jiangsu Hengke New Materials Co., Ltd. This fiber has the finest bus density in the country and can be used in the electronic information industry, such as mobile phone circuit boards and radio wave shielding substrates. Bu et al.
The editor has something to say: As a well-known domestic chemical company, Hengli Petrochemical’s polyester products in the downstream of the industrial chain mainly focus on market differentiation and high-end technology. , business integrated development path. Relying on its advantages in raw materials, Hengli Petrochemical continues to develop towards refinement and differentiation.
Hengyi and Wanhua signed a strategic cooperation agreement
In order to strengthen corporate cooperation and achieve mutual benefit and win-win, on June 1 , Zhejiang Hengyi Group Co., Ltd. and Wanhua Chemical Group Co., Ltd. signed a strategic cooperation agreement.
According to the agreement, the two parties will develop a comprehensive cooperative partnership based on the principle of “equality, voluntariness, mutual benefit, and common development”, and develop projects in the downstream petrochemical industry chain, Carry out all-round cooperation in research and development, trade, overseas project operations and other aspects. At the same time, the two parties will establish a joint venture in Brunei as an investment entity to carry out cooperative business.
The editor has something to say: Hengyi Group and Wanhua Chemical have joined forces to give full play to their platform resource advantages in overseas projects and technological innovation, and jointly open up A new chapter and a new era together.
The price of spandex raw materials has increased again
Caught off guard, as an important chemical fiber for downstream elastic fabrics The price of raw material – spandex has increased again!
According to price monitoring, domestic spandex market prices have continued to rise since mid-to-early May. On June 2, the spandex market in Jiangsu has continued to rise. , the current average price of 40D specifications is above 69,400 yuan/ton, an increase of more than 2.66% from May 13, and a year-on-year increase of 117.55%.
The editor has something to say: Support from the cost side has become an important factor in the early spandex price increase, but this time the spandex rise is an exception. On the contrary, the spandex market The support has become the guarantee for the strength of upstream raw materials.
The epidemic in India has pushed up shipping costs
Currently, many countries in Southeast Asia are experiencing an epidemic crisis and factories are shut down. , shipping congestion, prices and no cabins are becoming more and more serious! Some people in the industry predict that the industrial chain may return to China, the demand for bulk commodity exports may increase, and freight prices will rise again!
According to a CCTV reporter’s investigation, the space on routes from Guangzhou and Shenzhen to India and Pakistan continues to be tight. Air freight prices have increased by more than 100% in half a month, and sea freight prices have also risen by more than 30%.
The editor has something to say: The epidemic in Southeast Asia has boosted freight costs. Although the industrial chain may return to China, freight costs will also be a large sum.
Market Review
Polyester: In terms of PTA, the price of PTA rebounded slightly this week. As international oil prices rose rapidly this week, and at the same time, some fabrics were stocked and stocked in the terminal textile market, the goods were sold relatively well. PTA prices began to recover. The current PTA internal market transaction discussions are around 4720-4850 yuan/ton.
In terms of polyester filament, this week’s polyester long Silk prices are mainly stable. The previous price reduction promotion once a week did not appear this week. The overall production and sales performance was mediocre. Due to fewer orders, the downstream market generally lacked enthusiasm for purchasing raw materials and there were few cases of hoarding raw materials.
In terms of profit, PX suffered a larger loss this week It expanded slightly last week, and its current loss potential reaches US$139/ton. As for PTA, it started to turn a profit this week, and its current profit margin is around 65 yuan/ton. In terms of ethylene glycol, profit margins began to expand this week, with current profits of US$13/ton. In terms of polyester filament, polyester filament prices have generally stabilized this week, but costs have risen sharply, and profits have begun to shrink or even suffer losses; FDY profits have dropped to 43 yuan/ton; POY 150D profits have decreased, and current profits have shrunk to 249 yuan/ton; DTY 150D Falling into a loss-making state, the current loss is 92 yuan/ton.
In terms of operating rate, the average weekly operating rate of PTA this week is concentrated at 74%, which is lower than last week The real-time operating rate was 74%, and the real-time effective operating rate was 74%. In terms of polyester, the average polyester load this week was concentrated at 91.5%, an increase of 0.4% from last week. In terms of weaving, weaving manufacturers have recently been affected by environmental protection restrictions. production, the operating rate fell back to about 65%.
In terms of production and sales, the market sentiment for polyester yarn transactions was relatively sluggish this week, and the weekly price reduction promotion for polyester yarn did not appear. , polyester production and sales lacked good news to boost, and the overall production and sales remained at around 40-50%.
In terms of inventory, according to the statistics of China Silk City Network, the overall inventory of the polyester market is now concentrated in 11-24 days; in terms of specific products, POY inventory is around 8-20 days, FDY inventory is around 11-15 days, and DTY inventory lasts about 14-27 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 weakened in the recent stage. Only some fabric products are selling well, mainly because downstream textile companies have stocked up and stocked autumn and winter fabrics, but other fabric products still performed mediocrely. . Raw material prices are mainly stable this week, and some raw material specifications have increased slightly. There have been no price reduction promotions this week, and production and sales are generally average. However, the impact on fabric prices is limited, and the overall price is still mainly stable. In addition, the market has experienced environmental protection again Due to the phenomenon of load reduction, the operating rate in Shengze area has now fallen back to about 65%; at the same time, the downstream hoarding and stocking of autumn and winter fabrics have allowed better sales of gray fabrics, and the overall gray fabric inventory has now dropped to about 40.3 days.
Printing and dyeing:
The printing and dyeing market is generally active this week. With the arrival of June, the textile market has gradually entered the off-season, and orders have begun to decrease further. The amount of gray fabrics entering the warehouse of printing and dyeing factories has also declined simultaneously, and the varieties are relatively single, mainly nylon, four-way elastic, pongee and other autumn and winter fabrics. In addition, various textile factories have once again seen environmental protection reductions this week. However, due to the reduction in orders, the overall impact of printing and dyeing factories is limited. Except for the processing factories of some hot-selling fabrics that are relatively busy, other printing and dyeing factories have not experienced serious production congestion or queues. Phenomenon.
The current printing and dyeing operation rate has dropped slightly to 78% compared to last week, which is the first time since normal production this year that it has been lower than 80%. The delivery date of printing and dyeing factories is limited due to production capacity. After the impact, it began to rebound slightly to about 10 days, and some fabrics with simple production processes within a week.
Outlook
On the last weekend of May, the market sentiment seems to be warming up a bit, but this does not mean that the market will get better in June. New challenges are about to appear…
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