1.Shocked! The leading polyester industrial yarn goes bankrupt and reorganizes, and three companies intend to participate in pre-reformation and reorganization (Hot: ★★★★★★)
On the evening of November 23, ST Yufu (002427, SZ), a leading domestic polyester industrial yarn company, announced that Gongqingcheng Shengbang Investment Management Co., Ltd. and or its designated affiliates, Tianchang Holdings Co., Ltd. and or its designated affiliates Fang, Xinfengming Holding Group Co., Ltd. and or its designated related parties all have the intention to participate in the pre-reorganization and reorganization of listed companies as industrial investors.
ST Youf has signed an investment framework agreement for bankruptcy and reorganization with relevant parties. ST Youf said that the signing of this “Investment Framework Agreement” will help promote the smooth progress of the company’s pre-reorganization and reorganization-related work. If the company’s pre-reorganization is successful and the reorganization is successfully implemented, it will help resolve debt risks, improve the company’s asset-liability structure, and optimize performance.
2. The new mutant strain set off a “huge wave”, US oil plummeted 13%, and the panic index rose by more than 50%! (Popularity: ★★★★★)
The National Institute of Communicable Diseases of South Africa issued a statement on the 25th saying that a new variant of the new coronavirus, B.1.1.529, has been detected in South Africa. The British Health Security Agency described it as “the worst one so far” and is different from other variants. The mutant strain has more changes than the spike protein, and the number of mutations is twice that of the currently dominant Delta strain, causing panic in the market.
Due to market concerns that the new super coronavirus variant will drag down the global economic recovery and affect demand, international oil prices have plummeted by more than 10% recently. New York crude oil fell below 70 US dollars per barrel for the first time since the end of September, a drop of 13.04%, and fell back to 3 months overnight. Before; Brent crude oil was approaching 70 yuan/barrel, down 11.27%; the main Shanghai crude oil futures contract fell to its limit the night before, down 8.01%, to 464.1 yuan/barrel.
Market participants believe that the emergence of new variants of the virus has rapidly cooled short-term market sentiment, suppressed global economic growth expectations and crude oil demand, and accelerated the weakness of crude oil market fundamentals. However, there are signs that fundamental expectations for crude oil supply and demand have begun to weaken.
3. Taiwan’s Far East Group’s investment enterprises in mainland China were investigated and dealt with, involving chemical fiber textiles! (Popularity: ★★★★)
Recently, relevant law enforcement departments in five provinces and cities including Shanghai, Jiangsu, Jiangxi, Hubei, and Sichuan carried out law enforcement inspections and found that chemical fiber textile and cement companies invested by Taiwan Far East Group in the local areas had poor performance in environmental protection, land use, employee occupational health, production safety and fire protection, There are a series of illegal activities in taxation, product quality, etc. In accordance with national laws and regulations, measures such as fines, tax recovery, and rectification within a time limit will be taken against the companies involved, and the idle construction land of the company will be recovered.
At present, the response given by Far East Group is to admit these illegal facts, rectify the violations, and pay the fines in accordance with the procedures.
4. I can’t bear it anymore! Several polyester factories have voluntarily reduced production by 20% (Hot: ★★★)
It is reported that several major polyester manufacturers reached a consensus at a meeting on the morning of the 25th to reduce production by 20% based on the current actual production, and will make further production reduction decisions based on actual conditions.
Some netizens calculated the details as follows, you may wish to use them as a reference: Calculate the total maintenance of Hengyi plus other factories is 220W + 300W = 550W. Among them, Hengyi is calculated based on full inspection, that is, all 220W will be suspended for one month from November 28; other factories are calculated based on rotation inspection, that is, 300W will be divided into two batches starting from November 28, with 150W inspected first and then 150W inspected, and each inspection will take 20 days. . After the centralized production reduction was resumed in early January, maintenance during the Spring Festival was still carried out as originally planned. As a result, the polyester load from December to January is adjusted to 82.7%-82.8% (originally from December to January, respectively, it was 88-83%).”
In the short term, U.S. oil has made a strong comeback after falling below 80 US dollars per barrel recently, and the industry self-discipline alliance is speaking out to stabilize prices, which has a certain boost to the market.
5. Daily production and sales are as high as 1000%! The staple fiber market ignites “a fire in winter” (Hot: ★★)
On the 24th,Fiber production and sales have changed from the early sluggishness, and a set of hot data has excited the entire short fiber circle. According to CCF statistics, the average production and sales of direct-spun polyester shorts on the 24th was 547%. The production and sales of some factories were: 1000%, 1000%, 600%, 450%, 800%, 200%, 300%, 500%, 600%.
The reporter learned that 1000% of production and sales is equivalent to the output of a short fiber factory selling for 10 days a day. Previously, short fiber has also experienced pulse-type high production and sales, but such high production and sales have been extremely high in the short fiber market in the past year. Rare. It is worth mentioning that the popularity of the spot market is also directly reflected in the futures market, with short fiber futures leading the rise in the entire polyester sector.
The main reason is that after the United States announced the release of crude oil reserves, OPEC said it would re-evaluate its output strategy, which boosted crude oil market sentiment, oil prices rebounded, and the market was generally optimistic about the future oil prices. On this basis, downstream companies that already need to prepare raw materials for the Spring Festival market launched a wave of centralized stocking, resulting in a boom in short fiber production and sales.
6. A factory in Jiaxing actually hid an “internal ghost”, and the amount involved was as high as 800,000 yuan (Popularity: ★)
Boss Wu’s clothing factory is out of town. In order to facilitate wholesale business in Puyuan, Tongxiang, he rented a sales department and warehouse in Puyuan Town. At the beginning of this year, he hired a local named Zhang as a warehouse manager and a part-time distributor in the sales department. When the sales department needed clothes, Zhang was responsible for counting the quantity of clothes and delivering them. Considering that Zhang is a local and seems to have a good family background, Boss Wu trusts Zhang very much and completely lets Zhang take care of the business.
Zhang is 23 years old. He usually spends money lavishly and has already owed a lot of foreign debt at a young age. He took advantage of his boss’s trust and repeatedly stole clothes and sold them as scraps. From taking them one by one at the beginning, to “packing them away” in bundles, in half a year, he stole tens of thousands of sweaters, T-shirts, shirts and other clothing from the warehouse more than 80 times, worth more than 900,000 yuan. Zhang illegally made a profit of 160,000 yuan at a market price that was much lower than other low-end goods.
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