Taking stock of the most valuable hot spots of the week
The textile industry emerged in the Midwest this week Park, six major chemical fiber leaders once again “shocked” the market, polyester factories launched “big” promotions, and printing and dyeing raw materials urgently increased by 10%…
Let us take a look Get up and check out what’s new this week!
Textile Industrial Park appears in the Midwest
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Liu Yuxiao, Secretary of the County Party Committee, made a report on the concentrated start of major projects in Huangmei County in August at the ceremony. He introduced: From January to August, Huangmei County carried out 6 centralized signings and introduced 43 projects, including 40 industrial projects and 19 textile and clothing projects. Seven centralized construction starts were held, with 41 new projects worth more than 50 million yuan started, with a total investment of 10.8 billion yuan, 63 new projects added to the database, a total investment of 7.7 billion yuan, and 15 new projects put into production.
At the groundbreaking ceremony, Huangmei (Wujiang) Intelligent Weaving Industrial Park enterprise representatives introduced the project situation; it is understood that Huangmei (Wujiang) Intelligent Weaving Industrial Park It was initiated by Dong Xiaokui, chairman of Wujiang Dancheng Fabric R&D Technology Co., Ltd., and includes Dancheng Weaving, Maoqun Textile, Hengyi Textile, Junyang Textile, Jiachi Textile, Haoyang Textile, Ruisheng Textile, Yang Shenghai Textile, Jinhao Textile, A comprehensive intelligent weaving industrial park jointly invested and constructed by 10 textile companies including Yuyang Textile.
The editor has something to say: Nowadays, the production capacity in the Midwest is constantly increasing and the share of the cake is getting smaller and smaller. How can the lives of coastal textile bosses be easy?
Six major chemical fiber leaders once again “shocked” the market
In recent years, the chemical fiber industry, especially large listed companies, have made good use of complete The company’s production layout and precise pricing strategy firmly grasp the pricing power of prices, achieving doubling of profits and doubling of output.
Since August, listed companies have entered a period of intensive disclosure of interim reports, and several major private polyester leaders in the textile and chemical fiber industry have also released interim reports. Judging from the data disclosed in the interim report, the six polyester giants Tongkun, Xinfengming, Rongsheng, Hengli, Hengyi and Shenghong have all achieved profits without exception, and the specific figures are extremely “dazzling”.
Polyester filament is the largest and most widely used variety among textile chemical fiber raw materials. China produces more than 50 million tons of chemical fibers every year, among which polyester Filament accounts for the largest proportion. Recently, the China Textile and Apparel Federation held a mid-year economic operation analysis meeting. At the meeting, Chen Xiaoqian, an analyst at the China Textile Federation Industrial Economics Research Institute, analyzed the total profit structure of the textile industry in the first half of 2021. He pointed out that the total profit of the textile industry in the first half of the year was 107.89 billion yuan. , of which the total profit of the chemical fiber industry was 32.66 billion yuan, accounting for 30.3%, ranking first among all industries.
The editor has something to say: The profitability of polyester filament companies has soared, and the leading chemical fiber companies are doing well, but with unprofitable sales and lack of orders, the days of weaving companies are It was a miserable life.
Polyester factory’s “big” promotion
On August 30, at a critical point near the end of the traditional peak season, polyester factories once again started price reduction promotions, with prices as high as 600-800 yuan/ton;
Since polyester filament production and sales declined in August, polyester inventories have begun to rise again. Although this kind of inventory is not as high as the absolute high caused by the epidemic last year, in the long run, it is still relatively high, and destocking has become a top priority in a certain sense. On the other hand, the entire polyester industry chain has been in a downward trend recently, and has experienced five large-scale profit promotions this month. From the profit point of view, the profits of downstream polyester have also deteriorated due to continuous price reduction promotions, and the entire market is filled with a gloomy atmosphere. Among the options of low profit and high inventory, it is obvious that the current polyester factories are more inclined to clear inventory operations.
The editor has something to say: Promotions have indeed brought about an immediate effect of destocking. The motive of polyester factory promotions is to clear inventories, and judging from the production and sales performance , the inventory clearance strategy was very successful.
Emergency increase in printing and dyeing raw materials by 10%
With the coming of the “Golden Nine and Silver Ten”, the textile printing and dyeing industry is expected to usher in an upward cycle. On August 26, news of an emergency price increase came in the dye sector, and related stocks also bucked the market trend and rose, which was interpreted as a signal of industry recovery.
Recently, there is news that due to factors such as rising prices of intermediates, analystsThe price of black ECT 300% has been urgently raised by 10%, and the price of acid black has increased by up to 2,000 yuan/ton.
The editor has something to say: The increase in raw materials has indeed affected the increase in dyeing costs, but this does not seem to be a “signal light” for the improvement of the textile market…
Market review
Polyester: PTA continues to fall this week. The current terminal loom orders have not seen a significant improvement, and polyester factories are not willing to further stock up, resulting in the downward trend of PTA market not ending yet. Next, PTA will squeeze the profits of the upstream PX link with low processing fees, and the cost-side PX price will drive the logic of downward PTA valuation. The current mainstream quotation price of PTA is 4,700-4,800 yuan/ton, and it is expected that PTA will fluctuate downward in the near future.
Polyester filament, this week polyester filament is Stability is the main thing. Crude oil prices have rebounded recently, but polyester raw materials have been slow to follow up, and the cost-end support for polyester yarns is still slightly weak. Polyester factories promote shipments, but the actual results are mediocre. 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 , its current loss has increased to US$134/ton. As for PTA, its profit decreased this week, and its current loss is around 193 yuan/ton. In terms of ethylene glycol, the price has made a profit this week, and the current loss is US$13/ton. In terms of polyester filament, polyester prices have been mixed this week. Due to increased costs, profits have fallen slightly; FDY profits have risen to 155 yuan/ton; POY 150D profits have fallen, and the current profit is 280 yuan/ton; DTY 150D profits have fallen, and the current profit is 280 yuan/ton; 70 yuan/ton.
In terms of operating rate, PTA has an average weekly operating rate this week The operating rate was 73.3%, an increase of 1.5% from the previous period; the real-time operating rate was 73.4%, and the real-time effective operating rate was 81.1%. In terms of polyester, the average load of polyester this week was concentrated at 86.1%, a slight decrease. In terms of weaving, the recent weaving operation rate has stabilized at around 70%.
In terms of production and sales, the market polyester transaction atmosphere this week Deserted, polyester prices are stable but falling. At the same time, due to the off-season, downstream textile companies are not very enthusiastic about purchasing, and most of the transactions are small batches. A cautious wait-and-see mentality dominates. Although some manufacturers have reduced prices, the overall production and sales are still only about 20-40%.
In terms of inventory, statistics from China Silk Capital Network Judging from the above, the overall inventory of the polyester market is now concentrated at 17-27 days; in terms of specific products, POY inventory is around 14-23 days, FDY inventory is around 17-19 days, and DTY inventory is around 20-28 days.
Weaving: From the Shengze Index of the Ministry of Commerce, you can It can be seen that the downstream gray fabric shipments are still normal, with some slight rebounds. There was a big sale of raw materials this Monday, the price of polyester products fell sharply, and the production and sales exceeded 100. However, with the price correction, production and sales were once again light. With the correction of spandex prices, the prices of four-sided elastic fabrics have also loosened slightly. At present, the weaving operating rate in Shengze area is stable at around 70%; the market supply is still poor, and the overall gray fabric inventory remains high, still around 40 days.
Printing and dyeing: The printing and dyeing market activity is average this week , the quantity of gray cloth dyed was the same as last week. The quantity of gray cloth entering the warehouse has not changed much, and the operating rate is temporarily stable at 70%.
The operating load of most dyeing factories is above 70%, and a few dyeing factories with lower operating load are 50-60%. We have now entered September, but the market sentiment has not improved significantly and remains the same as last week. The speed of placing new orders is slow, so the overall number of orders received by printing and dyeing factories is average, with no change from last week. In terms of products, autumn and winter fabrics such as elastic fabric, nylon and pongee are still the main products, and other fabrics have also grown slightly.
In terms of delivery time, the production time is still loose, and the overall delivery time is about 7 days.
Outlook for the market outlook
Polyester market promotions are still going on this week, weaving manufacturers are buying at low prices, production and sales are rarely good, and dyeing costs are rising. Does it indicate that the textile market is about to improve? With the arrival of Golden Nine, the market may be able to welcome the long-lost sunshine…
In the past, weaving manufacturers were buying at low prices, production and sales were rarely good, and rising dyeing fees seemed to indicate that the textile market was about to improve? With the arrival of Golden Nine, the market may be able to welcome the long-lost sunshine…
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