1. Crude oil continues to plummet, polyester raw materials are all green on the screen, and polyester yarn sales are on the rise again! (Popularity: ★★★★★★★★)
PTA fell more than 4% at the opening on the 19th, also following the sharp decline in crude oil. Recently, news about the maintenance of polyester factories has been released one after another. The maintenance of the four major polyester factories has surfaced. Based on the current production reduction, the polyester factory has reduced production this time, and the start-up may break through the traditional off-season low.
The current market atmosphere is relatively pessimistic, and the cost side is not favorable yet. Therefore, the recent factory production and sales data continue to be bleak, only around 30%. The market is showing a narrow downward trend, and it is expected that the market will continue to be weak in the near future. Polyester sales will start again on the 20th, and the general price will be reduced by 100-450.
2. Northern Jiangsu welcomes Big Mac again: 10,000 looms and 200 vortex textile machines! (Popularity: ★★★★★★★)
On the morning of August 6, Xuzhou The signing ceremony for the Rainbow high-end textile fabrics R&D and production project was held in Suining. The Xuzhou Tianhong high-end textile fabrics R&D and production project has a total investment of approximately 10.5 billion yuan. It will build 1.2 million square meters of various high-standard factories, 300,000 square meters of supporting ancillary and functional facilities, and install 300,000 new cotton spinning production lines, 50 knitting and dyeing production lines, 25 woven and dyeing production lines, 30 loose fiber dyeing production lines, purchased 10,000 looms and 200 eddy current textile machines. The project is expected to be completed and reach production in 2025, and is expected to achieve sales revenue of 15 billion yuan and profits and taxes of 900 million yuan.
3. Polyester factories are still “enlarging their strategy”: output will decline significantly! (Popularity: ★★★★★★)
Recently, due to low polyester profits and inventory As prices rise, polyester factories are under pressure, and some companies have begun to reduce production. It is understood that domestic mainstream polyester factories Tongkun, Xinfengming, Hengyi, and Tiansheng all plan to reduce production by approximately 20%, with a total production reduction of approximately 4 million tons, and the recovery time is to be determined. At the same time, some other polyester companies have also announced production reduction plans one after another. Currently, the production capacity involved in parking and reducing production is 4.536 million tons. The market outlook does not rule out that other domestic companies with relatively high inventories also have production reduction plans. Then the output of the domestic polyester industry will decline significantly. It is expected that after the load reduction, the industry output will be at the level of 1.09-1.1 million tons, and the load will be below 86%. Later, small and medium-sized enterprises will follow up, and the load may be reduced to around 83%.
4. The loss has expanded to 19.54%, the credit sales ratio of chemical fiber weaving enterprises above the designated size is too high, and the inventory is high! (Popularity: ★★★★★)
Recently, the National Bureau of Statistics announced data that the operating income of my country’s regulated chemical fiber weaving industry in the first half of this year was basically the same as in 2019, but the profit The total amount fell by an average of 7.63% over the two years. This was because the loss area expanded from 12.88% to 19.54%, and the loss of loss-making enterprises increased significantly by 95.52%. At the same time, the company’s three expenses increased by 6.3%, accounts receivable increased by 7.62%, and finished product inventory increased by 19.5%. The company’s credit sales ratio was too high, the inventory was high, there were financial risks, and profitability was insufficient.
The above data shows that in the first half of the year, the operation quality and efficiency of the filament weaving industry have improved significantly compared with that during the epidemic. The major economic indicators are continuing to recover. However, affected by the epidemic, international situation, etc. Affected by factors such as the recent fluctuations in the RMB exchange rate and skyrocketing sea freight, coupled with rising costs of raw materials and labor, profit margins have been significantly squeezed, and profitability has not yet returned to pre-epidemic levels. Enterprises are facing more challenges, and there is still a certain degree of smooth operation of the industry. pressure.
5. With the joint efforts of “refining + ethylene + new materials”, Hengli Petrochemical’s half-year performance hit a new high (Popularity: ★★★★)
Hengli Petrochemical (600346) disclosed its 2021 interim report on the evening of August 16. The company achieved operating income of 104.574 billion yuan in the first half of 2021. , a year-on-year increase of 55.25%, and the net profit attributable to shareholders of listed companies was 8.642 billion yuan, a year-on-year increase of 56.65%. As for the reasons for the growth in half-year performance, Hengli Petrochemical said that thanks to the rise in crude oil prices and the recovery of terminal consumption, coupled with the return of overseas orders, the prices and spreads of various major chemicals produced by the refining, coalification, and ethylene units in the upstream of the industry have remained stable. and fluctuations are within a strong range, supporting the stability and growth of corporate profits. At the same time, new chemical materials products in the downstream industry have also benefited from the push of raw material costs and terminal recovery, and their profitability has accelerated.
6. What a tragedy! U.S. oil fell for seven days in a row, setting a new record in the past two years (Popularity: ★★★)
On Friday (August 20), U.S. oil fell by $1.64 in late trading, a decrease of 2.58 %, closing at US$61.86/barrel, falling by more than 9% this week, hitting a record high�The largest weekly decline in nine months; Brent oil fell by US$1.45, or 2.18%, to close at US$65/barrel, with a cumulative decline of 7.47% this week. The two major crude oil indicators have fallen for seven consecutive days, marking the longest losing streak since 2019.
7. Bureau of Statistics: The rising trend of international commodity prices will continue (Popularity: ★★)
On August 16, the State Council Information Office held a press conference. Fu Linghui, spokesperson of the National Bureau of Statistics, introduced the national economy in July 2021. Operation status. Fu Linghui said that changes in domestic commodity prices are closely related to the international market. Generally speaking, international commodity prices will continue to run at high levels for some time.
Fu Linghui said that due to the persistence of three factors, international commodity prices will continue to run at high levels. First, the global economy is recovering as a whole and market demand is increasing; second, due to the epidemic and other factors, the supply of bulk commodities in major raw material producing countries is tight, especially the tight capacity and rising prices of international shipping, which has pushed up the prices of related commodities. The third reason is that some major developed economies have relatively strong fiscal stimulus and relatively abundant monetary liquidity, which has increased the upward pressure on commodity prices.
8. Don’t change despite repeated admonishment! H&M was fined another RMB 30,000, and 24 fines have been accumulated! (Popularity:★)
On August 18, according to the national enterprise credit information publicity system, recently H&M Company, Haynes Morris (Shanghai) ) Commercial Co., Ltd. Beijing Fangshan Branch was fined 31,704,600 yuan. The reason for the penalty was that the shirts and other products sold failed to pass the inspection. The National Enterprise Credit Information Publicity System also shows that the fine for H&M’s domestic parent company, Haines Morris (Shanghai) Commercial Co., Ltd., has five pages and 24 pieces of fine information.
Haines Morris (Shanghai) Commercial Co., Ltd. was established on November 9, 2006, with a registered capital of 5 million euros. In March this year, H&M’s “touch porcelain” Xinjiang cotton was strongly boycotted by the entire network and lost the trust of Chinese consumers. In the second quarter of 2021, H&M’s sales in China fell by 28% year-on-year, with losses reaching US$74 million. </p
