Inventory·The most valuable hot spots of the week
The polyester factory has another promotion this week , the RMB has skyrocketed, the price of spandex raw materials has increased again, and Hengli has once again shown its talents…
Let us take a look together Here’s what’s new this week!
The polyester factory has another promotion
On May 13, the polyester factory once again welcomed the Big promotion, promotion range is as high as 100-300 yuan.
Including the one on May 7, this is already the second time this month. Since last month, polyester factories have basically been closed. The promotion rhythm is maintained once a week, and there may be another promotion next week.
The editor has something to say: For polyester factories, this seems to have It has become an inherent routine. The weekly promotion is to reduce inventory. For weaving companies, buying cheap silk is certainly not a disadvantage.
The RMB is soaring!
The super commodity cycle is too spotlight-grabbing, and the fluctuations in the foreign exchange market have been ignored. The weakening of the US dollar indirectly stimulated the rise of commodities, and the RMB also silently rose like crazy.
As of 16:30 on May 10, Beijing time, the onshore RMB closed at 6.4173 against the US dollar, an increase of 416 basis points from the previous trading day, a record high of 2018 A new high since June this year. The central parity rate of RMB against the U.S. dollar was reported at 6.4425 that day, an increase of 253 basis points, hitting a new high since February 10.
The editor has something to say: Although in the long run, the appreciation of the RMB is due to optimism about China’s economy, which is considered a positive situation, in the short term, it is indeed beneficial to the Chinese economy. Textile foreign trade companies pose greater challenges.
The price of spandex raw materials has increased again
After April, due to the weakness of end market orders, the price of spandex stabilized. However, less than a month passed. After May, a certain spandex manufacturer raised the price again. At 2,000-3,000 yuan/ton, business owners in the textile group reported that the price would rise to the point where they doubt their lives!
The editor has something to say: The output of spandex raw materials is not very large, and the inventory Not much. The growing demand for elastic fabrics in the weaving market has led to the current surge in spandex raw materials.
Hengli once again shows off its skills
Withtheacceleratedimplementationofdomesticplasticrestrictionpoliciesandtheincreasingawarenessofgreenandenvironmentallyfriendlyconsumptionamongresidents,thedegradableplasticmarkethasbroadprospects.OnMay11,HengliWhenansweringquestionsfrominvestorsontheinteractiveplatform,Petrochemicalstatedthatthecompanyhascurrentlyputintoproduction33,000tonsofdegradableplasticproductioncapacity.Atthisstage,BDOmainlyexistsintheformofoutsourcing,andtheremaining900,000tonsofnewdegradableplasticprojectsarestillintheearlystagesofconstruction.
ThenewBDOproductioncapacityasitsrawmaterialwillalsobelaunchedoneafteranother.TherearemanynewBDOprojectsinChina.Forexample,Yulin,ShaanxiisplanningtobuildnewBDOproductioncapacity.1.8milliontons.OnApril1,publicinformationfromtheShaanxiGovernmentServiceNetworkshowedthattheprojectregistrationforthe1.8milliontons/yearBDOprojectofHengliEnergy(Yulin)NewMaterialsCo.,Ltd.hasbeenapproved.
Theeditorhassomethingtosay:HengliGroupisaleadingenterpriseinthepolyesterindustry,hasrecentlybeendeployingintheupstreamanddownstreamofthepolyesterindustry.TheestablishmentofHengliYangtzeRiverDeltaInternationalNewMaterialsIndustrialBasewillfurtherstrengthenHengli’sleadingpositioninthepolyesterindustry.
MarketReview
Polyester:PTApricesfellslightlythisweek.Asinternationaloilpricesfellsharplythisweekandtheterminaltextilemarketgraduallyenteredtheoff-season,demandforpolyesterrawmaterialsweakenedandPTApricesbegantofall.ThecurrentPTAinternalmarkettransactiondiscussionsarearound4650-4750yuan/ton.
In terms of polyester filament, the price of polyester filament remained stable this week. On Thursday, some raw material factories conducted Price reduction promotions have promoted the shipment of raw materials to a certain extent, but the discounts were canceled on Friday and polyester prices returned to normal.
In terms of profit, PX’s loss this week expanded slightly compared with last week, and its current loss space reaches 96 US dollars/ton. As for PTA, it is still losing money this week, and its current loss is around 77 yuan/ton. In terms of ethylene glycol, it continued to maintain profits this week, and the current profit has shrunk to 1.��yuan/ton. In terms of polyester filament, the price of polyester filament fell first and then rose this week, but the cost fluctuated and the profit decreased slightly; the profit of FDY reached 187 yuan/ton; the profit of POY 150D decreased, and the current profit is 516 yuan/ton; the profit margin of DTY 150D decreased significantly. The current profit is 233 yuan/ton.
In terms of operating rate, the average weekly operating rate of PTA this week was concentrated at 72%, down 1.2% from last week; the real-time operating rate was 73.8%, and the real-time effective operating rate was 81.1%. In terms of polyester, the average load of polyester this week was concentrated at 92.8%, down 0.9% from last week. In terms of weaving, the operating rate of weaving manufacturers has recently dropped slightly to about 74%.
In terms of production and sales, the performance of polyester production and sales this week was average. Only on Thursday the polyester factory During the big promotion period, the average production and sales of polyester yarns are around 300%, and during the rest of the time, the average production and sales are between 10% and 30%.
In terms of inventory, statistics from China Silk Capital Network According to the data, the overall inventory of the polyester market is now concentrated in 11-25 days; in terms of specific products, POY inventory is around 8-11 days, FDY inventory is around 11-16 days, and DTY inventory is around 14-28 days .
Weaving: From the Shengze Index of the Ministry of Commerce It can be seen that in the recent period, the transaction atmosphere of the textile market is average, with frequent price cuts and promotions of raw material prices. Although production and sales have exploded, raw material prices have generally stabilized, and downstream weaving companies are generally not very enthusiastic about hoarding raw materials. After May Day, due to the backlog of holiday orders, the textile market experienced a rapid rebound in startup rates after the holiday. However, the traditional peak season has ended, and a large number of orders have been placed in advance. Post-holiday orders have insufficient stamina, and the market has gradually returned to calm. Fabrics are not flowing smoothly, inventories are backlogged, and some fabrics have seen slight price cuts. The operating rate of weaving manufacturers has dropped again, and is now stable at around 74% in Shengze. At the same time, because the market has slowed down, the overall gray fabric inventory has slowly rebounded to about 41 days.
Printing and dyeing:
The printing and dyeing market is generally active this week. During the May Day period, there are many holiday operations in the printing and dyeing market. The holidays generally last for 2-3 days. From last week to this At the beginning of this week, the entire market was in the process of recovering the operating rate. So far, the operating rate has basically returned to the pre-holiday level.
The traditional textile peak season has officially ended, and some orders from end customers have been placed in advance before May Day. Under the off-season conditions after the holiday, printing and dyeing factories Orders are clearly starting to weaken. Because some dyeing factories have many spot customers, “market orders” can satisfy workshop production, and there are still some queues for pressing cards. In terms of products, orders for high-elastic, four-way stretch, nylon and imitation silk are relatively good, while other fabrics lack highlights.
Due to the reduction in overall warehouse entry, the operating rate of printing and dyeing plants has been relatively stable. It started to fall back slightly to about 85% before. In addition, the number of orders has decreased. Most of the orders that were eager to ship before the holiday have been shipped. The delivery time of printing and dyeing factories has begun to improve. It is currently stable at about 12 days, and some exceed 15 days.
Market outlook
May seems to have entered the off-season ahead of schedule. Waiting for the real off-season to come, the market may continue to weaken in the later period…
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