It can be said that the entertainment industry has been very lively recently, and melon-eating people were caught off guard and ate wave after wave of “melon”!
PTA futures surged strongly, the main contract rose by 5.02%, and the increase in supply suppressed prices. Polyester filament rose sharply by 200-400 yuan/ton, and the mainstream production and sales of polyester continued. Over 100…The textile circle is not to be outdone, with hot spots coming one after another!
Ding-ding,
The textile man turned on his mobile phone,
The whole circle of friends, phone calls, and text messages are calling:
Come and eat the big melon!
The first day of July ushered in a good start to the market !
PTA futures rose strongly at the opening, then continued to run at a high level, and even closed at the daily limit! Among them, the main 1909 contract closed at the daily limit of 6,290 yuan/ton, which was a significant increase of 300 yuan/ton, or 5.01%, compared with the settlement price on the previous trading day.
The PTA1907 contract also closed at the daily limit, closing at 6728 yuan/ton, a sharp increase of 322 yuan/ton, an increase of 5.03%.
The quotations of mainstream manufacturers in the polyester market have increased one after another. Since the weekend, there is generally room for growth ranging from 100-300 yuan/ton.
Tongxiang direction: Polyester yarn from a major mainstream factory in Tongxiang has increased by 200-300 yuan/ton over the weekend; POY from another factory in Tongxiang has increased since Saturday 200-300 yuan/ton;
Jiangsu direction: Polyester yarn from a large factory in Jiangsu rose by 100-300 yuan/ton today; Wujiang Xinmin FDY has been going up since the weekend An increase of 200-300 yuan/ton; the polyester POY of a factory in Taicang has increased by 100 yuan/ton; the FDY of a factory has increased by 200 yuan/ton since the weekend;
Xiaoshan direction: POY of a factory in Xiaoshan increased by 150 yuan/ton today; DTY of another factory increased by 100-200 yuan/ton; DTY of a factory in Xiaoshan increased by 200 yuan/ton; polyester FDY of another factory increased by 150-200 yuan/ton .
1. China and the United States restart economic and trade Negotiations, tariff threat eliminated!
In fact, since the news came from the market last Wednesday that China and the United States were willing to resume trade negotiations between the two countries, the polyester market has already ushered in a wave of climax, PTA Futures, the main force in the futures market, have risen sharply, and polyester factory prices have followed suit. Downstream buying sentiment is high, and polyester fiber manufacturers have significantly increased their production and sales.
At the meeting between the heads of state of China and the United States on June 29, the two heads of state agreed that China and the United States would restart economic and trade consultations on the basis of equality and mutual respect. The United States stated that it would no longer Imposing new tariffs on Chinese exports. This meeting between the heads of state of China and the United States achieved a phased result, and the US$300 billion tariff threat was eliminated; naturally, it once again boosted the confidence of the textile market. As a result, polyester manufacturers have already raised their quotations since the weekend, and PTA futures also opened strongly higher on Monday.
2. The mainstream production and sales of polyester have exceeded 100, and the inventory has dropped to the lowest level in the year!
In recent times, the polyester market has entered a “sensitive period” again, whether it is the sharp rise in the early raw material PX, the strong rise in international oil prices, or the rise in PTA prices or Whether it is equipment maintenance operations, etc., as long as there is any disturbance in the market, polyester production and sales will inevitably follow suit, so from time to time there will be a wave of high production and sales. In just over a month, the polyester market has experienced four or five waves of high production and sales; on July 1, polyester production and sales exceeded 100% again, with mainstream production and sales rising to around 110-130%. Some of the better ones include 200%, 300% level. Stimulated by multiple rounds of positive production and sales, the inventory pressure accumulated by polyester manufacturers in the early stage has been greatly alleviated.
Nowadays, low inventory has become a major positive support for the polyester market. Judging from the statistics of China Silk City Network, the overall inventory of the polyester market has dropped to 8-17 days. Except for the low inventory before the Spring Festival, it is already the lowest inventory level this year. In terms of specific products, POY inventory has dropped to 3-7 days, FDY inventory has dropped to around 8-14 days, and DTY inventory has dropped to around 16-21 days.
First of all, we know that polyester manufacturers have accelerated destocking recently, and these raw material stocks have basically been converted into…It remains to be seen whether the raw materials stocked by manufacturing manufacturers can be quickly digested and stocked by weaving manufacturers. It remains to be seen whether the gray fabrics will exist in inventory or be purchased and consumed by downstream garment links.
Secondly, relevant textile associations have already issued fabric price increase notices, but it still needs time to verify whether the market outlook can drive price increases in the weaving market on a large scale and form a bottom-up transmission effect!
Currently, the polyester industry chain is in good shape, but as for the market, the editor believes that it is still necessary to operate with caution and not to be blindly optimistic. </p
