International oil prices have fallen for four consecutive weeks as the epidemic in Europe continues to worsen, many countries are considering re-implementing control measures, and the market is increasingly worried about demand expectations.
Now international oil prices have plummeted again10% due to market concerns that new super coronavirus variants will drag down the global economic recovery and affect demand.
The upstream sector lost ground, and polyester filament yarn continued to decline.
Polyester filament also plummeted by nearly 2000yuan/ due to the lack of cost and downstream replenishment. tons, and last week there was an unprecedented two consecutive days of sales. Prices fell below new lows, but even polyester factories offering profit promotions cannot save sluggish production and sales. Downstream weaving companies lack purchasing power and have a strong wait-and-see attitude.
The epidemic situation is severe and the Spring Festival is approaching, the market may enter the off-season
On the other hand, the global epidemic is once again severe. According to Xinhua News Agency’s news on November 26, 2020, the South African Health Department reported on November 11 that On March 25, it was announced that the country had discovered a new mutant strain of the new coronavirus. Investors are worried that the new variant of the virus will trigger a new round of epidemic spread, which will lead to a return to social blockade and cause another cliff-like decline in economic demand. I am afraid that the foreign trade market, which has just recovered, will stall again. Domestic and domestic sales orders will decrease, and the market may enter the off-season overnight. In addition, as the Spring Festival holiday is approaching, companies mainly focus on collection, and new orders are limited. Adding the epidemic factors, the number of orders placed before the year will be even less.
Judging from the current general environment, it is true that the negatives outweigh the positives. Selling goods at a loss is a good way to save yourself, reduce inventory, and lay a better foundation for next year.
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The epidemic situation is severe and the Spring Festival is approaching, the market may enter the off-season
On the other hand, the global epidemic is once again severe. According to Xinhua News Agency’s news on November 26, 2020, the South African Health Department reported on November 11 that On March 25, it was announced that the country had discovered a new mutant strain of the new coronavirus. Investors are worried that the new variant of the virus will trigger a new round of epidemic spread, which will lead to a return to social blockade and cause another cliff-like decline in economic demand. I am afraid that the foreign trade market, which has just recovered, will stall again. Domestic and domestic sales orders will decrease, and the market may enter the off-season overnight. In addition, as the Spring Festival holiday is approaching, companies mainly focus on collection, and new orders are limited. Adding the epidemic factors, the number of orders placed before the year will be even less.
Judging from the current general environment, it is true that the negatives outweigh the positives. Selling goods at a loss is a good way to save yourself, reduce inventory, and lay a better foundation for next year.
an>On the other hand, the global epidemic is severe again. According to Xinhua News Agency’s news on November 26, 2020, the South African Health Department reported on November 11 that On March 25, it was announced that the country had discovered a new mutant strain of the new coronavirus. Investors are worried that the new variant of the virus will trigger a new round of epidemic spread, which will lead to a return to social blockade and cause another cliff-like decline in economic demand. I am afraid that the foreign trade market, which has just recovered, will stall again. Domestic and domestic sales orders will decrease, and the market may enter the off-season overnight. In addition, as the Spring Festival holiday is approaching, companies mainly focus on collection, and new orders are limited. Adding the epidemic factors, the number of orders placed before the year will be even less.
Judging from the current general environment, it is true that the negatives outweigh the positives. Selling goods at a loss is a good way to save yourself, reduce inventory, and lay a better foundation for next year.
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