Big rise! Close the deal! I have to sigh with emotion, this wave of polyester filament operations is really 666!
After a period of silence, chemical fiber manufacturers once again made a comeback and made a counterattack. On the 21st, the prices of mainstream products generally increased by 50-100 yuan/ton! All kinds of price increase information are flying in WeChat Moments, group chats, and text messages, and there are various price increase expectations for the next trading day and the market outlook.
With the spread of various price increase information from chemical fiber factories, the downstream market may be due to the urgent need to replenish goods, or it may be due to the mentality of “buying up, not buying down”; not surprisingly, the transaction atmosphere in the polyester market Reproduce the hot situation. It is understood that some manufacturers have closed down some products, and some manufacturers have set a record in shipment volume! According to statistics, the polyester filament market in Jiangsu and Zhejiang was booming on the 21st, with some POYs at 230%, 500%, 240%, 180%, and 200%; some FDYs at 160%, 350%, 200%, and 150 %, 200%; some DTYs are 100%, 150%, 170%, 180%, 160%.
In recent days, an industry conference is in progress. Some market participants have ridiculed that this conference has been held for many years. Like a magic spell, the polyester market will most likely face a turning point after the meeting, either a sharp rise or a sharp fall! Of course, some professionals predict that there may be some hype in this market!
But no matter what, since chemical fiber manufacturers have the courage to raise prices, they are naturally supported by market fundamentals.
1. Crude oil hit a new high of more than April, and PTA followed suit!
Although increasingly obvious signs of economic slowdown have continued to intensify concerns about crude oil demand, the supply side support brought by the advancement of production cuts by OPEC+ oil-producing countries is still pushing up oil prices. , the market’s bullish sentiment continues to rise. Boosted by this, Brent crude oil futures and WTI crude oil futures closed higher for the second consecutive week last week, with WTI crude oil futures rising by 4.4% for the whole week. Entering this week, OPEC has released a signal to continue to cut production, which has piled up good news. International oil prices have continued to hit a high of more than April. As of Wednesday (20th), WTI crude oil rose to 59.83 yuan/barrel, a new high since November last year; Brent oil was at $68.50. /bucket. It is reported that international oil prices have reached a four-month high, and OPEC will exceed its production reduction commitments in the coming months.
Boosted by the positive market conditions, PTA futures rebounded and opened higher on the 21st. The main 1905 contract closed at 6,352 yuan/ton. At the same time, the spot market has also risen; the current quotation in the internal market has slightly risen to around 6530-6600 yuan/ton, and the transaction negotiation has been adjusted to around 6450-6530 yuan/ton.
2. Transactions in the weaving market are improving, and the demand for light and thin fabrics is increasing!
Since March, as the downstream market has gradually recovered, the purchase speed of fabrics has also been better than in the previous period, and the transaction atmosphere has been improving, especially for some hot-selling varieties. , a pattern of supply exceeding demand emerged. Specifically, as the main product of light and thin fabrics, the imitation silk series has been a hot-selling product in the first half of the year. This year’s regular products have a neutral market performance, with prices increasing by 0.10 yuan/meter compared with the previous period; however, some hot-selling varieties have The market supply is tight, and some manufacturers have long queues of about 20 days, such as matte cracked cards, SPH mess, etc. The popularity of conventional products 100D chiffon and smooth crepe has also begun to rise recently, and the expectations are good. In addition, the transactions of brocade and polyester fabrics have begun to become frequent, and the market transaction volume has increased slightly; the Shumei silk series has been significantly better than the previous period. As a lining for mid-to-high-end suits and casual wear, its market share has begun to increase in recent years.
In March, the atmosphere in the fabric market for proofing and viewing samples was enthusiastic, and some new orders negotiated in the early stage were successively placed, and market confidence improved significantly. As the temperature further rises, the demand for light and thin fabrics in the market will be further amplified, especially products with high added value and strong competitiveness, which still have large room for development in the market. However, conventional low-end products are obviously having a hard time this year, such as polyester taffeta, pongee and other markets with large production capacity, which has affected the market.�Trading atmosphere.
Both benefit from upstream raw material costs Boosted by the overall situation and driven by downstream market demand, the polyester filament market naturally lives up to its reputation as the “Golden Three” and ushered in a wave of rising prices! In any case, we still need to look forward to the continued good news of the “Silver Four” market. </p
