PTA has risen sharply again.
As of August 23, the PTA1809 contract finally closed at 8,488 points, an increase of 46 points or 0.54% from the previous trading day.
Since July 16, PTA has been in a surge stage. In just over a month, PTA No. 1809 The contract soared by 2,500 points, an increase of nearly 40%.
Although PTA is rising so happily now, in fact, everyone is looking forward to PTA falling.
Polyester factories hope that PTA will fall
Although major polyester factories are expensive, they are industry leaders , have a certain say in the price of polyester yarn, but they cannot increase or decrease the price without restraint. If it rises too much or falls too hard all at once, it will not be conducive to their sales. (However, in terms of the increase, it is indeed quite scary)
But this time, they took the blame. The rise in raw materials this time is clearly the fault of PTA and PX. However, looking at the downstream production suspension proposals and price increase notices, they all target chemical fiber companies.
No way, who told weaving companies not to buy PTA but only polyester filament? When PTA goes up, they can only see a bunch of numbers on a trading website, while when polyester filament goes up, it’s the numbers on their bank cards that move.
In fact, the profits of chemical fiber companies have dropped a lot compared with before the rise of PTA. In early July, the profit from polyester filament once exceeded 1,000 yuan. At that time, chemical fiber manufacturers were making a lot of money. At the same time, because the prices were relatively stable at the time, no one complained about them.
But it is different now, their profits are lower than before. It is obvious that they will be scolded for making less money, so chemical fiber companies are eager for the price of PTA to fall quickly so that they can go back to the time of “making money while lying down”.
Textile people’s hopes for PTA fall
Compared with polyester companies, textile people’s hopes The resentment became even deeper. At best, the major chemical fiber manufacturers have lower profits, and even if they are criticized for a few words, they will not lose money. This is different for downstream textile workers. The rise in PTA has really affected their survival.
Just look at WeChat Moments. Once PTA rises, the Moments will be filled with grief.
The current life of weaving companies is very sad, because recently The price of raw materials has skyrocketed, and some weaving companies with long-term orders are currently operating at a loss. Nowadays, they generally no longer dare to accept long-term orders, and the quotations for short-term orders are often unsatisfactory.
In addition, as far as the editor knows, because the current price of gray cloth is still low compared to the price of raw materials, although the current weaving companies have all the machines running, the weaving Most of the cloth that comes out becomes inventory, waiting for the cloth price to rise before selling it.
Traders are not having a good time either. If the order price is too low, weaving companies won’t do it. If the order price is too high, they can’t make any money, so they can’t do a lot of business at all.
It is even worse for those engaged in foreign trade. Domestic trade companies are more or less aware of some market factors, but foreigners don’t care about these at all. When he saw how your quotation this month was so much higher than last month, he felt that you were being too open-minded and dishonest. Coupled with the recent roller-coaster exchange rate, it’s really hard to walk on thin ice.
Officials hope that PTA will fall
Don’t say that polyester manufacturers and textile people do not want PTA to fall Even the officials don’t want the PTA to continue to be so crazy. Just look at the notices issued by Zheng Shang in the past month.
From August 6 to August 22 , in just 16 days, Zhengzhou Commodity Exchange issued 7 announcements about PTA, ranging from risk warnings to increasing transaction margins to increasing handling fees. It can be seen that the officials also want to get rid of PTA’s high fever.
After all, in addition to futures, PTA is also a bulk commodity and the raw material for polyester filament. Its every move will affect the hearts of countless textile people. Such a surge will inevitably have a very bad impact on the entire textile industry.
The editor hopes that PTA will fall
As a pursuing WeChat editor, Taking precautions is my best practicequality. So on the 22nd, 1809 finally fell by 0.24%. This was the first time PTA fell since August 10th.
Just in time, PTA1809 happened to rise to around 8,500. I remember reading some forecast articles saying that the futures high was around 8,500, so it should be stable. So the editor has written the article in advance and will publish it as soon as it drops.
As a result, it rose again…
What about the promised fall? Where is the promised high point of 8,500?
If PTA does not fall, polyester manufacturers will continue to take the blame! Weaving manufacturers will continue to be troubled by costs! Isn’t it difficult for traders to continue taking orders? The textile industry chain will continue to be harmed! (The editor’s article will continue to be unusable. If this paragraph is not available, delete it)
PTA, hurry up! </p
