- Tell： 0086-516-88400888
- Fax：0086-516-88400888
- E-mail：xzhphx@163.com
- Address：Industrial Zone, Liji Town, Suining County, Xuzhou
"Commodity analysis is no better than a few drones." This week's textile people are always paying attention to the "snake moth" in Saudi Arabia every day.
After the Mid-Autumn Festival, the first day of the market opened, WTI gap opened 17% higher, the whole day rose 14.68%; Brent opened 19% higher, the whole day rose 14.61%. PTA changed its pattern of weak shocks in the previous period and jumped to 5,328 yuan/ton. Ethylene glycol opened in one step and directly went up, and the night plate soared more than 7%. Polyester filaments are also unwilling to be lonely, and the price is generally raised by 200 yuan / ton.
On September 15th, the production and sales of polyester yarn in Jiangsu and Zhejiang reached 120%, and on the 16th, it reached a level of 270%. However, the good times did not last long, and Saudi Arabia’s “just right” basin of cold water poured out the enthusiasm of the market. The Saudi Energy Minister issued a statement saying that the recovery rate of Saudi oil production will be faster than originally expected and will return to normal within 2-3 weeks. In the past two days, the degree of recovery of Saudi oil production will be More than half, fully recovered at the end of September. As soon as the news came out, both the oil price and the polyester raw materials fell back, and the production and sales of polyester filaments quickly fell back to the level of 30%.
From the subsequent impact of the incident, it should mainly depend on two points: 1. The recovery rate of damaged production capacity and the release of spare capacity; 2. How Saudi Arabia and even the United States will respond to this terrorist attack in the future.
First, it directly affects the balance of supply and demand. But one can't control the primary information, and the second is that it is only a matter of time in nature, and the long-term impact is limited. Therefore, the latter is a particularly critical variable affecting the future oil price trend. The deeper impact behind this is that the crude oil market will have a significant increase in the risk premium for instability in the Middle East.
The outstanding problem exposed by this incident is that the Abqaiq of this terrorist attack is the core assets of Saudi Arabia, and the level of security defense is also extremely high. It can be said that it is the heart of the entire Saudi defense. This time, it was able to break through the defense by several drones and cause passive production reduction of more than 50% of the country's production capacity. The hidden danger of the supply of oil in the entire Middle East is conceivable. No one can guarantee the follow-up. A new dispute.
The grey cloth market reacted dullly
However, the terminal grey cloth market has been relatively calm. The price was stable on Sunday, and some people took a bit of goods; on Monday, the price rose, and the other took a little; on Tuesday, there was no movement.
Q: Is there any good point in the sales of grey cloth?
A: Wujiang market did not respond, Xiao Shao market is general.
Q: If the price of oil cannot fall, the cost behind it will not come up. If you don’t get the goods now, is it harder to do it?
A: The business is not good, the inventory is too much, the product price can't keep up, and the big deal can't hold it and stop.
Q: There is a partial improvement in the Haining market, but there are not many buyers. Why?
A: The shipment is ok, there is no price difference, there is no power, the machine can't be opened, it doesn't matter; if you want to increase the price, the market goods may fall down directly.
The skyrocketing is not sustainable, and the risk is not worth it. If you are alive, you will stop. This year, the downstream is also seen too much, every time the skyrocketing, often back to the original shape, leaving a chicken feather, and more and more inventory. At present, the days of the entity are quite sad, and the cost increase is inevitable. Before the stocks are digested, they can only bear the pressure of rising costs.
summary
In general, since June, the textile market has continued to weaken, the peak season is not prosperous, and the off-season is even lighter. Although the oil market "slapstick" in the past two days has added some variables to the off-season, but after all, there have not been too many waves.
In the case that the terminal clothing orders have not improved, the overall impact of falling oil prices on the chemical fiber textile industry chain is very limited. Perhaps the short-term oil price increase will promote the short-term increase of raw material prices, but will eventually fall due to poor demand. However, in today's turbulent macro environment, the market is uncertain too much, and often a wind and grass will change the original market trend, and the market still needs to pay close attention to the macro environment.
Xuzhou Heping Chemical Fiber Co., Ltd., located in Xuzhou Huaihai Economic Development Zone, provides customers with high-quality and high-quality polypropylene high-strength yarns with the production technology, strict quality control system and high-quality after-sales service. The product performance is good and the price is right, and can support the customized sample. The main products of peaceful production are: polypropylene industrial silk, split film industrial yarn, high-strength polypropylene network wire, polypropylene high-strength wire, polypropylene high-strength wire and other polypropylene products.