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The focus of PTA spot negotiations in the morning shifted upwards. In the morning, MEG internal prices fluctuated and consolidated. Negotiations were deadlocked. Today's prices remained stable.
After the production and sales of polyester filaments were significantly increased on Friday, factories often raised their quotations on weekends, but downstream and terminal factories had a certain amount of raw material inventory after moderate replenishment, and the willingness to continue replenishment was not strong. The overall production and sales data fell on the weekend. It is expected that polyester filament yarns will show a narrow fluctuation trend today, focusing on the trend of crude oil and polyester raw materials and changes in downstream demand.
As the world’s largest consumer market, although China’s textile exports to the European and American markets have gradually been overtaken by emerging markets such as Southeast Asia, on the other hand, Southeast Asian countries also import yarns and fabrics from my country to a large extent. For reprocessing in its own country, its export destination is still European and American countries.
Therefore, while the vaccine news was fermented on a large scale, the polyester filament market ushered in the long-lost popularity, and weaving companies began to hoard raw materials.
On December 4th, according to the data monitoring of the China Silk Capital Network, the polyester filament market in Jiangsu and Zhejiang is booming. The average production and sales of major manufacturers are 200%-300%, and the production and sales of some factories can reach 500%.
After the outbreak of polyester yarn production and sales on December 4, some polyester factories started to increase prices, with an increase of around 50-100 yuan/ton. It is not ruled out that polyester yarn prices will continue to rise in the future.
The outbreak of the polyester market is just a microcosm. As the new crown vaccine begins to be widely promoted in European and American countries in the next few weeks, there may be new opportunities for the textile market at the end of the year.
From January to July 2020, the United States imported 46.785 billion US dollars of textiles and clothing, a decrease of 27.85% year-on-year. Among them, imports from China totaled US$12.133 billion, a year-on-year decrease of 42.8%, imports from Vietnam US$7.408 billion, a year-on-year decrease of 11.13%, and imports from India US$3.56 billion, a year-on-year decrease of 27.7%. It can be seen that the United States imported textiles and apparel from China. The percentage of decline is the largest.
It is foreseeable that domestic textile exports will still face great pressure in the future, but the order should be received or received, but the textile boss needs to be vigilant. Try to specify possible risks in advance in the contract and try to avoid them.
Xuzhou Heping Chemical Fiber Co., Ltd. is a professional manufacturer of polypropylene high-strength yarns, polypropylene industrial yarns, polypropylene high-strength yarns, high-strength polypropylene network yarns, split film industrial yarns and other polypropylene products, which are well received by the market.
If you want to know more product information, please contact: Mr. Wang 187 5178 8889 Website: http://www.cdot.net.cn/