In recent years, changes in the situation between the United States and Iran have been the focus of market attention. On the 22nd, US President Trump announced on Twitter that he had ordered the US Navy to destroy all Iranian speedboats that "harassed" US ships. Crude oil seems to "hear" Trump's call. On the evening of the 23rd, WTI crude oil futures rose by more than 30% during the day. To the close, the June contract of WTI crude oil futures closed up 2.72 US dollars, an increase of 19.74%, reported at 16.50 US dollars / barrel. In the past two trading days, it has rebounded more than 40%, breaking away from the historical low.

Stimulated by the strong rise in the crude oil market, the polyester market is also booming across the board. On the 23rd, the PTA and ethylene glycol futures markets set daily limits, driving raw polyester filament yarns to raise prices. As of the 24th, the price of polyester filament FDY products is about 5280 yuan / ton, the price of POY products is about 4720 yuan / ton, and the price of DTY products is about 6600 yuan / ton.

The increase in the crude oil market and the daily limit of polyester raw materials are actually a great positive stimulus for polyester filaments, but the price increase of polyester filaments is not large. It can be said that most manufacturers still offer stable prices. .

At the same time, the production and sales of polyester yarns are basically a "one-day tour" market. On the 23rd, geopolitical tensions stimulated the price of crude oil to rise, driving the production and sales of polyester yarns to usher in the long-overdue market. But on the 24th, polyester yarn production and sales fell again to 50% to 70%.

Whether it is PTA, ethylene glycol or polyester filament, the current price is almost bottoming out, and there is no more room for decline. Although many companies just need to purchase during the Qingming period, they are gradually consuming. There are not many raw materials left, but weaving companies still do not pay, resulting in production and sales remaining at around 40%.

Weaving enterprises ushered in "order shortage", the international shipping industry suffered heavy losses

The main reason for the sluggish production and sales is that weaving companies have no orders to do. Needless to say, foreign trade, most foreign trade companies have entered a "vacation" state, the epidemic situation of major textile exporting countries such as the United States, Italy, Spain, Germany, France and other textiles is still spreading, leading to the survival of foreign trade exports this year.

The obstruction of foreign trade has caused dominoes to hit every part of the shipping industry this year! Recently, the international container shipping industry released the latest shipping data for this year: during the original peak season, the number of major shipping companies suspended by more than 400%, container throughput will drop by 10%, and carrier profits fell by 6 billion dollars year-on-year. The loss will reach 23 billion US dollars!

The domestic trade is also sluggish. After the orders received last year are completed, it is difficult to receive new orders. In the domestic trade market, competition for homogenization was fierce. Now that the epidemic has caused a shortage of demand, the cake has shrunk, but there are still so many people robbed, and naturally there is nothing left.

Inventory hits a three-year high, and the operating rate declines seriously

Insufficient orders naturally result in the continuous accumulation of grey cloth inventory. According to the sample enterprises monitored by China Silk Capital, the inventory of grey cloths in Shengze area has risen to around 43-44 days, exceeding the highest inventory point last year.

The rising inventory has caused the weaving manufacturers to start the reluctance to start the operation. This week, the startup rate of the weaving market has dropped to about 67%, lower than the startup rate of the same period last year. At present, it is close to the May Day holiday, but the market situation has not improved significantly. Except for the 190T Chunya spinning, 210T polyester taffeta, Chunya spinning conductive fabrics and other fabrics that can be used as protective clothing, the goods have improved. One meter is hard to come by. Therefore, many weaving companies have plans to take a long holiday on May 1 and continue to cut down. The operating rate of weaving enterprises is declining, and the demand for polyester yarn is naturally difficult to improve.

Insufficient funds of enterprises, the payback cycle is lengthened

Another important reason for not buying polyester yarn is that there is no money. Capital pressure is a problem faced by every link in the textile industry this year. It is even more difficult for enterprises that started to expand their factories in the central and western regions in 2017 and 2018 to buy plants and machines. It is reported that most enterprises' looms in the field are not full after the Spring Festival, and workers are difficult to recruit. Some enterprise bosses have said that workers are difficult to recruit and require the boss to drive a BMW to work.

When the market was first restored, the market was a good wave, but the looms were not full, not to mention the poor market conditions. Foreign factories have to feed, local factories have to feed, there is insufficient follow-up on orders, stocks continue to accumulate, and capital pressure is obvious.

At the same time, the current payment cycle is basically more than 3 months, and the previous is basically within 1-3 months. The epidemic is still spreading, and foreign factories are basically in a state of stagnation. When to resume work is also unknown. Foreign customers face a more severe form than domestic ones. It is quite difficult to get the full payment for the goods sent before.

For the current textile market, it is not just the two mountains of supply and demand. Funds, inventory, and production capacity are all headaches, so no matter whether the polyester yarn is going up or down, in fact, I do n’t care a lot. Anyway, there is no list. I will not buy it except to make up a little. Only when the epidemic situation in foreign countries can be effectively controlled, the demand can be improved, the market can be loosened, and the price of polyester yarn can be expected to rise while destocking.

Hai'an Qinfeng Chemical Fiber Co., Ltd. ranks among the high-quality enterprises in the industry with its single-stream professional technical strength, front-end quality inspection system and perfect quality inspection system. Fiber, functional polyester staple fiber, etc.

If you want to know more product information, please contact: Mr. Qian 13962787918, 13813743991 Website: http://www.glory-fiber.com/