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[【News】Global shipping troubles, chemical fiber industry inventory imbalance]
Release date:[2021/8/24] Read a total of[45]time

The sea shipping industry in the world is in its biggest dilemma in 65 years! Port congestion and rising or continuing freight rates have become the main theme in the first half of next year!

   Since the outbreak of the new crown epidemic, the disadvantages of backward port infrastructure on a global scale have become increasingly prominent. According to Kuehne+Nagel's real-time data, there are currently 353 cargo ships blocked in ports around the world, twice the number at the beginning of the year. There are 22 freighters waiting outside the Port of Long Beach and Los Angeles in the United States. Congestion followed by rising prices of goods, delays in delivery, mismatch of market capacity, and "explosive schedule" of freight rates.

  One of the reasons for global freight congestion is the varying levels of border controls implemented by countries in response to the epidemic, as well as the forced shutdown of many factories, jeopardizing the smoothness of the entire supply chain and causing soaring freight rates on shipping routes in China, the United States and Europe.

   In just two weeks, due to port congestion and new Covid-19 restrictions, the number of dry bulk carriers near Chinese ports has almost exploded.

  According to AIS data obtained by dry bulk carrier Lauritzens Bulkers, recently, 7.5% of the world’s small dry bulk carriers, including Handysize and Supramax, are berthed near Chinese ports. This means an increase of 37% in just 10 days, which is equivalent to about 570 dry bulk carriers waiting to be unloaded at Chinese ports. The data two weeks ago was about 400 ships, and the number of handy and super handy dry bulk ships in the world was about 7,725.

   More terrifying than the high ocean freight and port congestion is the increase in stocking of grey fabrics!

   After mid-July, the downstream chemical fiber weaving industry orders gradually turned cold. Although the overall operating rate is still at a high level in the same period, it is difficult to analyze the situation of various regions and models in a specific way. In the second half of the year, what is more terrifying than the lack of orders and the high sea freight is the increase in the stocking of grey fabrics.

At present, judging from the trend of various indicators, the start-up load of weaving is still at a high level in previous years, and the inventory of grey fabrics and raw materials are still within the controllable range. From the above three indicators, it can be determined that the current There is support for the load and price of diol, but an indicator that cannot be ignored is the number of order days. It is basically approaching the same period in 2020. The off-season atmosphere is undoubtedly leaked. It can be concluded that the three indicators are relatively large support points. Gamble".

During the period, Southeast Asia orders did indeed return to a certain extent, and weaving autumn and winter orders were also started in advance. However, more atmosphere came from cloth dealers’ inquiries and orders, which created a “prosperous” scene in the market. In fact, until now, terminal clothing has not No large-scale signing mode has been opened, especially for autumn and winter orders.

   Then, how does weaving the grey cloth in your hand affect the raw materials? On the surface, the excessive amount of grey cloth in society has a drag on the start of weaving, polyester yarn, and even PTA and ethylene glycol. Once the merchants have intensive and large-scale low-price dumping behavior, it will be extremely detrimental to the entire chain. However, through communication with cloth dealers, if the "Golden Nine and Silver Ten" arrives as scheduled in the second half of the year or the price of polyester yarns is firm, this part of grey fabrics may be considered for digestion next year, and the impact on the market can be ignored for the time being.

 Hai’an Qinfeng Chemical Fiber Co., Ltd. specializes in the production and sales of: polypropylene staple fiber, polyester staple fiber, functional polypropylene staple fiber, functional polyester staple fiber, hydrophilic polyester staple fiber, polypropylene staple fiber, PP staple fiber, polyester staple fiber.

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