Under the joint efforts of upstream and downstream, polyester raw materials have risen in price across the board in the last week.

In terms of PX, as of April 5, the average price of PX in Asia was US $1060.22 / ton CFR China and US $1037.22 / ton FOB South Korea, a month-on-month increase of US $25.32 / ton, or 2.45%.

In terms of PTA, many sets of devices have been stopped for maintenance recently, and the probability of device opening has come to 77.16%, the inventory situation has been eased, and the factors of crude oil price increase have been added, PTA futures once again broke through 6000 points, and the spot price has also exceeded 6000 yuan/ton, an increase of more than 100 yuan/ton.

In terms of polyester filament, the cost side is relatively strong by the impact of crude oil prices, the sales side is running smoothly, the recent price has risen slightly, and the overall increase is 100-150 yuan/ton.

In 2024, the domestic textile consumer market will continue to highlight, and explosive products such as Chinese wind, sunscreen clothing, tent cloth will emerge in an endless stream, stimulating the rapid growth of the end consumer market; Overseas exports have also recovered strongly, especially to emerging economies and countries jointly building the Belt and Road Initiative. The joint efforts of textile markets at home and abroad have caused the continuous hot production end of the textile industry after the Spring Festival. At this time, crude oil began to rise continuously, and it is not surprising that polyester raw material prices rose across the board. Oral data is increasing rapidly. The joint efforts of textile markets at home and abroad have caused the continuous hot production end of the textile industry after the Spring Festival. At this time, crude oil began to rise continuously, and it is not surprising that polyester raw material prices rose across the board.

The downstream market continues to be hot

As the upstream raw material of the polyester industry chain, the price of crude oil continues to rise, and the downstream textile market continues to be hot after the Spring Festival.

From December last year, the textile market orders began to be issued in large numbers, a large part of which could not be completed in the year before and continued to the year after. Therefore, after the opening of the Spring Festival, the textile market is continuously busy.

From a micro point of view, whether it is the fabric market, grey fabric market, weaving market or printing and dyeing finishing market, the performance is very good after the year: fabric varieties such as large jacquard, nylon silk spinning, elastic fabrics continue to sell well, grey fabric enterprises continue to ship, weaving enterprises maintain a high probability of loom, order continuity is good, and there is also a queuing phenomenon in the printing and dyeing finishing market.

Macro data also show that since the beginning of this year, domestic consumer market demand has shown a significant rebound.

In terms of exports, according to the General Administration of Customs data, the cumulative textile and garment exports in January-February were 45.09 billion US dollars, an increase of 14.3%, of which textile exports were 21.71 billion US dollars, an increase of 15.5%, and clothing exports were 23.38 billion US dollars, an increase of 13.1%.

In terms of consumption, data released by the National Bureau of Statistics show that from January to February, the total retail sales of consumer goods were 8,130.7 billion yuan, up 5.5% year-on-year.

The freshly-released Qingming Festival consumption data can more intuitively reflect the strong domestic consumer market, the Ministry of Culture and Tourism released data on the 6th, according to estimates, the Qingming Festival holiday in 2024, the country's domestic tourism for 3 days, an increase of 11.5% compared with the same period in 2019; Domestic tourists spent 53.95 billion yuan, up 12.7 percent from the same period in 2019.

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