The sound of New Year’s firecrackers has just passed, and the textile market has ushered in the beginning of a new year. The market has just begun, and the polyester market has had a “good start”.
“Price increase” becomes the main theme after the holiday
At the beginning of the new year, the polyester market gave textile people a big “surprise”: driven by the rise in international oil prices, on the first day of the market opening, ethylene glycol and short fiber futures directly rose to the limit, while PTA futures It also rose by more than 4%.
Affected by this, the price of polyester filament has risen for many consecutive days:
On February 18, the price of polyester filament generally increased by 100-400 yuan/ton;
On February 19, the price of polyester filament generally increased by 100 yuan/ton ;
On February 20, the price of polyester filament generally rose by 50-100 yuan/ton
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Compared with the price before the Spring Festival holiday, the price of polyester filament has increased by nearly 500 yuan/ton in just two or three days after the market opened.
The rise in polyester yarn is temporarily difficult to stop
Judging from the polyester filament price trend chart, due to the new coronavirus epidemic Due to the impact of the epidemic, the price of polyester filament began to plummet in February 2020, hitting the bottom in April 2020. Since then, it has been fluctuating at low levels, and has been hovering at historically low prices for a long time. It was not until mid-November 2020, when the vaccine began to be officially vaccinated, that polyester prices began to rise.
As of February 19, polyester filament has rebounded to a low point close to 2019. If it continues to rebound, it will reach the regular price of polyester filament in previous years.
Cloth bosses can’t help but ask, will polyester prices continue to rise? Judging from the multiple benefits currently existing in the market, polyester yarns are still likely to rise in the future.
The global epidemic is approaching an “inflection point”
According to data from Johns Hopkins University, as of February In the week of the 14th, the number of new confirmed cases of COVID-19 globally was the lowest since October, at 2.7 million. This is equivalent to a 2.5% increase in cumulative confirmed cases from the previous week, the smallest increase since the beginning of the epidemic. It can be said that as more and more people are vaccinated, the growth of the global COVID-19 epidemic is approaching an “inflection point.”
The start-up time of weaving companies is accelerating
Because it takes time for workers to return home after returning home, most weaving companies started work later Concentrated between the tenth day of the lunar month and the Lantern Festival. However, due to the “Celebrate the New Year in situ” initiative during the Spring Festival this year, some workers did not return to their hometowns but stayed at their workplaces to celebrate the New Year. For textile companies, this can effectively improve the company’s start-up efficiency in the New Year.
There is still room for growth in raw materials
Judging from the prices of PTA and MEG, the main raw materials for polyester yarn, the price of MEG It has returned to normal levels in previous years, but the rebound of PTA is not that great. Although there are factors such as the integration project of leading polyester enterprises in recent years that has reduced the cost of PTA, this has also strengthened industry concentration. In the international Against the backdrop of oil prices returning to US$60, there is still room for growth in PTA and MEG in the future.
Textile people: If you have an order, place it as soon as possible, otherwise the price will increase!
However, for cloth bosses, the rapid rise in polyester raw materials not only brings “surprises”, but also brings a lot of “shocks”.
Some cloth bosses received their orders years ago, so they have prepared raw materials in advance, so the increase in polyester prices will not have a great impact on them;
But at the same time, there are also some fabric owners who are trapped in funds or have not prepared a lot of gray fabrics and raw materials considering the risk of polyester prices. For them, in the face of rising polyester prices, their own fabrics can only Follow the rise.
The boss of Youbu jokingly said: If you have an order, place it as soon as possible. The price may be the same every day.
But sometimes, the price increase of gray fabrics cannot offset the costs caused by the increase in raw materials Variety. A trader said: Although polyester yarn has risen sharply, because we are also engaged in some relatively conventional fabric trade, the market competition is fierce, and our bargaining power is not very strong. Now the price of goods has become more expensive. , the quotation cannot rise much, so the profit becomes lower and lower.
Editor’s note: In �Driven by the influx of raw materials, the current price of polyester filament can be said to be one per day, and the fundamentals of cost and demand seem to be supporting the continued rise of polyester filament. But for textile companies, the increase in raw material prices has brought “surprises” and “frights” at the same time. However, it is foreseeable that in the first half of 2021, the global epidemic will gradually recover and consumption will begin to pick up. Rising raw material prices may be a main theme in the market. Textile people must make early plans for this. </p
