At present, the market is affected by the intrusion of Omicron, which is affecting the recovery of demand in the textile industry. Most orders have been delayed, including changes in upstream oil prices. The entire industry chain price and supply and demand are “in jeopardy.” As we enter the new year, the market will also come to an end. In previous years, prices have fallen at the end of the year, and it is common for textile companies to stock up on goods. However, this year’s “weird” market changes have made textile people a little overwhelmed and extremely difficult. The sharp rise and fall of raw material prices and the lack of terminal orders have restricted enterprises and made people complain.
The rules of the “oil” game are subject to change
The “Black Friday” in the oil market a few days ago caused oil prices to plummet by more than 10 US dollars. Since then, they have been fluctuating below 70. One of the main factors affecting oil prices, the new mutant strain Omicron, has recently been internationally held ” With the attitude that it is not as powerful as the Delta strain, concerns have eased. On the 7th, crude oil rose by more than 5%, becoming the highest increase in recent months. After the U.S. dumped reserves to control oil prices, there have been reports of supply-side production increases recently, and uncertainty about oil price trends will continue. However, the epidemic will still affect the entire industrial chain. Until the epidemic becomes clear, crude oil will still have great variability.
PTA continues to rise with crude oil
PTA, which had been operating at low prices a few days ago due to falling costs, took off on the 7th thanks to the skyrocketing oil prices.
In the early stage, PTA prices were affected by the sharp drop in international oil prices and were dragged down the slide. PTA companies started equipment maintenance under the pressure of declining profits, which alleviated the overstocking situation to a certain extent. However, the load of polyester factories continued to decline. , PTA processing fees are still not very good when the overall social inventory is high.
PTA is still fluctuating with cost fluctuations. Oil prices rose sharply on the 7th, and PTA followed suit, driving up prices. Whether PTA can be effectively destocked at the end of the year largely depends on the implementation of maintenance. However, the current terminal market atmosphere is not enthusiastic, which affects the entire industry chain and also restrains PTA companies. It is expected that PTA demand will still be weak in the future.
It rises and falls again, like two “threads” for a moment
There are rumors in the circle of friends that polyester factories will raise prices by 300 yuan on the 8th. Let’s not discuss whether it is true or not. The sudden rise in oil prices has led to a series of price increases in the upstream. Originally, some polyester filament manufacturers had promoted in advance starting from the 6th. On the 7th, most manufacturers were still lowering prices for promotions, but suddenly some manufacturers began to raise prices slightly. Is this an attempt to promote sales or to increase prices in line with costs?
For a moment, they seemed to be completely different from each other, which made people confused. In recent days, with the continuous weakening of the cost side, the disappearance of terminal orders, and the weakening of supply and demand, polyester stockpiles have continued to rise. In addition to necessary on-demand purchases, weaving companies simply do not dare to stock up on the year-end goods, and just want to end it safely. However, polyester yarns went up and down on the 7th as costs increased. Polyester yarn manufacturers stimulated downstream users to purchase goods. Weaving companies were affected by market sentiment and will make appropriate replenishment of positions. However, the demand for polyester filament has weakened due to seasonality, coupled with the unsatisfactory foreign trade this year, the order is expected to be limited, and the inventory pressure of weaving enterprises is not small. The subsequent production and sales of polyester filament may be sluggish again.
It is difficult to control the global epidemic in a short period of time. Although crude oil rebounded in the short term, subsequent changes are still large. Polyester factories will stabilize raw material prices through production cuts and other measures, and the cost side will also be slightly supported for the time being. However, the terminal is weak, and the price of polyester products may still decline to a certain extent in the future.
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