Last week’s textile market was no longer lifeless:
On Monday (20th), the market set a new record, this is: the price of WTI in May not only set a record It hit a new low and even fell into negative territory. It finally fell more than 300% to close at -$37.63 per barrel.
On Wednesday (22nd), U.S. President Trump’s tweets intensified geopolitical tensions in the Middle East, and oil price futures rebounded quickly afterwards. WTI prices rose by more than 40% during the session.
The sharp rise and fall in oil prices has made people feel a little confused. PTA and MEG have also gone from the lower limit to the higher limit;
Polyester filament production and sales exceeded 100 again on the 23rd, and the prices of some specifications increased!
The most important thing is that polyester taffeta and pongee, which were originally considered “bad fabrics”, have been extremely popular in the market recently, with orders for millions of meters or nearly 10 million meters!
Spring is coming to the rags in the “post-epidemic era”!
With the outbreak of overseas epidemics, the global demand for anti-epidemic supplies has surged, far exceeding its current production. Moreover, many production activities abroad have stopped due to the epidemic, resulting in a shortage of protective clothing, Many products such as masks need to be imported from China. At this time, the market for non-woven fabrics and melt-blown fabrics was driven.
Many textile people have spotted this opportunity and have entered the market, purchasing non-woven fabrics and melt-blown fabrics everywhere. However, due to the limited market capacity, the demand for these fabrics is much higher than the supply. Therefore, some manufacturers in Dongguan even issued a domineering statement stating that orders have been scheduled for 2 months and they will not accept new orders! At this time, various alternatives “turned out”, including chemical fiber protective fabrics!
It is reported that the current sales of 210T polyester taffeta and 190T pongee on the market have improved significantly. At present, these fabrics have been certified by relevant testing agencies as protective clothing fabrics. Some textiles The boss sensed this business opportunity in advance, and orders of this type increased significantly.
Mr. Wu, who specializes in polyester taffeta and pongee in the market, said: “Our business has been relatively good recently. We only sell protective clothing from the market. In fact, it is good. The only ones sold are 190T, 210T polyester taffeta and 190T pongee, which are the lowest-end products on the market.”
Another textile boss said that he has recently received 2 Container orders of pongee + PE film are exported to Argentina. “Recently, the film factory is busy until 12 o’clock every day. There are many orders, and they are making pongee, polyester taffeta, and non-woven films,” he said.
In addition, recently, dyeing factory salesmen also said that the amount of polyester pongee, polyester taffeta and other fabrics entering the warehouse has increased significantly, and some dyeing factories have even heard the sound of “liquidation”. Although it is a bit exaggerated, it also shows from the side that these “rags” have indeed ushered in a wave of market prices recently.
Give it a try, Alto becomes Audi, 210T polyester taffeta is priced at one price a day!
Wherever there are interests, there are rivers and lakes! Since the beginning of this year, as the textile industry has been hit by the epidemic, domestic demand and foreign trade markets have slowly recovered, leaving little profit for textile bosses. Therefore, many textile people’s minds began to become “active”! In the market, there are calls for speculation on melt-blown fabrics, non-woven fabrics, and raw materials.
Many bosses also believe that in the current environment, it is very normal to make good use of every business opportunity. Mr. Qian, who has been producing polyester taffeta and pongee fabrics in the market for more than ten years, said: “There will always be people chasing after profits, so just follow the trend, transfer the limited resources you have, and earn reasonable fees!”
As the market for chemical fiber protective clothing fabrics heats up day by day, the phenomenon of bargain hunting, stockpiling, and reluctance to sell has appeared in the polyester taffeta and pongee markets. “In the early days, the popular polyester taffeta and pongee were all hoarded and not sold, driving up the prices. Now that things are getting better, we have taken advantage of this market trend to convert all our machines to produce 210 polyester. Taft has contracted two external factories to also produce this product.” A textile boss told the editor.
After too long of silence, the price of 210T polyester taffeta also ushered in a wave of increase. The average market price on the 24th was 0.88 yuan/meter, and it rose to 0.92 yuan on the 25th. /meter, although the price is suspected of speculation, but on the premise that market demand has improved, the early low prices have basically disappeared.
Give it a try and Alto will turn into an Audi, but you may also accidentally turn into an Oreo! Textile people who have suffered too many losses are also very cautious about this wave of craze. There are textile expertsIt reflects that although customers have 8 million meters of orders on hand, they only dare to take orders for 4 million meters, because they are afraid that the gust of wind will come and go quickly! After all, under the epidemic situation, everything is full of uncertainties. If peripheral production capacity rushes in, then this wave of market prices will easily be suppressed.
When will spring come back? There have been signs of recovery in the foreign trade market…
The impact of the epidemic on the market is still continuing. Although some textile companies have begun self-rescue and transformation, in today’s big economy where demand has not yet recovered, Under the circumstances, the future is still relatively bumpy. Many textile bosses engaged in foreign trade said that there are still no signs of amplification of overseas orders in the near future. If the overseas epidemic is controlled as soon as possible, the market will arrive as soon as possible.
“We export a lot, but the overseas epidemic and the resumption of work have a greater impact. But it seems that many foreign countries are ready to relax, and it is estimated that there may be more orders in the second half of the year.” A cloth boss said.
The latest data from the “U.S. Department of Labor” shows that due to the epidemic, more and more private companies across the United States are now It is in the bleak situation of being out of business or even facing bankruptcy. In the past three weeks alone, 17 million Americans have filed for unemployment.
In order to save this trend , the United States Internal Revenue Service has recently issued a one-time relief payment of up to two trillion yuan, and more than 90% of Americans have received this subsidy. Just in the past few days, the Trump administration has been ready to launch a new round of “economic stimulus” plan. Once the U.S. government distributes subsidies to ordinary people, the consequent consumer demand may explode within a period of time.
In addition, as the epidemic has pressed the “deceleration button” in Europe, the resumption of work and production in European countries has gradually begun to “accelerate the mode.” In addition to Europe, the United States is also planning to restart its economy, and Iran, the previously hardest-hit area in the Middle East, has also begun planning to gradually resume work and production.
I believe that as the epidemic eases, more and more countries will resume work and production. ! Well, this is the biggest good news for the textile industry. Although the market is still under pressure in May, the future is promising!
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