1. The geopolitical crisis has resurfaced, and oil prices have jumped up again! A new round of price increases for polyester is coming (hotness: ★★★★★★)
Recently, geopolitical crises have resurfaced, and international Oil prices rose violently again, and domestic polyester raw materials also ended their half-month price decline. The rise in oil prices led the prices of PTA and ethylene glycol to enter an upward channel. Boosted by the surge in crude oil, PTA futures stopped falling and rebounded on the evening of the 14th, and quickly rose after the opening on the 15th, standing at 4,600 points. Also as a raw material for polyester, the market price of ethylene glycol has also risen due to the boost of crude oil. At the opening of trading on the 15th, the main contract of ethylene glycol futures on the Dalian Commodity Exchange rose to above 5,000 points.
2. The big promotion of polyester filament is launched: the intensity is amazing, and the production and sales are off the charts! (Popularity: ★★★★★)
On April 12, polyester filament Prices have fallen sharply: polyester yarn from a large factory in Jiangsu has been reduced by 350-400 yuan; polyester yarn from a factory in Shaoxing has been reduced by 200-450 yuan; FDY, another mainstream large factory in Shaoxing, has been reduced by 300 yuan; polyester yarn from a factory in Xiaoshan has been reduced by 400 yuan. It is understood that after this big promotion, the price of polyester yarn has indeed brought about an increase in production and sales, and downstream and traders have appropriately covered their positions on dips. On that day, the average production and sales of polyester filament in polyester factories exceeded 500%, which can be said to be the best day for production and sales since mid-March.
Xinfengming announced that the company’s wholly-owned subsidiary Huzhou Zhongyue Chemical Fiber Co., Ltd. (” “Zhongyue Chemical Fiber”)’s new differentiated and functional fiber material project with an annual output of 300,000 tons was officially put into production on April 13, 2021.
The announcement shows that the project adopts domestic advanced polyester melt direct spinning and online addition of light absorbing agents, hydrophilic agents and other continuous process technologies, a three-kettle process, and imports the world’s advanced The new drafting and winding equipment has 12 differentiated and functional new fiber material production lines, supporting auxiliary production equipment and public engineering equipment, forming an annual production capacity of 300,000 tons of differentiated and functional new fiber materials.
4. Awesome! Sinopec’s first PTA project with an annual output of 3 million tons has started construction (Hot: ★★★)
April 17, Sinopec’s first PTA project with an annual output of 3 million tons held a groundbreaking ceremony at Yizheng Chemical Fiber Company. The project adopts advanced energy-saving, environmentally friendly and short-process technology routes, and is planned to be completed and put into production in the first half of 2023. This is an important step for Sinopec to strengthen the aromatics industry chain, expand high-end new materials, and accelerate the construction of a “one base, two wings, and three new” industrial pattern.
5. Textile and clothing exports got off to a good start in the first quarter! Cumulative exports reached US$65.1 billion, a year-on-year increase of 44% (Popularity: ★★)
In the first quarter of this year, national textile and apparel exports were US$65.1 billion, a year-on-year increase of 44% (year-on-year in RMB An increase of 34%), 5.3 percentage points lower than the growth rate of national goods export trade, and an increase of 15.6% compared with the first quarter of 2019 (the same period before the epidemic). Among them, textile exports were US$31.81 billion, a year-on-year increase of 40.3% (a year-on-year increase of 30.6% in RMB), and clothing exports were US$33.30 billion, a year-on-year increase of 47.7% (a year-on-year increase of 37.5% in RMB).
6. BCI official website removes “Boycott Xinjiang Cotton” statement (Popularity: ★)
Since the announcement of “boycott the purchase of Xinjiang cotton” on the H&M Group’s official website, it has aroused heated discussions among netizens and received a collective boycott from consumers across the country. After a period of fermentation, some netizens recently discovered that BCI has finally removed from the official website The statement has been uploaded and removed, and the link to the statement can no longer be found on the official website. </p