1. International oil prices rose above the US$60 mark, hitting a 13-month high (Hot: ★★★★★★★★)
Last Monday, international oil prices soared to their highest level in about 13 months. As of the close of the day, the electronic trading price of WTI light crude oil futures for delivery in March rose by 1.09% to US$60.12/barrel; the price of Brent crude oil futures for April delivery rose by 1.41% to US$63.31/barrel. It is understood that after experiencing ups and downs in 2020, the international crude oil market has stabilized and recovered since this year. If counted from November last year, WTI and Brent crude oil futures prices have increased by more than 60%.
On the one hand, with the rollout of the COVID-19 vaccine and the slowdown in the growth of new COVID-19 cases, the market’s confidence in the global economic recovery has recovered, and international oil demand is expected to continue to heat up. On the other hand, seasonal changes also bring increased demand. Mezhevich, a Russian doctor of economics, pointed out that global energy consumption increases in winter, and it is difficult to use wind and tidal energy in cold weather. Energy consumption in daily life and industry further increases under low temperatures.
2. Rising, rising, rising, the polyester market is so bullish! The polyester filament market is ushering in a large-scale expansion (hotness: ★★★★★★★)
International oil prices continue to rise, which has a positive impact on polyester-related products. The spot prices of PTA and MEG both increased. Driven by international oil prices and its own supply and demand relationship, PTA futures on the Zhengzhou Commercial Exchange rose sharply at the opening on February 18. The main contract opened at 4,306 yuan/ton, an increase of 4.22% compared with the settlement price on the previous trading day. The ethylene glycol market also rose sharply, with the opening quotation of the main ethylene glycol contract rising to around 4986, an increase of 8.98%.
With the opening of the downstream weaving market, the demand for polyester filament is obviously in the recovery stage, and the “spring” of polyester manufacturers has quietly arrived. Returning from the holidays, the market price of polyester filament has achieved a “good start”. The polyester filament market has experienced a large-scale upward movement. The price focus of each product of mainstream manufacturers has increased to varying degrees, and the market outlook is generally good.
3. On the first trading day after the holiday, the main short fiber futures contract of Zhengzhou Commodity Exchange reached the daily limit (Hot: ★★★★ ★★)
On February 18, the main short fiber futures contract of Zhengzhou Commodity Exchange hit the daily limit, with an increase of 9%, and the quotation was 7734 yuan/ton. Crude oil surged again during the Spring Festival, while short fiber benefited from rising raw materials, improved terminal demand and its own supply bottlenecks, and will continue to rise after the holiday.
From the perspective of the fundamentals of short fiber itself, the supply and demand pattern performs relatively well, and the overall situation of high profit and negative inventory is maintained. During the Spring Festival, the start-up of short fiber production remained above 80%, which is significantly higher than in previous years. However, short fiber factories are generally in the negative inventory stage, and some mainstream manufacturers oversold by about 40-50 days. Therefore, during the Spring Festival, downstream vacations caused The accumulated inventory pressure is not great for short fiber companies.
Judging from the current recovery situation of downstream spinning mills, the overall situation is ahead of schedule compared with previous years, and the order status is also relatively satisfactory. Therefore, the increase in short fiber prices is also expected from the demand side. Produced a promotion effect.
4. Continue Trump’s policies? The United States will maintain the increase in tariffs on China, and the Sino-US trade war continues (Hot: ★★★★★)
February 19, Beijing time In an interview with reporters, the new U.S. Treasury Secretary Janet Yellen said: At this stage, the Trump administration’s policy of increasing tariffs on China will be maintained, hoping that China will continue to fulfill its commitments, and the United States will evaluate how to move forward in an appropriate way. The U.S. Chamber of Commerce warned that the interruption of economic and trade cooperation with China would lead to catastrophic consequences for the aircraft manufacturing, semiconductor production, chemical industry, medical equipment and other industries where the United States has traditional advantages, and may cause hundreds of billions of dollars in losses every year.
In response to the latest statement by the US Treasury Secretary, we responded that there are no winners in the trade war. We hope that the US side will listen to the voices of the business community and people of insight at home and abroad, and correct its wrong practices. , to promote the healthy and stable development of Sino-US economic and trade relations.
5.5 super high-rise buildings, with a maximum height of 380 meters, and an investment of 11 billion! Hengli’s global operations headquarters has officially settled in Suzhou Park (Popularity: ★★★★)
On January 15, Jiangsu Suzhou Industrial Park Hudong was successfully sold 1 The residence of clan merchants. Hengli Group Co., Ltd. won the land at a reserve price of 2.1 billion yuan, with a floor price of 4,804 yuan/㎡. This also means that Hengli’s global operations headquarters will officially be located in Suzhou Park.
It is understood that the plot of land purchased by Hengli this time is located in the east of Si’an Street and the south of Wangdun Road. It is divided into three areas for development and plans to build 5 super high-rise buildings. The transfer area is 61570.8㎡, which is planned as hotel land (apartment hotel).��Hotel), business and financial land, urban residential land (serviced apartments), floor area ratio 5.0-7.1, total construction area approximately 437,153㎡. This time, the Hengli Global Operations Headquarters project is located in the Suzhou Free Trade Area. It is believed that with the construction of the Suzhou Free Trade Area and relying on the pace of Suzhou’s opening up to the outside world, Hengli Group will once again usher in a new starting point for development and obtain new major development opportunities.
6. Hengyi Petrochemical’s 1 million tons of differentiated environmentally friendly functional fiber project has been fully put into production (Hot: ★★★)
Hengyi Petrochemical announced that the company’s subsidiary Haining Hengyi New Materials Co., Ltd. is building the fifth production line D of the “1 million tons of differentiated environmentally friendly functional fiber construction project per year” (capacity of 250,000 tons) tons/year) related supporting projects have been put into production recently and are producing qualified products normally. D-line products are mainly semi-matt FDY. Up to now, Haining Hengyi New Materials Co., Ltd.’s “1 million tons of differentiated environmentally friendly functional fiber project” has been fully put into production, with a total production capacity of 1 million tons. The company’s current total polyester fiber (filament and staple fiber) production capacity reaches 7.25 million tons.
7. Eurostat: China will replace the United States as the EU’s largest trading partner in 2020 (Popularity: ★★)
Foreign trade data released by Eurostat on the 15th showed that in 2020, trade in goods between the 27 EU countries and China bucked the epidemic and grew in both directions, with China replacing the United States as the EU’s largest trading partner for the first time.
Data show that the EU imported 383.5 billion euros of goods from China in 2020, an increase of 5.6% over the previous year; it exported 202.5 billion euros of goods to China, an increase of 2.2%. European and American trade declined in both directions. Last year, the EU imported 202 billion euros of goods from the United States, a decrease of 13.2% from the previous year; and exported 353 billion euros of goods to the United States, a decrease of 8.2%.
According to statistics, among the EU’s top ten goods trading partners, China is the only one that has achieved two-way trade growth.
8. Uniqlo surpasses ZARA and becomes the world’s largest clothing company by market value (Popularity: ★)
The market value of Japan’s Fast Retailing Group, the parent company of Uniqlo, reached 10.87 trillion yen (approximately 664.9 billion yuan) at the close of trading on Tuesday, surpassing ZARA’s parent company Inditex and becoming the world’s largest listed clothing company for the first time. It achieved this goal set by its founder Tadashi Yanai in 2011. </p
