With the release of good news such as free vaccines for all and the completion of China-EU investment agreement negotiations, the domestic textile market is in high spirits. At the end of the replenishment period of textile companies, raw material prices have risen by leaps and bounds, which has also brought more speculation to the capital market. Opportunity.
Exciting chemical fiber capital market: raw material futures are advancing by leaps and bounds, and the market value of listed leading companies is approaching 200 billion
1 On March 4, the main 2105 contract of PTA futures finally closed at 3922 points, an increase of 120 points or 3.16% from the previous trading day. The main 2105 contract of ethylene glycol futures finally closed at 4503 points, an increase of 179 points or 4.14% from the previous trading day. The main short fiber futures contract 2105 finally closed at 6538 points, an increase of 174 points or 2.73% from the previous trading day.
Rongsheng Petrochemical’s market value rose to a maximum of 199.46 billion on the 5th yuan, only one step away from 200 billion. Since July 2020, it has increased by 134.47%.
Polyester and cotton yarn spot markets have risen one after another
Although textile companies are nearing the end of their inventory replenishment, major textile raw materials are still rising at will.
In terms of polyester filament, on January 6, the quotations of some mainstream polyester manufacturers continued to rise by 50-100 yuan. The price of polyester yarn from a major manufacturer in Tongxiang generally increased by 50 yuan; Polyester yarn prices of factories rose by 50%; polyester yarn prices of a major mainstream factory in Shengze, Jiangsu rose by 50%; FDY, a major mainstream factory in Shaoxing, generally rose by 50%.
The current spot price of short fiber has exceeded the 6,000 yuan/ton mark, showing the bullish mentality of the textile market. In the case of rising polyester staple raw materials, the pure polyester yarn market is mainly strong. On January 5, the price of pure polyester yarn 30S was 10,850 yuan/ton, an increase of 150 yuan from yesterday.
It is understood that driven by the rise in cotton, the spot price of cotton yarn has increased by 200-500 yuan/ton. On January 5, carded cotton yarn 32S was quoted at 23,900 yuan/ton, and rayon performed particularly well. Eye-catchingly, on January 5, the price of rayon yarn 30S was 15,300 yuan/ton, which increased by 1,000 yuan/ton in 4 trading days.
A salesperson from a medium-sized enterprise in Hebei Province said that late payments increased around New Year’s Day, and the quotations for combed open-end yarn varieties were increased by 300 yuan/ton. He said: “The price of cotton yarn after New Year’s Day has risen, and it is even more popular than before New Year’s Day.” The person in charge of a viscose yarn production company in Peixian County, Jiangsu Province said that after mid-December, their orders increased by 30%, but because Production capacity is limited and still cannot meet order demand.
The continuous rise in prices has also caused distress to downstream textile companies. What they are distressed about is that the rising cost of raw materials has deterred their customers. If it rises again, customers will be scared away.
When we enter the end of the year, whether it is the stock market, crude oil, The prices of precious metals, various chemical raw materials, and commodities have all increased to varying degrees. However, we need to be vigilant. With the physical manufacturing industry in China being the only country in the world to have almost completely recovered, a large amount of funds that lacked a place to go have been concentrated in the securities and futures markets, driving up the prices of various commodities. This may also be the case. Contains polyester raw materials. Of course, relatively speaking, the growth rate of textile raw materials such as PTA, ethylene glycol and polyester filament is relatively not high, and the prices have not shown an obvious “falsely high” phenomenon, so the risk of chasing prices in the near future is not great.
It is foreseeable that in the future, driven by the positive expectations brought by the vaccine and the “rigid demand” of textile companies to stock up at the end of the year, the price of polyester filament will rise. The momentum may not stop in a short time;
But on the other hand, it is understood that most downstream textile companies are currently focusing on completing the delivery of early orders, and some textile companies Enterprises have started pre-holiday stocking, and the rising polyester prices may put many weaving enterprises into trouble.”Dilemma” situation: If you don’t buy it, others will buy it. If you don’t buy it now, it will be more expensive to buy it later, but if you buy it, it will put greater pressure on the already fragile capital chain of textile companies.
Textile companies need to consider more of their own factors when buying raw materials, and the best ones are the ones that suit them.</p