Shortly after the market opened on March 23, PTA and ethylene glycol futures fell to a limit again! Although the subsequent rebound slightly, the overall decline is still very large.
In terms of PTA futures, as of the close of 15:00 on March 23, the main closing price of PTA futures 2005 contract was 3394 points, a drop of 128 points or 3.63% from the previous trading day.
方面 As for ethylene glycol futures, as of the close of 15:00 on March 23, the main closing price of the 2005 contract of ethylene glycol futures was 3474 points, down 169 points or 4.64% from the previous day.
In terms of polyester filament, under the influence of the plunge in the price of polyester raw materials, the price of polyester filament fell again on March 23: a major manufacturer in Shengze, Jiangsu dropped 150-200 yuan / ton; POY in Xiaoshan No. 1 factory fell 100 yuan / ton, depending on the amount of 300 yuan / ton discount; Zhejiang factory DTY fell 150-200 yuan / ton ...
Although the textile people have been wondering about the decline in the price of raw materials since the beginning of this year, there have been some new situations this time, so Xiaobian will analyze the wave routinely below.
The outbreak + stranded in the rescue! Crude oil stocks plunge
First, the US epidemic continues to escalate. According to the new real-time statistical system of the new crown pneumonia data released by Johns Hopkins University in the United States, as of 18:43 EST (7 am Beijing time this morning), there were 33,073 confirmed cases of new crown virus in the United States.
增多 The main reason for the increase in the number of confirmed new crown virus infections in the United States is the increase in the number of nucleic acid tests. However, due to the shortage of kits, many Americans still cannot get timely detection, so the real data may be much higher than what has been confirmed now.
The stranding of the US bailout plan is another noteworthy thing. As the new crown epidemic continues to spread in the United States, the Trump administration expects to borrow more than $ 2 trillion in a "package package" to save the impact of the US economy, but the plan was due to Democrats "Dissatisfied" and failed to pass.
Under the influence of the double negative news of the outbreak of the outbreak and the failure of the rescue plan, the three major stock index futures of the US stocks opened lower after the low opening, all of which fell more than 5% and reached the fuse limit.
The same is true for international oil prices. WTI crude oil futures fell 6% at the beginning of the session and are now reported at 21.60 US dollars / barrel; Brent crude oil futures fell nearly 6% to 28.12 US dollars / barrel.
U.S. stocks and international oil prices are the weathervane of the global futures market. Once they fall, polyester raw materials are likely to fall.
Frequent cancellation of foreign trade orders
Relative to the continuous decline of polyester raw materials, the recent frequent cancellation of foreign trade orders is a problem that makes cloth owners more headaches.
Keqiao China Textile City has been open for half a month, and more than 80% of enterprises have started to resume work, but the traffic is only one tenth of the usual. A local industry survey report showed that 78.4% of textile companies indicated that orders were decreasing, and 64.8% reported that existing orders were cancelled by customers.
Recently, Xiaobian also found this problem in the exchange with many textile bosses who do foreign trade: most bosses said that they have received notice of cancellation of orders from customers, which involved South Korea, Italy, the United States, etc. No notice was received, but the customer exchange also revealed that they are not optimistic about the consumption of the market, and the speed and volume of ordering will decline.
開始 Beginning in early March, a large number of European and American clothing stores ceased to operate externally, and a large number of clothing department stores and e-commerce performances encountered Waterloo, which is the direct reason for the recent frequent cancellation of European and American orders.
As foreign epidemics continue to ferment and the number of confirmed patients grows at an exponential rate, it is bound to be more cautious for textile companies to make orders. Even if orders are actually placed, it is also necessary to consider whether the follow-up will be cancelled: the risk of accepting orders is huge, and not accepting orders There is no income, it can be said that it is a dilemma.
產(chǎn) Is the production cut before the loom is full?
Affected by the domestic epidemic, this year's textile market is much later than previous years. In addition, the restrictions on the flow of migrant workers have exacerbated the difficulty of recruiting textile companies, and the weaving machine operating rate has recovered slowly.
監(jiān)測 According to the data monitoring of China Silk Capital Network, as of March 20, the operating rate of water jet and air jet loom in Shengze area was about 80%, which was 10% lower than the same period last year.
According to the situation in previous years, "Golden Three Silvers Four" is the traditional peak season of the textile industry. Next, the weaving machine startup rate will continue to increase, but in the process of visiting the market, from the situation learned by cloth bosses, with the return The situation continues to increase. Perhaps next month, under the pressure of high stock of grey fabrics, some weaving companies will choose to shut down some machines, and the weaving machine startup rate will decrease without increasing.
