March is about to become a thing of the past, and the last weekend of this month is finally ushering in. The new things that happened this week are really Quite a few, H&M is frantically testing on the verge of death, a 400-meter giant cargo ship ran aground and blocked the “main artery” of international trade, and China took the lead in ratifying the RCEP agreement…
Next , let us find out together!
H&M is on the verge of death
On March 24, the Central Committee of the Communist Youth League He directly named H&M on social media with fierce words, “While spreading rumors to boycott Xinjiang cotton, you also want to make money in China? Wishful thinking!” Some netizens said that as an old member, I took the initiative to leave and said goodbye to H&M.
The editor has something to say: As one of the top four markets of the H&M Group in the world, the Chinese market will definitely have a great impact on itself. . However, in the process of boycotting H&M for slandering Xinjiang cotton, other European and American clothing brands may be involved. It may eventually have an impact on the entire foreign trade of clothing and textiles.
The giant freighter ran aground and blocked the “main artery” of international trade
On the morning of the 23rd, Cairo time, The Ever Given, a 400-meter-long ultra-large container ship, ran aground in the Suez Canal, forcing this important waterway in the world to be suspended.
As one of the busiest shipping routes in the world, the Suez Canal provides a passage for ships to and from Asia, the Middle East and Europe, accounting for approximately 12% of world trade. To transport goods through it, an average of nearly 50 ships pass through the canal every day, and sometimes far more than this number.
The editor has something to say: This will definitely have a big impact on fuel prices and shipping costs. However, official news says that navigation will be reopened in two days, so for As for textile people, there is no need to worry too much. The Suez Canal being blocked is like shutting down the dyeing factory for two or three days due to environmental reasons. Although the goods cannot be produced at once, as long as the cloth boss is not in a hurry to ship goods, the short-term The suspension of production will not have any substantial impact.
China took the lead in ratifying the RCEP agreement
The head of the International Department of the Ministry of Commerce said on the 22nd, At present, China has completed the approval of the Regional Comprehensive Economic Partnership Agreement, also known as the RCEP Agreement, and has become the first country to ratify the agreement.
The editor has something to say: According to regulations, the RCEP agreement needs to be approved by at least 9 of the 15 members before it can take effect, including at least 6 ASEAN member states. and at least 3 countries among China, Japan, South Korea, Australia and New Zealand. Once the RECP agreement comes into effect, it will also have a profound impact on our textile industry.
European epidemic rebounds again
Due to the resurgence of the epidemic, German Chancellor Merkel announced on the 23rd that the epidemic closure measures would be extended to April 18. Previously, Italy, Hungary, Poland, the Czech Republic and other European countries have entered a new round of blockade. British Prime Minister Johnson warned on the 22nd that the third wave of the epidemic in Europe would hit the UK. According to Reuters Chinese website, ING said in a report, “Oil prices had their worst weekly performance this year last week as concerns about a surge in new cases across Europe increased, and there were clear signs of weakness in the physical market. ”
The editor has something to say: Europe, as a major exporter of China’s textiles, has been repeatedly tortured by the epidemic and has extended the blockade, which will have a great impact on my country’s textile foreign trade. Impact, now that March is about to pass, will Silver Fourth still receive a large number of foreign trade orders?
Market Review
Polyester: PTA prices fluctuated this week. As international oil prices fell this week, fluctuations in the cost side of PTA and ethylene glycol eased. At the same time, downstream raw material plants digested the previous increases, and PTA prices began to fall slightly. The current PTA internal market transaction discussions are around 4280-4300 yuan/ton.
In terms of polyester filament, the price of polyester filament fell slightly this week. As of Thursday, the quotation of FDY 75D/48F mainstream manufacturers fell to 8400-8500 yuan/ tons, while the quotation of FDY 50D/24F products fell to around 9400-9500 yuan/ton.
In terms of profit, PX suffered a larger loss this week It expanded slightly last week, and its current loss space has increased to US$138/ton. As for PTA, it is still losing money this week, and its current loss is around 161 yuan/ton. In terms of ethylene glycol, profits continued to remain profitable this week, with profits currently expanding to US$50/ton. In terms of polyester filament, the price of polyester yarn decreased slightly this week, but the profits of each product increased or decreased; FDY profit reached 827 yuan/ton; POY 150D profit increased, and the current profit is 990 yuan/ton; DTY 150D profit margin has shrunk slightly, and currently The profit was 819 yuan/ton.
In terms of operating rate, the average weekly operating rate of PTA this week was concentrated at 74.9%, an increase from last week The real-time operating rate was 72.5%, and the real-time effective operating rate was 79.9%. In terms of polyester, the average load of polyester this week was concentrated at 92.7%, down from last week1.4%. In terms of weaving, the operating rate of weaving manufacturers has recently dropped to about 78%.
In terms of production and sales, the performance of polyester production and sales this week In the downturn, as polyester filament began to decline, weaving companies continued to wait and see, so purchasing enthusiasm was average, and production and sales remained at 40-60%.
In terms of inventory, statistics from China Silk Capital Network According to the data, the overall inventory of the polyester market is now concentrated in 19-28 days; in terms of specific products, POY inventory is around 8-10 days, FDY inventory is around 13-23 days, and DTY inventory is around 14-28 days .
Weaving: From the Shengze Index of the Ministry of Commerce, it can be seen that the transaction atmosphere of the textile market has been average in the recent stage, the prices of some raw materials have begun to fall, and the overall price of fabrics has stabilized. Textile factories have basically returned to normal production, but the quantity of fabrics shipped has dropped significantly compared to the previous period. Especially the gray fabrics produced from high-priced raw materials after the new year, no one even cares about them. A few companies in the market have lowered their operating rates, or even cut production and taken holidays. Orders for some elastic fabrics are relatively good, but there are also situations where the price of spandex raw materials has risen sharply, resulting in fabric prices being too high and downstream orders being canceled. The current operating rate in Shengze is around 80%; at the same time, because the market has slowed down, the overall gray fabric inventory is now stable at around 38 days.
Printing and dyeing: The activity level of the printing and dyeing market this week It’s relatively good. The quantity of gray fabrics entering warehouses in dyeing factories has rebounded compared with the previous week. However, the overall order quantity is still slightly insufficient compared with previous years.
Recently, there have been a lot of queues in dyeing factories, and some factories even have queues for more than ten days. This situation occurs mainly because many dyeing factories do not have all the workers in place, and there are still vacancies, making it difficult for production to operate at full capacity. In addition, in these busy dyeing factories, most of the dyeing fees are relatively cheap and can attract more orders.
At present, the dye vat operating rate has returned to about 85%. Due to the shortage of workers, there is still a certain gap between the 100% operating rate and the same period in previous years. The increase in orders in the short term, coupled with the shortage of workers in the dyeing factory, has extended the delivery time. The overall delivery time currently takes about 15 days. In terms of products, conventional imitation silk, four-way stretch, T400, T8 and SPH performed relatively well. Among them, elastic fabrics such as four-way stretch were slightly more prominent, while other products performed generally and had a mixed variety.
Outlook
It seems that it is difficult for Jin San to receive a large number of orders again, so more expectations will be reserved for Silver IV. The market in April may be due to the surge in demand for summer clothing fabrics. The placement of a large batch of orders.
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