This week’s typhoon “fireworks” affected the PTA market soaring, the top 50 global chemicals in 2021 were announced, the RMB exchange rate returned to the 6.5 era, the global epidemic rebounded, and the constant Ming Chemical Fiber’s annual output of 300,000 tons of FDY fiber is put into production…
Let us Let’s take a look at what’s new this week!
Typhoon “Fireworks” affects PTA market surge
Typhoon No. 6 “Fireworks” of 2021 was released on July 25. It landed in Putuo District, Zhoushan, Zhejiang Province around 1:30 p.m. As an important textile gathering place in my country, the Jiangsu and Zhejiang regions have brought together important textile production bases such as Shengze, Changshu, Haining, and Keqiao. They have gathered a large number of various production companies from chemical fiber raw materials to weaving, printing and dyeing, finishing, etc. This super typhoon has affected our textile production and trade to a certain extent.
At the same time, affected by the typhoon, the Yangtze River was closed to navigation, preventing the progress of goods entering the reservoir area. , exacerbating the tight spot situation of PTA. Triggered the recent rise in PTA prices.
The editor has something to say: As one of the important polyester raw materials, PTA has The rising trend has completely affected the price of textile raw materials, and the subsequent textile market may experience fluctuations as a result!
The RMB exchange rate returns to the 6.5 era
July On the 27th, the RMB exchange rate, which had been trading sideways for many days, fell sharply during the session, hitting a new low since April. As of the close on the afternoon of the 27th, the onshore RMB had fallen by more than 200 points during the day, with the lowest hitting 6.5133; the offshore RMB fell below the three levels of 6.49, 6.50, and 6.51 in a row, with the lowest hitting 6.5210. On July 28, the onshore RMB exchange rate against the US dollar opened. It fell nearly 50 points, approaching the 6.51 mark. At the same time, the offshore RMB fluctuated higher against the US dollar, rising above the 6.52 mark. As of 14:40 on July 29, the onshore and offshore RMB fell back to 6.4724 and 6.4756 against the US dollar respectively.
As we all know, RMB appreciation is beneficial to imports but not beneficial to exports. For our textile foreign trade export enterprises, changes in exchange rates are not just a matter of profit, but may often mean losses or profits. The RMB exchange rate against the U.S. dollar has continued to strengthen since April this year, and the RMB exchange rate rose sharply again after May Day. The exchange rate once rose to 6.35. Many textile foreign traders who took orders before and after the year did not settle the exchange in time and missed the opportunity. Faced with the appreciation of the RMB, they could only bear the losses with “tears”.
The editor has something to say: In the context of various price increases in textile foreign trade, The depreciation of the RMB is undoubtedly a timely help.
2021 Top 50 Global Chemicals Announced
On July 26, 2021, the US “Chemical and Engineering News” (C&EN) released 2021 Annual list of the top 50 chemical companies in the world. Seven Chinese chemical companies have entered the world’s top 50, one more than the previous year. It is worth noting that the rankings of Chinese companies are basically at the same level or rising, reflecting the booming development trend of China’s chemical industry. Except for Sinopec and Formosa Plastics, PetroChina ranked 13th, the same as last year; Hengli Petrochemical ranked 15th, a significant increase of 11 places; Syngenta, a subsidiary of Sinochem, ranked 26th; Wanhua Chemical ranked 29th . Rongsheng Petrochemical entered the top 50 for the first time this year, ranking 42nd.
The editor has something to say: Hengli, Rongsheng and other polyester leading brands are on the list , indicating that the industry is on the road to becoming stronger.
Hengming Chemical Fiber’s annual output of 300,000 tons of FDY fiber is put into production
The robotic arm flies up and down, sending rolls of chemical fiber up Assembly line; hundreds of meters of machinery are neatly arranged on both sides, and workers only need to operate buttons… The workshop exudes an atmosphere of intelligence. On July 27, the intelligent production line project of Shaoxing Keqiao Hengming Chemical Fiber Co., Ltd. located in Ma’an Street with an investment of 6.05 billion yuan and an annual output of 600,000 tons of functional fibers was officially put into operation. The project consists of an annual output of 300,000 tons of FDY fiber and an annual output of 300,000 tons of POY fiber. Among them, the annual output of 300,000 tons of FDY fiber was put into operation on the 27th. After the project is put into production, it will not only reduce labor for the company, but also further improve efficiency, improve product quality, and help the company pursue a differentiated development path. In the future, as the project is fully put into production and the annual production capacity of 800,000 tons has been put into operation in the early stage, the annual production capacity of the entire company will reach 1.4 million tons.
The editor has something to say: Increased production capacity, increased supply, and release of polyester factory capacity Give more room for imagination for the future textile market. <It is difficult for material prices to rise. At present, the environmental protection production restrictions in Shengze area have been gradually relaxed, and the operating rate in Shengze area has rebounded to about 75%. In addition, as the operating rate has rebounded, the overall gray fabric inventory has also begun to rise slightly to about 39 days.
Printing and dyeing:
The printing and dyeing market is active this week The level dropped slightly from last week. The quantity of gray cloth entering the warehouse decreased slightly, and the operating rate dropped to 68%. Most dyeing factories have an operating rate of around 70%, a few dyeing plants with a higher operating load have an operating rate of around 80-90%, and a few have an operating rate of less than 60%.
Since it is still the traditional textile season, the order situation of dyeing factories is similar to that of the previous period. The ratio has not changed much, the follow-up of new orders is slightly weak, and some workshop machines are not started up enough. Coupled with the impact of high temperatures, workers take more leave and lack of labor, resulting in a further reduction in the availability rate.
In terms of products, we still use elastic fabric, nylon silk, pongee, etc. Autumn and winter fabrics are the main ones, and other fabrics lack highlights. In terms of delivery time, some factories are still limiting production, and the overall delivery time is about 7 days.
Outlook
The storm of heavy rain in Zhengzhou this week Before it has completely passed, the typhoon “Fireworks” has swept across Jiangsu, Zhejiang and Shanghai. The impact of natural disasters on the textile market is still very large. Epidemics have come and gone again. Now the textile market is no longer only facing the pressure brought by rising raw material prices. The days ahead may be even sadder…
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