In April, Textile Raw Materials Fell And The Rebound In The Off-Season Was Unlikely.

April 30th Spin The index is 954 points, a 11.17% decrease from the 1074 highest point in the cycle, which is 2.58% higher than the 930 lowest point on 2012 07, 01. According to the business data price monitor of the online trading company, there are 6 kinds of textile products in the April 2014 commodity price fluctuation list. The top 3 products are polyester POY, polyester FDY and viscose staple fiber. There were 15 kinds of commodities with a decrease of 5%, accounting for 4.8% of the total number of commodities monitored. The top 3 products were lint, acrylonitrile and nylon FDY. In April 2014, the bulk of the textile industry increased by -1.05%.

Device startup load rises PTA overall weakness

According to price monitoring data, in April, the domestic PTA spot market rose first and then fell. At the end of the month, the price was 6370 yuan / ton, compared with 6445 yuan / ton at the beginning of the month, or about 1.18%. On the factory side, the producer price of the contract goods was issued to 6700 yuan / ton in April, the settlement price was 6600 yuan / ton, and the May PTA contract price was executed at 6600 yuan / ton.

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In April 2014, 123 installations, Hengli petrochemical and Far East petrochemical plant were restarted at the beginning of April. The 2 million 200 thousand tons of parking in Yisheng early in Hainan resumed in mid April, and the domestic PTA load increased from 67% to over 70%, and the supply pressure increased.

Import and export situation, China's PTA imports in March amounted to 100 thousand and 400 tons, an increase of 24 thousand and 400 tons compared to February, representing a decrease of 94 thousand and 400 tons compared with the same period last year. In the 1 quarter of this year, the cumulative import volume of PTA was 316 thousand and 800 tons, down 52% from the same period last year. In March, PTA export volume increased to 44 thousand and 800 tons, an increase of 28 thousand and 800 tons compared with February, and the cumulative export volume of PTA in the first quarter was 86 thousand tons.

The cost is mainly in March. Imported Compared with last month, the supply of goods decreased by 5000 tons, which was affected by import sources. The spot price of domestic PX stabilized and increased 0.57% this month.

Demand side ushered in the peak season. In April, the price of polyester market was higher than that in March. Polyester POY rose 3.07%, FDY month rose 2.75%, DTY month increased 0.85%, but the duration was not long, and the market situation weakened again at the end of the month. At present, the start-up load is around 80%. At the end of the month, pet DTY inventory is close to 41 days, and the polyester POY inventory is about 22 days. The polyester FDY stock is about 24 days, and the polyester staple stock is about 11 days. Enterprises are faced with a certain pressure of de stocking. The average loom start rate is around 79%, to 78% at the end of the month.

　 Policy led cotton prices in Cotton City hit nearly three years minimum

According to the price monitoring data of the business community, the price of domestic cotton market was 30000 yuan / ton in the early April 2011. Now the price in the market is 17500 yuan / ton, and the decline in three years is as high as 42%. This year, especially in April, cotton prices fell sharply, or nearly 10%.

Since April 1st, the reserve cotton sales policy has been readjusted. The bid price of standard cotton has been adjusted to 17250 yuan / ton from 18000 yuan / ton before March. Therefore, before the new cotton comes up in September, no matter whether Xinjiang or the mainland has new cotton spot in 2013, it can not form a price market reference. During this period, the market supply is mainly sold through the national cotton reserve, and it is estimated that the spot price of cotton will fluctuate around the 17250 yuan / ton of throwing and storing price.

Most downstream cotton spinning enterprises are mainly due to the lack of downstream orders, the market outlook is uncertain, and procurement is prudent. In addition, the capital of enterprises is generally tight, and the pressure of payment is relatively large. Therefore, with the purchase and purchase, they do not want to overcharge funds.

Textile exports rebounded below market expectations

Textiles in March clothing Total exports amounted to US $18 billion 638 million, an increase of 11.46% over the same period last year, an increase of 71.31% over the month. In the 1 quarter of this year, the total export volume of textiles and clothing totaled US $58 billion 135 million, an increase of 0.42% over the same period last year. However, the growth rate was reduced by 15.31 percentage points compared with the same period last year, due to external demand and domestic demand. Although exports have rebounded sharply, they are still lower than market expectations, reflecting the fact that China's export situation is still grim. At the same time, China's commodity supply and demand index, released by business data providers in April 2014, rose 0.10 to 0.5%, reflecting the expansion of the manufacturing economy last month, and the economy is still at the bottom.

Textile raw materials market is facing many problems, but the market trend is not optimistic.

PTA industry chain upstream PX high inventory and the three quarter of the new capacity of a large number of PTA cost support weakened. At the same time, the two quarter of the PTA ushered in the peak of the new capacity. As of now, the new equipment of 1 million 500 thousand tons of Xiang Lu Petrochemical has been officially produced. Recently, the PTA capacity plan of Yisheng Ningbo's 4 million 500 thousand tons has been put into operation. The new production capacity has brought great psychological pressure to the market.

For the cotton industry chain, the main channel for textile enterprises to purchase is still reserved cotton. At present, the price of the spot market is dominated by the throwing price, most of which is the serious problem of high inventory at home at present, which inhibits the increase of cotton prices. The domestic end of 12 million 805 thousand tons of inventory has far exceeded the annual consumption of cotton.

Whether it is the financial pressure of the textile enterprises themselves, or is it right? raw material The cautious attitude of the market, the overall lack of positive procurement, while the textile industry has gradually entered the off-season, the raw material market is unlikely to rebound in the near future.