Textile Industry Chain Under The Epidemic Situation: Polyester Products Decline Is Difficult To Stop Chemical Fiber Raw Materials Continue To Slump

A public health event in 2020, the new crown pneumonia epidemic has affected the lives of too many people. The US Treasury bonds are showing interest rate upside down, the global manufacturing industry has been declining, and the yields of multinational bonds have been refreshing. These phenomena have been staged in the world today, and the global economic crisis has emerged, and the textile industry has also been affected. From crude oil to polyester products PTA to polyester filament, then to downstream weaving enterprises, and even after dyeing and finishing, the whole industrial chain has been in a low ebb.

Polyester products are hard to stop

Since the end of the OPEC+ oil production conference in April 9th, the price of international crude oil has been dropping. On Tuesday, oil prices plummeted, and crude oil fell below the $20 mark for the lowest closing price in two weeks.

With the volatility of the crude oil market, the price of polyester products is declining and almost bottoming out. The price of PTA is currently around 3300 yuan / ton, down 860 yuan / ton compared with the end of March, and the price of ethylene glycol is currently around 3360 yuan / ton, down 940 yuan / ton compared with the end of March.

Chemical fiber materials continue to slump

Polyester and polyester are all glory and honor. Polyester filament is also doomed, the price is almost the lowest water in nearly 10 years. FDY 150D reported 5600 yuan / ton, down 1400 yuan / ton compared with the end of March; POY 150D reported about 4975 yuan / ton, down 1525 yuan / ton compared with the end of March; DTY 150D reported 6850 yuan / ton, down 1600 yuan / ton compared with the end of March. In terms of production and marketing, polyester filament has been in a downturn for a long time, only 2-4 percent. Weaving enterprises are more cautious and wait for buyers.

The weaving market has been started down one after another.

Most enterprises are extremely helpless for the current weaving Market. The grey fabric business of production market is scarce, and it is mostly a small list of thousands of meters. The orders for the production enterprises are sparse, and most enterprises only have enough orders for 10-15 days. Especially in the foreign trade market, most enterprises have almost stopped. A company that produces nylon four side bombs reflects that the current starting rate of the air jet looms is only 50%, with fewer orders and no inventory.

When Xiaobian visited the printing and dyeing mill, he saw the phenomenon of the accumulation of grey cloth in the factory. Entering the workshop, the dye vat and empty workshop were stopped. According to the explanation of the dyeing factory operator, most of the grey cloth accumulated in the factory was put into storage in the early March, and in the middle of March, the notice of cancellation was cancelled. In fact, very few people entered the warehouse recently, and the workers took turns to rest. The machine could run at most 6.

A textile boss told the story: "at the end of last year, according to the usual practice plus low price, many materials were hoarding. The epidemic was so sudden that after the beginning of the year, polyester fell to the ground, and it lost 5 million of its raw materials. Now the price is lower, even if want to buy again, also did not have the fund, plus the market downturn, made the capital chain very nervous, really regretted the original! " The experience of the textile boss is a bloody lesson. We need to be cautious when we copy the bottom.

However, the textile market will eventually dissipate at the end of the epidemic, economic recovery, business resumption and clothing demand recovery, and the textile market can still be expected.