Vigilance: The Textile Market Has Entered The "Order Shortage" And "Capital Shortage".

In recent years, the changing situation in the US and Iraq has always been the focus of attention of the market. On the 22 day, President Trump announced on twitter that he had ordered the US Navy to destroy all the "Iran boats" that harassed the US ships.

Crude oil seems to "listen" to Trump's call. On the evening of 23, WTI crude oil futures rose more than 30% during the day. At the close, WTI crude oil futures contract closed up 2.72 U.S. dollars in June, or 19.74%, at 16.50 U.S. dollars / barrel. The two two days of trading have rebounded more than 40%.

The stimulation of the strong oil market has stimulated the polyester market. On the 23 day, the futures market of PTA and glycol slowed down and the price of raw polyester filament also increased. As of 24 days, polyester filament FDY product price in 5280 yuan / ton, POY product price in 4720 yuan / ton, DTY product price in 6600 yuan / ton.

　　 The rise of the crude oil market and the limit of polyester raw materials are a great stimulus for polyester filament recently. However, the price increase of polyester filament is not large. It can be said that most manufacturers' quotations are still stable.

At the same time, the production and sale of polyester is basically a "one day tour" market. On the 23 day, geopolitical tension stimulated the price of crude oil to rise, which led to the production and sale of polyester. But on the 24 day, polyester production and sales again dropped to 5-7.

　　 Whether it is PTA, ethylene glycol or polyester filament, the price is almost touching the bottom, and there is no more room for downfall. Although many enterprises just need to purchase some time during the Qingming period, they are gradually being consumed. There are not many raw materials left, but weaving enterprises still do not pay, resulting in production and sales remained at around 4.

The weaving industry has ushered in "order shortage", and the international shipping industry has suffered heavy losses.

The main reason why production and sales are sluggish is that the order of weaving enterprises has not been done yet. There is no need to talk about foreign trade. Most foreign trade enterprises have entered the "vacation" state. Epidemics of major textile exporting countries such as the United States, Italy, Spain, Germany and France are still spreading. This year, the export of foreign trade is faced with a critical juncture.

Foreign trade has been impeded, so that every aspect of shipping industry has been severely hit by Domino dominoes this year. Recently, the international container shipping industry released the latest data of shipping this year: during the peak season, the number of shipping companies increased by more than 400%, the throughput of containers dropped by 10%, the carrier profit decreased by 6 billion US dollars, and the loss of shipping companies reached US $23 billion.

Domestic trade is also sluggish. After the completion of orders last year, it will be difficult to receive new orders. The domestic market is homogenized and competitive. Now the epidemic has made demand scarce, the cake has shrunk, and so many people have robbed.

Inventories hit a three year high and the boot rate dropped.

Shortage of orders, naturally led to the accumulation of gray cloth inventory. According to a sample of enterprises monitored by China's silk net, the inventory of grey fabric in Shengze has risen to near 43-44 days, exceeding the highest inventory level last year.

　　 The rising inventory has made weaving factories start to run down, and this week, the market opening rate has dropped to about 67%, lower than that of the same period last year. At present, it is close to May Day holiday, but the market is still not improving. In addition to 190T spring Asian spinning, 210T polyester taffeta, spring Asian spinning conductive fabric, etc., the protective clothing can be improved, and the rest of the products are still difficult to get out of one meter. Therefore, many weaving enterprises have plans to leave long holidays and continue to start construction. The operating rate of weaving enterprises has been declining, and the demand for polyester is naturally difficult to improve.

　　 Insufficient funds and long cycle of return

Another important reason for not buying polyester is that there is no money. Financial pressure is a problem facing every aspect of the textile industry this year. For enterprises starting in the Midwest and buying factories to buy Machinery in 2017 and 2018, this year is even more difficult. It is reported that most enterprises do not have enough looms in the field after the Spring Festival, and the workers are hard to recruit. Once the boss said that the workers were hard to recruit, they needed the boss to send BMW to work.

When the market came back, the market was good, but the looms were not full, let alone the bad market. Local factories need to be fed, local factories need to be fed, orders to follow up, inventories are accumulating and funds pressure is obvious.

At the same time, the return period is basically over 3 months, and basically 1-3 months ago. The epidemic is still spreading, and foreign factories are basically in a state of stagnation. When to return to work is unknown. Foreign customers are facing a more severe form than domestic. It is still very difficult for the goods to be sent out before it wants to get all the money back.

For today's textile market, it is not only the two mountains of supply and demand. Capital, inventory and capacity are all a headache. So no matter whether or not polyester is rising or falling, there is no concern about it. Anyway, there is no list, except for the need to make up a little. Only when foreign epidemic situation can be effectively controlled, can the market be loosened if demand is better.