Analysis of the Operation of Textile Materials in the Domestic Market in the Second Week of August - 3

For chemical fiber raw materials, this week, due to long-term production profits, PTA plant operating rate continued to remain high, and the oversupply in the spot market became more apparent. Although the profits of PTA manufacturers have fallen since the end of June, they are still as high as 1,173 yuan/ton, and the high returns have resulted in a high operating rate of PTA production facilities and a large backlog of social stocks. This adds another shade to the already-existing spot market. The highly profitable, high-stock spot market has become the biggest obstacle to the upward movement of PTA prices.

On the downstream side, this week, due to high temperatures, the power curtailment measures in both Jiangsu and Zhejiang have been increasingly strengthened. The operating rate of weaving companies in the two places has been greatly restricted, and the impact on the local polyester filament market has become increasingly apparent. Polyester FDY, DTY, POY The inventory index began to gradually rise. At present, the operating rate of looms in Shengze region has decreased, and the operating rate has dropped from 70% in the previous period to 65%. The overall operating rate of the downstream circular knitting and weaving enterprises in Shaoxing has continued to maintain a relatively low level of 50%; Haining and other places The operating rates of the knitting machines were basically maintained at full capacity, and the orders business had been weakened compared with the previous period. Some warp knitting companies reported that orders for leather fabrics in the lower reaches of Wenzhou had weakened after entering September. Recently, the polyester POY market is not very satisfactory. The company's production and sales conditions are not good. The market has a weaker sentiment. The DTY market trading atmosphere is also a lot lighter. The impact of restricted electricity policies, Shengze and the surrounding areas, the rate of operating enterprises markedly decreased. Due to the weak purchasing situation in the downstream market, the focus of market transactions fell significantly. From the current analysis of the overall trend of the market, it is expected that there will be a slight decline in the prices of polyester filament in the downstream market.

Recently, the price index of Shengze silk products has declined. The reasons can be summarized as follows:

1. India’s share in China’s silk export market has declined significantly. India remains the largest market for China’s silk goods exports, but its market share has fallen by a large margin, and exports and exports accounted for the largest share. From the previous year's 47.63% and 49.46% to 39.88% and 45.06%.

2. The recent domestic consumer market for textiles and garments has suffered from sluggish growth due to the impact of macroeconomic cooling, the risk of declining demand is increasing, domestic economic demand is showing signs of fatigue, and the external export environment is uncertain. As silk products continue to rise, they are unable to find any stamina. It is more likely that late silk will be concussed to consolidate around 300,000.

Based on a comprehensive analysis, when the consumption environment at home and abroad is not very booming, the price of tussah silk is no longer higher. This year, the transcripts are generally around 270,000 or even lower. Now, the silk reeling factory has completely relieved the pressure from the upside down. The support for the continued increase in the price of tussah silk has obviously been insufficient. Whether it is good or bad, the higher the price, the greater the risk, and the time it takes for Qiushi to be listed. It is a wise move to prepare for risks.