Introduction
The last promotion of polyester yarn has been finalized. Today, the price of polyester yarn from a major factory in Xiaoshan has been raised. The price of polyester yarn from a major major factory in Shengze has been partially raised. The price of polyester yarn from a major factory in Fujian Changle has been partially raised. ……
Although there is a promotion, judging from the quotation, the price of polyester yarn rose again yesterday50-100yuan/ Ton, the reason for the sudden rise in polyester prices is the surge in crude oil. The Ministry of Defense of Russia, a major oil-producing country, stated that NATO is preparing for a large-scale armed conflict with Russia. Affected by this, on WednesdayWTICrude oil2monthly futures quotation75.98yuan/Barrels, closed up 0.41USD/Barrels, Brent crude oil3Month futures quotation78.67USD/barrel, closed up span>0.45USD/ barrel, the international crude oil price increased overnight to 3%.
The most fundamental reason is that after the last promotion, the downstream was ready to move. The production and sales on that day reached 280%, breaking the usual sluggishness. The production and sales of some manufacturers It even reached 1000%,and this time the promotion methods are more savvy. Polyester factories are rising and falling, and it seems that there is a general increase, but in actual transactions, most of the sales adopt price reduction promotion measures. The discount range is 100–300 yuan/ Tons vary.
Conclusion
To sum up, support for polyester price increases on the cost side and supply side has basically been formed. Now there is just a lack of downstream response. But don’t forget that the raw material inventory of weaving companies is also at a low level now, and There is no shortage of companies that want to buy low-end New Year goods. Therefore, there is still room for polyester prices to rise before the year, but the range will not be too large. It is estimated to still be 50-100yuan/ tons, the probability of such an increase is not too small.
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Conclusion
To sum up, support for polyester price increases on the cost side and supply side has basically been formed. Now there is just a lack of downstream response. But don’t forget that the raw material inventory of weaving companies is also at a low level now, and There is no shortage of companies that want to buy low-end New Year goods. Therefore, there is still room for polyester prices to rise before the year, but the range will not be too large. It is estimated to still be 50-100yuan/ tons, the probability of such an increase is not too small.
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