If you want to do cloth business now, you must not only pay attention to the price of cloth, but also pay attention to the upstream raw materials. PTAPrice changes directly affect the price of polyester yarn, thereby affecting the cost of gray fabrics. Therefore, every fluctuation will attract the attention of many textile people, and this week’s PTA changes are more typical.
Last Friday ( 6month24), PTAThe price plummeted and was close to the limit. At the weekend, international oil prices began to rebound, and on MondayPTA began to rise sharply again. After rising for two days in a row, the magical PTA fell sharply again.
As of7 month1day15 closing time, PTAFutures closing quotation6286 points, down 206 points, the decline was 3.17%.
TA rose, TA fell again, jumping sideways repeatedly, it felt like Fang Tangjing, it was What causes it?
Crude oil
The recent crude oil market can be said to be ups and downs, with various international games hidden behind it, which makes the editor who likes to eat melons very satisfied. First, the Federal Reserve raised interest rates, and crude oil prices plummeted. Then, the G7 held a meeting, saying that they would increase sanctions on Russia. By the way, they also asked Lithuania to take action, and crude oil rebounded. Then, U.S. crude oil inventories increased again. , crude oil fell again.
Crude oil is the raw material ofPTA. The fluctuation of crude oil is so violent that it will naturally lead to changes in the price of PTA.
Financial aspect
The actual6monthPTA price has obvious polarization,6In the first ten days of SeptemberPTA prices have been rising, with prices rising by nearly a thousand yuan, and from 6 Starting from the middle of the month, the price of PTA began to fall all the way, falling back to the price at the beginning of 6. It can be said that “Return to before liberation overnight“.
PTAThe spot price is greatly affected byPTA futures, while the price of PTA futures is greatly affected by The financial situation has a great impact, and the turning point of PTA’s decline coincides with the time when the Federal Reserve raises interest rates. After inflation, a large amount of funds entered commodities. However, after interest rates were raised, funds were not optimistic about the continued rise of crude oil and began to flee, which triggered the rise and fall of PTA prices.
Downstream demand
Affected by a series of factors such as the epidemic, the international economic situation, and competition from Vietnam, textile companies are generally not having an easy time this year. The sales volume of terminal gray fabric determines the sales volume of polyester filament, while the sales volume of polyester yarn determines the demand for PTA.
The current situation is that the demand from weaving enterprises has decreased, and the operating rate of looms has been continuously reduced. Polyester factories have recently cleared some of their inventories due to the increase in crude oil prices, but they are not optimistic about the market outlook and are brewing. Next, we will increase the scale of production shutdown and maintenance. Demand has shrunk, and the market has naturally become bearish on the price of PTA.
The confused textile man
PTAThe price has jumped repeatedly, which makes textile people feel a little confused. The market was not good to begin with, and every penny in hand was lost.��Be careful with your budget, especially now that downstream demand is not high and everyone is desperate“Involution“ , the profits of the orders received are very thin. If the price of raw materials moves slightly, the profit may change from 10 cents to 3 cents, or from 3 span>3 gross becomes 1 gross, which affects the profit several times.
The recent rise and fall in raw material prices has left textile people feeling a bit confused. There was a big sale on polyester yarn last week, but many cloth bosses were unmoved. As a result, the price of polyester yarn increased this week. Raw material prices have soared, and polyester production and sales are looking much better, indicating that many textile companies have purchased goods. However, PTA has fallen so sharply recently, and polyester prices may fall in the future.
It is already difficult to do business in this market, and having to deal with raw materials is really exhausting.
Many textile people simply “Lie flat“. Anyway, they can’t predict the price, so they just buy according to the fixed time. Forget it, it is still a way to accept the profits and losses.
Postscript
In the future, raw material prices may continue to fluctuate up and down, and these days of repeated sideways jumps are expected to continue for some time.
Textile people are more concerned about the recent epidemic. However, based on the previous experience in Shanghai, I believe that this epidemic should be extinguished in time. It may affect some delivery dates, but it will not be like April and May. That had such a big impact. But to be on the safe side, it’s not wrong to wait and see for a while.
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