01
Crude oil rose sharply
Due to factors such as increased uncertainty in the supply of Iranian crude oil and the weakening of the U.S. dollar. , international oil prices rose significantly at the close of trading on the 21st. Since June, oil prices have continued to rise and have reached a two-year high. As of the 21st, New York oil prices have increased by 11.07% in June, and Brent oil prices have increased by 7.57%.
02
PTA follows the rise
With the sharp rise in oil prices, PTA prices have rebound. As of the close of trading on June 23, the main PTA contract 2109 has risen to 4984 yuan/ton, a single-day increase of 2.81%.
03
Spandex yarn is raised again
Recently, the trend of “price increase king” spandex has been strong, and prices have been rising. On June 22, the price of spandex 20D was increased by 5,000 yuan/ton; the price of 26D was increased by 3,000 yuan/ton; the D number of 35D and above was increased. 2,000 yuan/ton.
04
Spandex gray fabric Slight increase
Downstream gray fabric companies could not bear it any longer, and the prices of spandex gray fabrics were adjusted again, with most prices raised by 2-5 cents/meter. Although the price increase of gray fabrics this time is not large, as the price of spandex continues to rise, the price of spandex gray fabrics has also increased more than once.
Both the industrial chain has increased prices. Is a new round of price increases coming? How long can this wave of price increases last? These issues are what textile people are most concerned about after every price increase, so the editor will analyze these issues in detail.
01
The off-season is coming, the price of gray fabrics may fall
The downstream is positive The traditional off-season, this year’s off-season does not seem to be that light, but the entire market is still gradually declining, heading towards the off-season. Weaving mills and fabric manufacturers have fewer orders on hand, and the order quantity is also decreasing, and some companies even only have proofing. Once the off-season deepens and weaving manufacturers’ gray fabric inventories rise, manufacturers will soon be unable to bear it and start a new round of price cuts and sales. Therefore, the current price increase is likely to be just a flash in the pan. Even if the price of spandex is strong, the price of spandex gray fabric is still very likely to fall again, and the price of gray fabric of other raw materials is even more likely to fall. The person in charge of a company that specializes in elastic fabrics and gray fabrics said: “Although the price of elastic fabrics and gray fabrics has increased recently, I am not optimistic about it. What is currently on sale is autumn and winter models, and the actual sales are not that good. It can only be said that there is not much inventory. . The traditional off-season is coming soon, and the stocking quantity is also limited. Sales will definitely come down later, and the price will naturally come down.”
02
Weaving manufacturers engage in price wars to lower market prices
On the other hand, today’s market itself has shortcomings. Once the inventory of gray fabrics rises and the goods are not shipped smoothly, it will Some weaving manufacturers have begun to cut prices and sell goods, especially in the off-season, and some have even started a price war. No, the off-season has just begun, and many manufacturers are already selling off their goods, especially out-of-season gray fabrics like imitation silk. Most of them are selling off their goods. In July, the hotter the weather, the weaker the market will be, and more manufacturers will sell goods, and the overall market price will naturally come down.
03
Manufacturers sell cash, and gray fabrics have big discounts
For gray fabric manufacturers in Jiangsu and Zhejiang, Guangzhou, the two major domestic markets Wuhan and Wuhan are very important gray cloth distribution centers. The market conditions of these two major markets affect the sales of weaving enterprises in Jiangsu and Zhejiang. The recent sales in the Guangzhou and Wuhan markets have been good, but as always, the repayments are poor, and the repayment period often takes more than three months or even half a year. However, the gray fabric manufacturers want to sell in cash, so the prices cannot go up at all. Mr. Wang, who produces conventional gray fabrics, said: “The Wuhan market has poor repayments and a long repayment period. The factory wants to sell in cash. In order to get repayment early, the price will naturally be lowered. Therefore, the surface price has been raised, but the actual price cannot be sold at all. If you go up, the profit will be pitiful, so it would be good if you can break even.”
Editor’s note
From the current point of view, it is difficult to support this wave of price increases in upstream raw materials The price increase of downstream gray fabrics continues. Entering July, after the market conditions further weaken, the possibility of a correction in gray fabric prices is also very high. After the off-season is over and the peak season comes in the second half of the year, prices will rise again. Generally speaking, the price increases of crude oil, PTA, chemical fiber raw materials, etc. will have little impact on gray fabrics in the past month or so, and will have a greater impact on gray fabrics in September and October.
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