On the 5th local time, affected by the news that Saudi Arabia announced plans to voluntarily reduce production in February and March, international oil prices closed up nearly 5%.
International oil prices continued to rise significantly on the 6th. As of the close of the day, the price of light crude oil futures for February delivery on the New York Mercantile Exchange rose by US$0.70 to close at US$50.63 per barrel, an increase of 1.4%; London Brent crude oil futures for delivery in March rose $0.70 to close at $54.30 a barrel, an increase of 1.31%.
This is the first time that New York crude oil futures prices have closed above $50 a barrel since the end of February 2020.
Driven by the surge in international oil prices, PTA futures once again exceeded the 4,000-point mark.
Polyester filament yarn also continues to rise, continuing the upward trend that began at the end of November. Counting from the end of November Since then, the price of polyester filament has increased by as much as 1,000 yuan in the past month or so.
Under such an increase in raw materials, some cloth bosses said they were “too much to bear” and adjusted their quotations one after another.
In early December, the price of polyester-cotton stretch satin 75*32+40 gray fabric was 6.6 yuan/meter, and now the price exceeds 7 yuan/meter,
The price of Jindi wrinkled gray fabric has also increased from 2.5 yuan/meter to 3 yuan/meter.
The surge in raw materials before the Spring Festival has put great pressure on weaving companies that are preparing to stock up on the holiday. Unfortunately, as the end of the year is approaching, cloth bosses have encountered many “pitfalls”, and the surge in raw materials can only be considered one of them.
“City closure” will continue
Although countries around the world have gradually vaccinated against the new coronavirus, the spread of the virus is still slow It has not slowed down, but has intensified.
Worldometers real-time statistics show that as of 13:59 on January 7, Beijing time, the cumulative number of confirmed cases of COVID-19 worldwide has exceeded 87.64 million, and the cumulative number of deaths has exceeded 1.891 million.
Therefore, lockdowns and blockades in countries around the world continue.
England and Scotland announced on the 4th that they would implement “football ban” measures starting that night. This is the third large-scale “football lockdown” in England since the outbreak.
On January 5, Berlin time, German Chancellor Merkel announced after discussing with state governors that the currently implemented nationwide “city closure” measures would be extended to January 31. At the same time, Further strengthen the “city closure” efforts.
Japanese Prime Minister Yoshihide Suga said on the 5th that he would decide on the 7th whether to declare a state of emergency in Tokyo and the three surrounding prefectures.
The Mongolian government announced on the 4th that it would extend the state of nationwide alert in the capital Ulaanbaatar area until 6:00 on the 11th in response to the continued spread of the new crown epidemic.
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Such a blockade will inevitably affect the demand for textile fabrics. Therefore, before the Spring Festival in previous years, foreign orders were concentrated. However, the current textile market seems much cooler than in the past.
Exchange rate and freight
Of course, we must also see that driven by the positive effects of the new crown vaccine, the number of goods received at the end of the year There are many textile companies placing orders, but they may not necessarily make money after receiving orders.
At the beginning of the new year, the RMB exchange rate experienced a wave of appreciation. On January 5, the official website of the central bank disclosed the central parity rate of the RMB exchange rate. The central parity rate of the RMB against the US dollar was reported at 6.4760, returning to the 6.4 era after two and a half years.
As the domestic economic market continues to exert strength and the Federal Reserve’s economic stimulus plan continues to “release water” to the US dollar, the RMB The exchange rate will only get higher and higher in the future. Some authoritative organizations predict that the RMB exchange rate may exceed the 6 RMB to 1 US dollar mark in 2021.
In addition to the RMB exchange rate, the freight problem that previously caused headaches for cloth bosses has not only not been solved in the near future, but has become more severe, and the market predicts that freight rates will continue to rise from January to March. Momentum, increasingly higher freight costs may affect some overseas traders to delay receipt of goods.
This is the “darkness before dawn”
Although we encounter various problems at this stage, for textile enterprises, all this is like “darkness before dawn”, not only a challenge, but also an opportunity.
Recently, Dr. Zhang Wenhong, director of the Department of Infectious Diseases at Huashan Hospital Affiliated to Fudan University in Shanghai, made an important statement: the turning point of the epidemic will be in June and July this year, but there areAn important condition is that the vaccine can be vaccinated globally as planned.
It is precisely based on such optimistic estimates that the prices of raw materials, exchange rates, freight and other prices have continued to rise recently. In addition, rising raw material prices are not entirely a bad thing for textile companies. At present, weaving companies generally have a large inventory of gray fabrics. Only when raw materials rise, can the price of gray fabrics rise with the trend, and this inventory of cloth will become more valuable.
Therefore, for textile companies, although life is very difficult at this stage, as long as they can survive, there will be a better tomorrow. </p
