language
Recommend News
The rising power of textile raw materials is insufficient, and the truth of the textile industry chain is investigated.
Release Date:
2019/04/25
Crude oil Goldman Sachs analysts said that to reverse the current trend of continued substantial increase in international crude oil inventories, non-OPEC oil-producing countries such as OPEC and Russia are expected to cut crude oil production by at least 1.3 million barrels per day before it is possible to restore global crude oil inventories to the five-year average. Abisheik, head of oil market research and strategy at JPMorgan Chase
Crude Oil
Goldman Sachs analysts said that to reverse the current trend of continued substantial increase in international crude oil inventories, non-OPEC oil-producing countries such as OPEC and Russia are expected to cut crude oil production by at least 1.3 million barrels per day before it is possible to restore global crude oil inventories to the five-year average. Abishek deshpande, head of oil market research and strategy at JPMorgan Chase, expects major oil-producing countries such as OPEC and Russia to cut production by 1.5 million to 1.7 million barrels, which will help tighten crude oil supply again and rebuild investor confidence.
According to relevant media reports, non-OPEC such as OPEC and Russia have not yet reached an agreement, and international crude oil prices will not fluctuate much in the near future. In March this year, the Shanghai crude oil futures market was launched to enhance the international status of the RMB and its role in regulating crude oil prices, especially to have a positive impact on the Asian crude oil market. In its current form, the ultimate goal has not yet been reached.
Production of PX and PTA
In December, a large number of PX devices in China restarted, according to statistics, roughly 3.2 million tons. Therefore, we see that PX processing profits are gradually compressed, from close to 2000 yuan/ton at the beginning of the month to 1400 yuan/ton.
In the long run, PX still faces the problem of capacity expansion. In the first quarter of 2019, Hengli Petrochemical's 4 million-ton PX plant will be put into trial operation and enter the operation stage. PX processing profits are expected to continue to decline significantly.
It is still difficult for polyester manufacturers to go to the warehouse.
From the research situation, the current polyester manufacturers profit is at a low level, basically close to the profit and loss line, but the overall operating rate is OK.
Large bottle chip manufacturers began to have some oil bottle factory orders, long supply orders have been gradually in place, the start load is at a high level. At the same time, most of the filament and staple fiber manufacturers are in a state of high-load operation. According to the investigation, some high-end filament products are in stock for less than a week, but the pressure of general material inventory is still obvious. Overall, polyester is in stock for 18 days, which is on the high side.
The profit of the bunkering machine has recovered from the loss of 300 yuan/ton in September to the profit of 400 yuan/ton, and the bunkering operation has returned to the normal level. However, the manufacturers generally expect that the downstream weaving orders are very general, and the purchases are mainly on demand, and the stock volume is in a very low state. Considering that the Spring Festival will come in February this year, there is a high probability that downstream manufacturers will have a holiday ahead of schedule. Under the current situation that the overall production and sales of polyester are less than 100, if the downstream bomb-adding factories continue to not stock up before the festival, how to remove this part of polyester stock during the shutdown of the Spring Festival bomb-adding weaving process is still a big problem. We also don't know whether polyester manufacturers will reduce production again.
Sino-US trade relations have eased to boost cotton prices, but not by much.
in stock aspects
4 CotlookA index 87.80 cents/pound, up 100 points.
On the 4th, the imported cotton price index FCS was 92.47 cents/pound, up 89 points. FCM grade 88.57 cents/pound, up 86 points; FCL grade 85.57 cents/pound, up 88 points.
4 ICE cotton overall fell. The settlement price of the 1812 contract was 78.77 cents/pound, down 14 points; the settlement price of the main 1903 contract was 79.81 cents/pound, down 14 points; the settlement price of the 1905 contract was 80.95 cents/pound, down 9 points; other contracts rose and fell.
March contract opened slightly lower, after the opening due to the lack of favorable support trading center of gravity downward, low point buying force, the market was supported higher, to the day's high of 80.38 cents, by profit-taking closing pressure trading center of gravity under pressure downward, after the close failed to reverse the downward trend, and finally slightly closed down.
The movement of orders in the polyester market
Changshu polyester market, from December 2 to 4, FDY, DTY most kinds of products rose 50-100 yuan/ton. Recently, polyester filament trading volume amplification, price rise state. DTY75D/72F, 120D/192F flat purchasing power is acceptable. At present, polyester raw materials shock upward adjustment state, is expected in the short term polyester filament market will have an upward trend.
The market in the downstream cloth market is turning weak, more or less there is a certain degree of caution. Recently Shengze and surrounding areas of water-jet weaving start-up rate slightly rebounded, recently polyester manufacturers polyester filament production and sales of fire, polyester filament inventory pressure reduced, and then upstream polyester raw material prices shock upward adjustment. Polyester filament market has a small pull trend. Recently, the bags and fabrics displayed in Shengze market are full of beautiful things, colorful and refreshing. The fabric of bags is in demand.
Some enterprises in the printing and dyeing industry have not received too many orders.
Recently, the printing and dyeing industry's green industrial upgrading, new technology research and development, printing and dyeing industrial parks and other energy-saving and less polluting news have continued to enhance the confidence of the printing and dyeing industry. It is a big challenge for small and medium-sized enterprises. This year, the textile industry has not seen in previous years. In the later period, some printing and dyeing enterprises will be eliminated, making orders concentrated in the hands of some enterprises. After the Spring Festival, the printing and dyeing industry will have obvious production concentration.
Development Trend of Textile Industry
All kinds of industrial parks emerge in endlessly, and the trend of centralized management has become clear, especially in industries with large pollution. Scale intensification brings some opportunities and challenges. Small and medium-sized enterprises are faced with problems such as technology upgrading and price competition, and will experience the cost of technology, pollution prevention and control in the future development path.
In the future, the textile and garment industry will present two major trends: leading companies will transfer low value-added links to Southeast Asia through technical management output, and domestic leaders will focus on high value-added links and upgrade to strong research and development and lean management. As the domestic low-cost manufacturing dividend has disappeared, it is imperative to transfer low-end production capacity to Southeast Asia with lower manufacturing costs, preferential tax rates and a friendly trade environment. But at the same time, after years of experience and precipitation, domestic leading companies still have strong competitive strength in leading product research and development, perfect industrial chain supporting, lean management mode, rapid supply chain response speed, high personnel quality and so on. it is the key to continuous innovation in the future.
In short, the core of the valuation improvement of the manufacturing industry lies in the improvement of profitability brought about by the continuous upgrading of product structure under technological innovation, as well as the embodiment of the cost advantage of scale brought about by the optimization of production capacity ratio at home and abroad, so as to realize the double improvement of performance and valuation.
Key Words
Shandong Codlove Blanket Co.,ltd
Shandong Cheng Qian Home Textile Co., Ltd
International trade department telephone:
+86-539-3105192 +86-539-3105196
Address:
137 Torch Road, High-tech Development Zone, Linyi City, Shandong Province
This website supports IPV6 access. The trademark and picture rights belong to Linyi Gaode Blanket Co., Ltd. Please do not copy and reprint without authorization.