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[Textile raw materials all up the recent market will usher in an inflection point?]
Release date:[2022/11/18] Is reading[47]次

From the recent market trend, since the beginning of November, although the industrial chain has seen price recovery, but the overall profit has been shrinking. PX +22.33 to 986.33; PTA price +70, to 5655; Polyester filament price -25, to 6875. In terms of profit trend, PX spread +25.7 to 296.7; PTA profit -76.90 to -338.78; Polyester filament profit -97.25 to -486.71.

Admittedly, the improved macro expectations boosted the market. The reduction and suspension of PX internal and external installations and the delay of new capacity expansion led to a rise in market prices and a gradual recovery of PXN. The maintenance of PTA equipment increased, driving the improvement of supply and demand on a month-on-month basis, the stacking cost and the price of suppliers, and the market price was stronger than that of the same period.

From the perspective of industry cycle, polyester industry chain is in the time node of expansion to contraction. Domestic textile and garment data continued to decline this year, the industry has entered the active warehouse cycle; The overseas textile and clothing industry is in the phase of replenishment inventory, which is bound to affect the export demand of the textile industry, and the industry may usher in a big reshuffle.

Of course, this year, under the impact of the epidemic, the entire textile industry has maintained a low stock of raw materials. However, if the price rebounds in the future, this low stock of raw materials may become the source of raw material increase. At present, the dawn of the epidemic has appeared. Judging from the upward trend of the futures market of bulk textile raw materials in the recent stage, there is a certain space for imagination.


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