Double Eleven, the “war” in the raw material market is still vivid in our minds! This Double Twelve, the chemical fiber market once again has a “domineering impact”! All morning, my circle of friends was flooded with another wave of price increases!
International oil prices surged 5% at the opening! MEG electronic trading opened at the daily limit! PTA rose 3.8% at the opening!
Naturally, there is no need to worry about polyester filament. Not only has the market continued to rise by leaps and bounds, but the price has continued to rise in the past week, with an average daily increase of 100-200 yuan/ton!
But this is not the point. The key is that some polyester manufacturers still closed their orders in the afternoon! Close the deal! Close the deal!
International oil prices surged nearly 5% at the opening!
OPEC and non-OPEC oil-producing countries reached a historic agreement, and oil prices soared nearly 5% at the opening. International crude oil prices surged more than 5% at the beginning of the Asian session on Monday (December 12). Brent crude oil rose above the US$57 mark, and U.S. crude oil (WTI) also exceeded US$54. Japan) The Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC countries reached an agreement for the first time since 2001 to coordinate production cuts to alleviate global supply glut. The oil market is doing well after the production reduction agreement was reached. Is oil price expected to return to its peak?
MEG hit the daily limit at the opening, and the fire is getting stronger and stronger!
Stimulated by active capital in the commodity market and tight supply, MEG prices have risen wildly in recent times, hitting new highs repeatedly during the year. On the 12th, the ethylene glycol electronic trading opened at the daily limit, and the spot price rose accordingly. The trading atmosphere on the market was active. The current spot market price has risen sharply to around 7,500 yuan/ton. With the strong guarantee of good fundamentals and the assistance of news, it is expected that the price of ethylene glycol may still rise further in the future.
PTA finally straightened up and “raised prices”!
On December 9, PTA, which had been in a volatile consolidation pattern in the early stage, also changed its decline with the help of bulls and turned into a “little bull”, leading the domestic bulk commodities in the increase list. The main 1705 contract of Zhengzhou Commercial Exchange PTA futures closed at 5,380 yuan/ton that day, a sharp increase of 146 yuan/ton, or 2.79%; on the 12th, under the favorable stimulus, the main 1705 contract rose sharply at the opening, and at midday It closed up nearly 3.8%. Under the guidance of futures, spot prices have also risen, with PTA’s internal price rising to 5,150 yuan/ton.
The textile boss is buying raw materials with tears in his eyes!
The voice of all weaving manufacturers: The price increase of polyester filament every day is really tiring! Although we complain every day, always looking forward to falling prices and falling out of profit margins, we still have to queue up to buy goods every day. Chemical fiber factories also need to understand the difficulties faced by our textile manufacturers. Downstream customer orders are being placed, and early orders need to be completed. In order to maintain future business and retain workers, they have to accept them; but the Chinese New Year is approaching, it is difficult to collect payment, and money is not loose. There is also a rush to buy raw materials for production. It’s true that all the work of a year has been poured out in these ten days!
It is said that the salesmen of the chemical fiber factory are selling raw materials through gritted teeth!
The voice of all chemical fiber factory salesmen: Weaving factory bosses, if you can still get the goods with just one phone call, or schedule the goods to arrive, on the one hand, it is because your usual “performance” is not bad, and on the other hand, it is because of the business The staff is really working hard to help you fight for it. Nowadays, chemical fiber factories are very powerful. It doesn’t matter what you want. So, please be kind to the chemical fiber salesmen who are working hard to help you arrange goods, because to be honest, it is not easy for them. Nowadays, chemical fiber factories are out of stock. Who doesn’t want to sell more? You can make more money with more goods, but the fact is that there really aren’t that many goods to sell.
Hey, think about it, it’s not easy for either a weaving manufacturer or a chemical fiber salesperson! But I still have to ask, chemical fiber factory, how long do you want this market situation to last? In this “rising” boom in the chemical fiber market, weaving manufacturers, do you still dare to continue to buy?
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