Yesterday, PTA staged a “diaosi counterattack”. PTA, which had an increase of less than 1% this week, hit the daily limit yesterday. Although it fell back later, polyester factories took notice of the trend and another wave of price increases “came head-on”!
▼The polyester factory made up for the increase yesterday afternoon
(Information spread online, corrections welcome)
Such a violent rise in the market has really overwhelmed the downstream weaving industry. Many friends left messages in the background of the official account, saying that “business is difficult, it is better to celebrate the New Year early.” In this regard, the editor also deeply feels that “it is not easy to be a textile boss.”
but! ! ! The good news is not over yet. Then there is the news that “polyester factories are “relaxing” and reducing production during the Spring Festival. The good news comes so frequently that the editor really can’t find a reason to stop the price increase! ! !
Polyester factory: Why don’t I increase the price during the Spring Festival or maintenance?
In the past few days, while weaving bosses have received daily price increase notices from chemical fiber factories, they have also been informed by some polyester factories of their plans to reduce and suspend production during the Spring Festival. A polyester factory stated that in order to respond to the country’s call for supply-side reform, under the active guidance of industry associations, all polyester factories are required to conduct orderly production reductions or maintenance during the spring. After discussion and research, it was decided: from January 2017 It will begin to gradually reduce production on February 10th. By February 15th, 16 lines will be shut down, accounting for 50% of the total production capacity. By February 15th, production capacity will be gradually restored. Please make preparations for all customers in advance.
The editor understood it, and generally speaking, it is just eight words: “The benefits will continue, so prepare as early as possible”!
Polyester factory: downstream stocking is active, why don’t I increase the price?
Recently, it is unreasonable to say that the production and sales of polyester factories have not exceeded 100%. The average production and sales are basically above 100% every day, and even around 200% for several consecutive days. It can be seen that although the growth of polyester filament is amazing, the recent downstream weaving stocking Enthusiasm remains high. With such high production and sales, how could polyester factories not increase prices?
Polyester factory: The inventory is basically “zero”, why don’t I increase the price?
Everyone knows that polyester factories often lower prices. On the one hand, they are limited by the situation of upstream raw materials, and another important aspect is the high inventory. Recently, polyester factories have not had any troubles in this regard. The continuous “tide of price increases” has long emptied the inventory. Some business friends even said: “With such low inventory, if one ton of goods is not sold a week, the polyester factory will also be out of stock.” I won’t be in a hurry!” With such confidence, why don’t polyester factories raise prices?
Polyester factory: Upstream materials have skyrocketed, why don’t I increase the price?
First of all, let’s take a look at the recent trends of crude oil and MEG. Both can be described as strong! ! ! The PTA, which was weak in the early stage, also joined the “price increase army” yesterday. Upstream raw materials are booming, so how can downstream polyester not rise?
▼Ethylene glycol 1702 K-line chart-daily line
▼Brent 02 K-line chart-daily line
▼PTA1705 K-line chart-daily line
Polyester factory: RMB depreciation, exports improved in November, why don’t I increase the price?
The recovery in external demand, exchange rate adjustment and low base support the improvement in exports. In November, driven by textiles, the overall export of textiles and clothing rebounded and resumed growth. According to data released by the General Administration of Customs, in RMB terms, exports for the month were 145.35 billion yuan, an increase of 4.1%, of which textile exports were 60.7 billion yuan, an increase of 10.2%, and clothing exports were 84.65 billion yuan, an increase of 0.08%.
2016 monthly import and export data (January-November)
The editor talks: Various benefits are constantly being promoted, how can polyester filament stop? Since the second half of the year, the price increase of polyester filament has reached a “crazy state”. The editor needs to calm down… I just want to say, “The market will not stop, so you need to prepare stocks early!”
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