In the past month,PTA and polyester in the upstream of the polyester industrial chain have risen rapidly by more than 1,000 yuan,but the textile and printing and dyeing factories at the end of the industrial chain are not happy.The cost pressure and environmental pressure have made the looms and printing and dyeing factories suffer in August.
According to statistics,PTA rose by 1,250 yuan/ton in the past month,and polyester yarn POY rose by 1,400 yuan/ton.The atmosphere of speculation was strong.The polyester filament factory smoothly transferred the cost pressure and polyester yarn inventory to the terminal textile factory,but the textile factory could be described as“pressure mountain”.".It is reported that the price increase of grey cloth is limited and there is a lag in price increase.It is difficult for textile factories to pass the cost pressure of polyester yarn to end users in time.The orders of grey cloths are in a state of low profit or loss delivery.In the off-season of textiles,there was an unexpected market for soaring raw material prices.The profits of textile factories were squeezed.Textile factories did not dare to pick up new orders,and the enthusiasm for chasing the filament factories fell sharply.In some parts of Zhejiang,warp knitting machine enterprises plan to jointly suspend production to protest the rapid price increase of polyester irrationality.Textile factories need time to digest the recent increase in polyester filament.
But is it really useful?
Although the polyester polyester stocks in the capital market immediately reacted negatively in the early days of“discontinued riots”,it was only a moment.
In less than three days,the above-mentioned six major chemical fiber companies showed an upward trend except for the unlisted Shenghong Group,and the effect of“discontinuation of riots”was limited.
As of the close of the 9th,Tongkun shares rose 4.48%;Xinfengming rose 4.20%;Hengli shares rose 1.91%.
The main reason is that the warp knitting industry's consumption of polyester filament products is not large,which is not enough to cause a big impact on the chemical fiber industry.
It is reported that the largest demand for polyester filament yarn is filament weaving,knitting and other industries,and the demand for polyester filament yarn in the warp knitting industry is only about 10%to 12%.Even if the warp knitting industry is completely discontinued,the demand for polyester filament yarns is lost.What's more,the filament yarn weaving industry,which currently has the largest demand,is booming in production and sales.The discharge cycle of many raw materials has even reached more than 30 days,which makes the polyester polyester filament factory have enough bottom gas to stop the production of the warp knitting industry..
In addition,environmental protection pressures have increased.After three months of centralized remediation in Jiangsu Port Chemical Industry Park,some factories of dye giants such as Zhejiang Bauxite and Jihua have been fined and have not resumed production.The supply of dyes has decreased.It is expected that dye prices will continue in the later period.rise.The Lianyungang Municipal Government of Jiangsu Province has concentrated on renovating the chemical industry park in the city.It plans to complete the rectification plan at the end of August.It will start a one-year period in September 2018 and will implement a comprehensive rectification of chemical industry parks and chemical production enterprises in the park.Environmental protection enterprises go to small stays,dyes are in short supply,and the continued increase in dye prices will increase the cost of printing and dyeing factories.Printing and dyeing is a highly polluting industry.In early part of the Wujiang area in early August,the printing and dyeing factories stopped discharging due to excessive concentrations of antimony.The printing and dyeing capacity in Wujiang area accounted for about 6%of the country.At present,the environmental pressure of printing and dyeing factories in Wujiang area is only a microcosm of the national printing and dyeing industry.In 2018,the environmental protection inspection will promote the printing and dyeing factories that cannot be upgraded and upgraded,and the printing and dyeing factories that meet the environmental standards will face the sudden pressure of limited production.
At the same time,the trade war between China and the United States was escalated in early August.It is no exaggeration to say that China and the United States have already"smashed the table".There may be few short-term peace talks.Waiting for the two sides to continue the"you come and go"tax increase,the late US to China's textile clothing The tax increase is about to become a reality.Because Trump previously claimed to increase the tax increase including textiles and clothing products from 10%to 25%,once the tariffs take effect,it will cause a major pressure on China's textile and apparel products exports to the United States.In the future,China's textile and apparel products will be exported to the United States.Market share is likely to be seized by Southeast Asian countries.
The Sino-US trade war has escalated,domestic de-leverage,environmental pressure,and cost pressures have been concentrated.In the second half of 2018,the textile,printing and dyeing industry will continue to be reshuffled.