Ultrahigh Molecular Polyethylene Sewing Thread

Product Name:

polyester embroidery thread

Characteristics:

Polyester embroidery thread is made of polyester filament. The thread is of good glossy effect, low friction, uniform twist, low breakage and low chromatic aberration.

Product types: 108D/2, 120D/2, 150D/2, 150D/3.

Since Saudi Arabia fought a price war with Russia, international crude oil has been in a plummeting state, constantly breaking through the reserve price. Some market people joked that "the floor is almost leaking."

The collapse of crude oil, like "Affordable Adou", the market will focus on whether it will fall below $ 30 / barrel, $ 20 / barrel ...

Crude oil drops below $ 20

Sure enough, it "lives up to expectations." On the 30th, the international crude oil price fell sharply again. The US WTI crude oil futures price fell more than 7% during the session, falling below the $ 20 / barrel mark, and the lowest reported at $ 19.92 / barrel. To under $ 20 per barrel. In addition, the price of Brent crude oil fell over 4% at one time, with the lowest reported at 26.56 US dollars / barrel.

PTA, ethylene glycol limit

Affected by the bearish factors of another plunge in crude oil, the futures market continued to fall.

On the 30th, the PTA futures hit a daily limit. The main 2005 contract closed at 3,132 yuan / ton, compared with the previous trading day, it fell sharply by 186 yuan / ton, a drop of 5.61%.

Of course, in addition to the impact of crude oil, the weak fundamentals of PTA and ethylene glycol also inhibited the trend of the market. Especially in terms of inventory, it has become one of the "trailers". At present, the PTA social inventory is near 2.34 million tons, and the ethylene glycol East China main port inventory is near 1.14 million tons, which are already in a cumulative inventory cycle.

PTA kept to the 3000-point mark, ethylene glycol "missed"!

The decline in polyester filament has expanded!

In the polyester industry chain, the rise and fall of PTA and ethylene glycol market, the most significant of which is the downstream polyester market, of which polyester filament manufacturers bear the brunt. Especially in the past month or so, the number of PTA and ethylene glycol daily stoppages has become commonplace, which has caused the downstream polyester filaments to fall and fall continuously, continuously bottoming.

But downstream weaving is ready for vacation

As the downstream of PTA and ethylene glycol, the polyester market has been relatively stable since this year. It is currently concentrated at about 84%. There is no significant difference compared with the same period of previous years. For the PTA market, it is very good. Lift vibration force. But the downstream weaving market is not doing much.

Affected by the outbreak of the new crown epidemic at home and abroad, the weaving market has been scarred. In particular, the foreign epidemic that everyone is concerned about has spread uncontrollably, causing global panic to intensify and demand to shrink severely. The textile industry is also deeply affected. Many foreign trade orders have been cancelled, delayed, price reductions have occurred frequently, and profit margins have shrunk significantly. Many foreign trade companies have almost closed their orders, and some foreign trade companies have "taken their own holidays".

In terms of domestic trade, it is not satisfactory. Many companies indicate that they will receive very few orders after the year, but weaving inventory is rising steadily. According to the sample companies counted by China Silk Capital Network, the current inventory of weaving fabrics of weaving enterprises in Jiangsu and Zhejiang has risen to around 40-41 days.

With shrinking orders and increasing inventory, many weaving companies have decided to implement holidays and reduce production during the peak season of the "golden three silver four". It is reported that a well-known enterprise will be on holiday from April 1st; the owner of Yibu said that the production capacity has recently been reduced to 1/3; at the same time, an enterprise with 300 loom also said that some machines will be shut down in the middle of next month. ....

The weaving market entered the off-season ahead of time. Naturally, the demand for raw materials has been reduced from the demand side. For PTA and ethylene glycol, the decline in the downstream weaving market is the biggest constraint.

During the peak season, whether the polyester market or the weaving market is full of green, the biggest reason is still the continuous fermentation of the epidemic. At present, the United States has the largest number of confirmed cases in the world. Trump said that new crown pneumonia may cause 100,000 to 200,000 deaths in the United States, and the U.S. fatality rate may peak in the next two weeks.

The US economy has always affected the nerves of the global financial and futures markets, especially crude oil, which has been greatly affected by the news. The rise and fall of crude oil directly affect the trend of PTA and ethylene glycol. Ethylene glycol has fallen below 3,000 points, and in view of the current epidemic situation and economic situation, it is very difficult for PTA to maintain the 3,000-point mark.

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