“The market for Morgan silk has gone crazy recently. The price has soared to 6.8-6.9 yuan/meter without tax, and people have to queue up.” said a trader in Shengze area.
“Morgan silk has increased by nearly one yuan compared with a year ago. The supply of goods has been extremely tight recently. Almost every manufacturer has no stock and basically has to queue up.” A textile boss in Shengze area said.
What is Morgan silk?
Morgan silk is a spring and autumn fabric made of SPH raw materials. It is generally used in the production of windbreaker fabrics. A few years ago, the market price was less than 6 yuan/meter. Now due to hot sales, the price has risen to nearly 7 yuan/meter.
However, the hot sales of Morgan silk did not cause the price of SPH raw materials to skyrocket, it just required queuing.
The price of crude oil has skyrocketed recently. Although the market situation is not very good, the cost side has still increased. It is understood that the price of SPH raw materials was 10,000 yuan/ton a year ago, and the current price is 11,500 yuan/ton. The price increase is not very large. , but as crude oil prices continue to rise, I believe that whether Morgan silk is really selling well or is being speculated behind the scenes, the price of SPH raw materials will continue to rise in the future.
One is waiting in line, and the other is unattended.
They are both differentiated raw materials, among which CEY has not been as popular as SPH recently. “The largest amount of CEY is plain CEY. Due to the recent poor export, the price of gray fabric has dropped from 3.6 yuan/meter a year ago to 3.2 yuan/meter now. rice, but the price of raw materials has increased by 2,000 yuan/ton compared with the previous year.” said a textile boss in Shengze area.
Due to the increase in crude oil prices, the prices of almost all raw materials have increased. Even if the downstream gray fabrics are not easy to sell, it still cannot stop the price increase of raw materials.
Faced with the rise in CEY raw materials, the price of gray fabrics has not risen but has fallen. Weaving manufacturers and traders are also suffering. Originally, profits were not high due to low prices all year round, and now they are even losing money.
The Russia-Ukraine war has not stopped yet, crude oil prices will continue to rise, and raw material prices are inevitable. If gray fabric prices cannot keep up with the rising raw material prices, the days ahead for textile bosses will be even more bitter. The key still depends on whether the subsequent market can usher in the peak season.
Is “Jin San” here?
The first week of Jinsan has passed, and orders do not seem to arrive as promised. Most textile bosses still say: “The order situation is average, not even as good as this time last year.”
However, it has only been a week since Jin San, so we can’t make a final decision now. Generally speaking, we won’t be able to place a large number of orders until mid-March. According to the current situation, the market is actually still running, and many seasonal fabrics have already started to be placed. They are selling well one after another, such as the waffle, composite yarn four-way stretch mentioned earlier, and the hot-selling Morgan silk this time. They are all seasonal hot-selling fabrics. I believe that more spring and summer fabrics will appear before long. On the hot list.
According to the current market, orders may be placed one after another, rather than in a rush. The main reason is that most textile bosses have suffered from hoarding goods. Last year, some textile bosses hoarded a large amount of nylon silk spinning, resulting in nylon silk spinning last year. It has skyrocketed, but there is not much real demand. It is difficult to digest a lot of inventory in the later period. I believe that there are still many textile bosses who have a lot of nylon spinning inventory.
The price of crude oil has skyrocketed this year, and the price of raw materials will follow suit in the future. If you produce inventory during this period, it will undoubtedly “add congestion” to yourself. Therefore, the market this year is still relatively chaotic. Whether textile bosses are in production Both inventory and order taking should be handled with caution.
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