In the past few days, the word “rising” has been flooded in the circle of friends. PTA has risen sharply, and the price of polyester yarn has been rising every day. It feels like a sudden spring breeze overnight. Some raw materials of certain specifications are even hard to buy because they are on sale. There is a vague illusion of returning to the peak textile season.
The global energy crisis continued to ferment during the National Day holiday. Natural gas surged. U.S. crude oil rose by more than 4 US dollars in total. The polyester industry chain was significantly boosted by costs. The three varieties collectively opened sharply higher at the beginning of the session. At the close, PTA and short fiber surged by more than 6%, rising to a new stage high.
The polyester end performed better than expected. During the National Day holiday, some spinning mills in Jiangsu and Zhejiang that had been suspended due to power cuts in the early stage resumed operations one after another, causing a significant increase in the price of polyester products during the holiday. The price increase for filament was around 50-200 yuan/ton, and the price increase for short fiber was 100 yuan/ton. -200 yuan/ton. With the price increase, production and sales have also improved. Terminal fabric factories have gradually accepted the fact that upstream prices have increased and have raised prices for finished products. It is understood that around the National Day, polyester filament has basically been rising for days, and some polyester factories have achieved 7 consecutive increases!
The continuous rise in raw materials for many days has made many textile bosses miserable. The prices of shipping, raw materials, and manpower have increased. Costs have also increased, but products cannot. It is already difficult, and now there is another “power limit and production shutdown”. Isn’t this costing everyone’s “life”. Faced with the continuous increase in polyester raw materials, downstream weaving companies could not sit still. On the 9th, the Taihu Lake Shade Cloth Home Textile Chamber of Commerce (including hundreds of shade cloth companies) issued a price increase notice:
According to the editor’s understanding, the recent price increases of various textile companies are generally around 0.5-1 yuan/meter, but there are also price increases of 1-1.5 yuan/meter. In the Taihu Lake Shade Cloth Home Textiles Chamber of Commerce, hundreds of companies have joined together to raise prices, and the room for price increases far exceeds that of other textile companies. However, in terms of the scale of the price increase, more than a hundred companies have raised the prices of gray fabrics at the same time, which also indicates that the gray fabric market has got out of the early price trough and has begun to bottom out. The continuous price increase of polyester yarn has caused downstream weaving companies to also loudly sing about the increase. After all, the increase in raw materials has forced them to shift costs downward. The editor saw many people in the circle of friends forwarding notices of price increases. It can be seen that Everyone is shouting.
For weaving companies, an urgent question that needs to be answered is – how long will this wave of raw material price increases last? However, there is no definite answer to this question. From the current point of view, with the normalization of dual control of energy consumption, long-term restrictions on industrial chain production will become a fact, and it is a certainty that polyester filament will usher in a new round of price increases.
The rising prices of raw materials have been rising one after another. In this case, will one price per week caused by dual energy consumption controls become the norm? The editor believes that since the price increase of raw materials cannot be stopped, during this special period, we should calmly discuss with customers and negotiate together in order to ensure reasonable profits. Whether the market can continue its booming trend at the end of the year is still unknown. </p
