"Gold nine" to, the demand "put", the textile market season can continue

This week, the market officially entered the "gold nine" peak season, the market atmosphere is obviously boosted by the peak season with vitality, this year has been tepid foreign trade market has also improved significantly.

The weaver expects optimism

The person in charge of a main European and American foreign trade enterprise said that the orders on hand have covered the whole second half of the year, and customers have been asking about spring and summer fabrics.

Another main peach wool spot foreign trade company boss said: "Now the market orders have risen, the order increment in the European and American markets is obvious."

Another export of women's fashion fabrics said that this year's orders in Europe and the United States are still unsatisfactory, and most customers are still watching and did not receive a real order.

Coincidentally, another textile company boss also said that the current order is not too optimistic, but it may be strong in the later stage. Because of this, in fact, the textile market has a limited increase in the probability of weaving, and the opening probability of Jiangsu and Zhejiang areas is 72.2% this week, which is only 1.7% higher than last week.

According to the current statistics, the grey cloth inventory in Jiangsu and Zhejiang areas is 35.6 days, and the grey cloth inventory at the beginning of this year is about 35 days, which means that the inventory of the cloth sold for most of the year has maintained the same level in the market.

However, even if the gold market has not shown a strong vitality, but as the peak season in September is indeed a little early, Double eleven, Christmas and other important nodes have not yet arrived, the current textile people are still very optimistic about the market situation.

Raw materials, grey cloth price increase

As of August 28, the average monthly PTA processing fee in August was 185 yuan/ton, which was -34% month-on-month and -69% year-on-year. In the past 10 years, the average monthly PTA processing fee has approached 200 yuan/ton several times, and in August 2023, the average monthly PTA processing fee fell below 200 yuan/ton for the first time.

Low processing fee is a disguised form of strong cost support, and the direct impact of strong cost support is that the absolute price of PTA is high. The monthly average price of PTA in August is the second-highest level in the same period in nearly five years, and it is also the third highest price in the year. The data with the highest positive correlation with PTA spot price are PX price and crude oil price. The low PTA processing fee represents the change of the price difference between PTA spot price and PX price. The monthly average price of crude oil and PX increases more than that of PTA, and the cost pushes up PTA.

Although the overall performance of the textile market was weak in the early stage, with the arrival of September, the market actually had a hint of recovery. According to the market, autumn and winter fabrics began to start one after another, in addition to elastic fabrics, Chunya spinning, nylon silk spinning and other down jacket fabrics also have a certain sales.

Winter fabric moving pins go smoothly

Since the end of August, polyester filament production and sales have risen several times, to a certain extent, led to a decline in factory raw material inventories, the current load of the factory is strong, and most models of inventory scarcity, from the production and sales data, polyester filament factory load start still has strong support.

At present, the textile market in the Dutch cashmere, flannel, ammonia and polar fleece, Roman fabric autumn and winter fabric preferences, market demand is relatively hot, the inquiry atmosphere more than the previous period has increased, but the overall domestic and foreign trade, the single market is still lacking, and most of the weaving manufacturers feedback, start and production sentiment is more cautious. In the short term, the weaving load is still stable next week, and the actual upside space is limited.

In summary, entering September, the market has shown a variety of warming phenomena, but the price of various raw materials and grey cloth is still subject to the macro environment, raw material fluctuations, inventory changes and other factors restricted, but in general, no matter how many orders, the market is good or bad, textile people rely on cloth to eat cloth, "gold nine" to lay a good foundation, "silver ten" will usher in a new market.

(Information source: Cotton Textile Technology New Media)