[Industry Concerns | The five major varieties have daily limit, polyester filament rises, cotton rises, and textile companies are rising!]
Release date:[2021/3/3] A total of reading[487]time

On February 22, the domestic commodities broke out again, and the five major varieties of Shanghai copper, international copper, ethylene glycol, PVC, and soda ash had their daily limit. The market's expectations for the new round of stimulus plan continue unabated, inflation expectations continue to rise, and the commodity market is booming. Chemical products are proud of the spring breeze, and the varieties headed by polyester chains have reproduced the skyrocketing market. Among them, PVC, viscose staple fiber, spandex, ethylene glycol, MDI, etc. have increased significantly.


The five major products in the futures market have their daily limit, superimposed on Zheng Mian’s 16,000 yuan mark, and continued to march forward. The domestic textile industry ushered in a "good start" after the holiday, driving the demand for textile products to rebound, and the heat has exceeded the fourth quarter of the previous year. Analysts pointed out that the price of raw materials has risen sharply, textile products have entered a stage of overall rise, and the gap between supply and demand is obvious. The textile market in the first quarter is likely to exceed expectations.

Only a few days after the opening of the market, the price of polyester filament prices surged one after another, and many chemical fiber manufacturers even reported the increase twice a day! From the perspective of the price trend of polyester filament, starting from February 2020, affected by the epidemic, the price of polyester filament began to decline sharply. It fell to the bottom in April 20, and has been fluctuating at a low level since then, and has been at the lowest level in history for a long time. The price is hovering. It was not until mid-November 20, when the vaccine began to be formally vaccinated, that the price of polyester yarn began to rise all the way. In the first half of 2021, the global epidemic has gradually recovered and consumption has begun to pick up. The price increase of raw materials has become a main theme in the current market, which has also caused the rise in polyester prices to be difficult to stop in the short term.

From 2019 to 2020, many unfavorable factors such as international economic and trade frictions and the global new crown epidemic will follow one after another. The cotton market has experienced ups and downs, and the price of Zheng cotton main company ushered in the second major low since its listing. The market is changing all the time. Since October 2020, cotton has been surpassed all the way, and Zheng Mian and Zheng Sha have been rising fiercely. On February 23, 2021, the highest price of Zheng Cotton's main chain was 16635, the highest in more than 29 months, and the highest price of Zheng cotton's main chain was 24,435, which was the highest in more than 21 months. The spot prices of cotton and cotton yarn followed Strong sentiment.


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