1. Suddenly looking back, polyester filament has risen for 7 consecutive years! (Popularity: ★★★★★★)
The global energy crisis continues to ferment during the National Day holiday, natural gas surges, and U.S. crude oil The total price has increased by more than 4 US dollars, and the polyester industry chain has been 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 price increase letter received in February 2.10 was all caused by power and production restrictions! (Hot: ★★★★★)
Recently, due to power and production restrictions in printing and dyeing factories and textile factories, the production capacity of these textile factories has been reduced, inventories have fallen from high levels, and sales prices have increased. Starting from October 1st, the second wave of dyeing fee increases is coming. Some printing and dyeing factories have issued notices that the processing fee prices of all products will increase. Please inquire before placing an order!
Even if the dyeing factory no longer accepts gray fabrics, it will take about 10 days to fully digest the 5 million meters under full load, but new gray fabrics will be brought into the factory every day. , coupled with the switching on and off, the production capacity is insufficient, and the delivery time may be more than 30 days. It is reported that a considerable number of manufacturers have increased their gray fabric prices. According to the investigation, the price of some gray fabrics has increased by about 0.10-0.50 yuan/meter, and the increase rate of some varieties is even higher.
3. The new US trade strategy with China will be announced, and Biden may announce additional tariffs (Hot: ★★★★ )
U.S. Trade Representative Dai Qi delivered a speech on trade policy with China at the U.S. Center for Strategic and International Studies on October 4. The Center for Strategic and International Studies is a world-renowned think tank that plays an important role in U.S. China policy. According to the information disclosed so far, Dai Qi will announce that China has not complied with the first phase of the economic and trade agreement and failed to purchase sufficient amounts of American goods as previously agreed. The Biden administration may announce additional tariffs on Chinese products exported to the United States based on this. In addition, the Biden administration will also announce how to crack down on “China’s product subsidies and “infringement” of intellectual property rights. Generally speaking, the Biden administration’s economic and trade policy towards China will still show a very tough stance.
Sino-US trade relations have always been a topic of great concern to textile people. In addition to the direct impact of tariffs, Sino-US relations also always affect the macroeconomic aspects, whether it is international crude oil prices or the exchange rate of RMB against the US dollar. , are closely related to the textile industry chain.
4. The skyrocketing sea freight suddenly turned downward and fell in 3 days A three-month increase! (Hot: ★★★)
On September 27, Ma Yong, the person in charge of a freight company in Ningbo, said that the sea freight price from Ningbo Port and Shanghai Port to the West Coast of the United States has increased sharply. fell, “three days lost three months of gains.”
On September 26, a meeting was held at the State Council Information Office on accelerating the construction of new infrastructure in the transportation field. At the press conference, Sun Wenjian, spokesperson of the Ministry of Transport and head of the Policy Research Office, said that in response to the rising sea freight and the “hard to find a box” situation, the Ministry of Transport actively cooperated with the Ministry of Industry and Information Technology to coordinate with my country’s container manufacturing enterprises to increase production and coordinate Liner companies have accelerated the return of empty containers. The current monthly container production capacity has increased from the previous 200,000 TEUs to a record high of 500,000 TEUs. “With the release of my country’s new container production capacity, the turnover of empty containers has accelerated. According to reports from major liner companies, The shortage of empty containers has been basically alleviated. ”
5. Shocked! A “clothing war” was staged in a large clothing wholesale market (Popularity: ★★)
Recently, many sellers have begun to enter the intense preparation stage to reserve supplies for the upcoming “Silver Ten” sales season. As a large-scale clothing distribution center in the central region, the Zhengzhou Railway Station business district has also begun to be “busy” Get up.
Due to the impact of the epidemic in August, some stalls in the market are in short supply of autumn clothing. Large retailers often take priority due to their stable supply and demand relationship with stalls, and small businesses that purchase scattered goods Merchants often have no chance of hot sales. Therefore, here, there is often a drama of “snatching goods” because the goods are not available during the peak season. This is already a common occurrence.
Due to the special nature of clothing, there are only a few months of peak season in a year. Only by doing a good job in sales in these months can merchants earn enough food for the year. Merchants with poor profits in the first half of the year hope to borrow money from This “Silver Ten”, work hard. I hope this market situation will stabilize!
6. H&M No. China’s revenue plummeted 40% in the third quarter, falling out of the top 10 markets! (Popularity: ★)
On September 30, the Swedish H&M Group’s newly released financial report It shows that the third fiscal quarter (June-August) performed dismal in China, with performance plummeting and revenue plummeting by at least 4%.0%, falling out of the top ten best-selling countries. Netizens commented on this: “Let’s all work harder.”
In the third quarter of 2020, China was still H&M’s fourth largest market, with sales of 2.55 billion Swedish kronor. . In the third quarter of this year, Spain was H&M’s tenth largest market, with sales of 1.55 billion Swedish kronor. Due to the failure in the Chinese market, H&M Group’s sales in Asia and Oceania fell by 5.1%, with a loss of 1.037 billion Swedish kronor.
In addition, the H&M brand has not stopped closing stores in 2021. In the past three quarters, 140 stores have been closed worldwide.
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