China Fabric Factory Fabric News Affected by various favorable factors in the market, short-term polyester filament may usher in a new round of rising prices!

Affected by various favorable factors in the market, short-term polyester filament may usher in a new round of rising prices!



According to US media reports, the US Pentagon stated that the US military dropped its largest non-nuclear bomb in Afghanistan in order to attack ISIS targets in Afghanistan. US me…

According to US media reports, the US Pentagon stated that the US military dropped its largest non-nuclear bomb in Afghanistan in order to attack ISIS targets in Afghanistan.

US media reported that the US military’s move was to combat an underground passage of the extremist organization “Islamic State” in eastern Afghanistan and its militants in Afghanistan’s Nangarhar province.

After dropping the “mother of all bombs” in Afghanistan on the 13th, which was second only to nuclear bombs in power, the US National Nuclear Security Administration announced a day later that it had successfully tested the “controllable” B61-12 gravity thermonuclear bomb in Nevada.

The U.S. National Nuclear Security Administration stated in a statement that under the tense situation of North Korea’s possible nuclear test and the United States’ possible air strikes, the U.S. National Nuclear Security Administration and the U.S. Air Force completed the B61-12 gravity test in Nevada on March 14. The first flight test of a nuclear bomb.

In addition, the Wall Street Journal quoted some OPEC officials as saying that Saudi Arabia, Iraq, and Kuwait, the top three countries in oil production in OPEC, have now set a target price of $60/barrel for crude oil price recovery, implying that the following At the Vienna meeting in March, they all supported a six-month extension of the production reduction agreement.

The market is currently paying attention to whether the OPEC production reduction agreement will be extended. Also on Tuesday, U.S. oil hit a five-week high as the Wall Street Journal reported that Saudi Arabia hopes to extend the production reduction agreement at the OPEC meeting next month. U.S. oil and cloth both closed higher on Thursday, closing at $53.18/barrel and $55.89/barrel respectively, rising for three consecutive weeks this week. Based on the closing price of Brent oil on Thursday, if the three major oil-producing countries, including Saudi Arabia, are to reach the latest target, oil prices will rise by more than 7%.

After OPEC reached a joint production reduction agreement with Russia and other non-OPEC oil-producing countries at the end of last year, international oil prices remained above US$50 per barrel until last month, when US inventories hit a new high and oil production rebounded, oil prices fell below US$50 per barrel. . However, oil prices have continued to rebound recently. Affected by tensions in Syria and the Korean Peninsula, global risk aversion has increased. As of Tuesday, U.S. oil has risen for six consecutive days and Brent oil has risen for seven consecutive days. Both have set the longest consecutive rise this year, basically erasing the All fell last month.

In addition, PX, the raw material of PTA, is mainly imported from South Korea. Because the US aircraft carrier sailed to the Korean Peninsula, the import of PX was interrupted. This was also the main reason why PTA surged in late trading last night!

It was reported on April 15 that due to various favorable factors in the market, the polyester filament market in Jiangsu and Zhejiang could not stop over the weekend. Tongkun rose by 50 yuan to 150 yuan/ton. Shuangtu generally rose by 50 yuan to 100 yuan/ton at 12 noon. Haixin rose by 50 yuan/ton. Hongtai rose 50 yuan/ton. Xinfengming rose by 50 yuan/ton. It is reported: Warm reminder to all customers, after 12 noon today, some polyester factories have generally increased their prices by 50 yuan to 100 yuan/ton, and have also controlled sales. Customers in need please arrange as soon as possible. The price is still rising steadily in the near future! Please consider it as appropriate, time waits for no one, and price waits for no one…

Summary: Affected by tensions in Syria and the Korean Peninsula, continuous rises in crude oil, interruption of PX imports, and rebound in PTA; and with the advent of summer, summer fabrics have begun to sell well; coupled with the fact that downstream weaving companies have certain stocks, the production and sales of polyester factories have also improved. It is expected that the short-term polyester filament market may usher in a new round of rising prices!
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Author: clsrich

 
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