The Price Of Oil Can Not Sustain The Price Of Chemical Fibre.

Recently, oil prices have risen again, oil prices have been rising, but downstream chemical fiber products have not risen with the rise in oil prices, but have dropped to varying degrees.

It is believed that

Half price rise in oil price and polyester price drop

Chemical fiber is an oil product. Whenever the price of oil rises, the price of all kinds of chemical fiber products will follow.

However, since the second half of last year, the international oil price has entered a rising channel, but it still can not stop the downward trend of chemical fiber prices.

Recently, reporters learned from the parties concerned that since the tense situation in the Middle East, oil prices have been moving up.

Tapis's spot price, which was only $109.4 a barrel in early October, rose to $133.27 a barrel in March 15th, up 21.8%.

However, the price of polyester staple fibers has maintained a downward trend in the past six months.

Mid September price index

Raw material prices are not up to stores.

"In the past, when oil prices went up, we were worried that chemical fibers would also rise. This year, however, the opposite situation occurred, which is very dramatic."

Mr. Cao, a curtain fabric distributor in Textile City, told reporters that because of the decline in textile raw materials, they are afraid to make large quantities of stock and do not dare to accumulate too much inventory.

In particular, foreign trade orders are especially small, and only 5000 US dollars have been made this year.

According to industry analysis, the European and American markets are in debt crisis, the Middle East is in turmoil, the consumption demand of international clothing and textiles is in the doldrums, and domestic labor costs continue to rise. Textile sales in textile city are facing enormous pressure.

In the past, March is the peak season for production. Even if the prices of raw materials such as oil are down, the chemical fiber products will still increase. But the price of light textile raw materials has dropped sharply this February, which shows that the demand for downstream textile industry is much weaker.

However, reporters also learned in the interview that the domestic market sales momentum is still very strong, and some garment and textile enterprises have achieved success from foreign trade to domestic sales.

In particular, the rise of the Taobao market has brought considerable business volume to them.

In this regard, the relevant people pointed out that the domestic market environment is optimistic, sales of products are also more and more high-end, and domestic consumers as long as the product quality is good, even if the product price is high and willing to buy, Keqiao cloth merchants may wish to expand more efforts in the domestic market.