Textile Raw Material Prices Rose For Two Consecutive Months

Since July, the textile raw material market has begun to recover, and it has been nearly two months Textile raw materials The overall price is rising. Among them, PTA rose by about 10%, cotton spot rose by about 1.6%, and cocoon silk spot rose by about 4.5%.

PTA rose most significantly. Data shows that since July, PTA prices have been moving forward in a trend of "overall rise and range shock", and the overall increase of the quotation on August 20 compared with July 1 reached about 10%. The rise of PTA is mainly due to the recent rise in crude oil prices and the machine maintenance carried out by many enterprises in summer.

In terms of downstream demand, people's clothing The consumption of clothing, bedding products and textiles increased cotton The consumption of clothing bed products made of cocoon silk has warmed up, which has a certain beneficial impact on upstream raw materials. However, this summer's consumption is not as strong as that of previous years. The cotton market is only adjusted by about 100 yuan, and the overall price is still low.

Analyst Xia Ting predicted that, considering Textile industry The overall situation of PTA in the future is not optimistic due to the continued weakness of exports, sluggish production and sales in the downstream market and the investment in PTA's new capacity. Some analysts pointed out that the sluggish consumption in the downstream market of textiles is still the main reason for suppressing cotton prices. The new cotton year starting in September will continue to implement open procurement and storage, and it is difficult for cotton prices to rise continuously; It is unrealistic for the cocoon silk market to rise or fall sharply in the short term, and the trend in the later period will mainly depend on the autumn cocoon output.