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"Delta" Did Not Withdraw, "Ramda" Again! Optimistic About Polyester Industry Chain Market In The Second Half Of The Year

2021/8/11 17:06:00 0

"Delta" did not withdraw, "ramda" mutant began to "peak"

U.S. media reported that with the spread of the epidemic, there have been thousands of cases of "ramda" virus infection first reported in Peru in December last year. Some experts say the "ramda" strain is also a variant of the virus they are paying close attention to.

According to the website of Japan Broadcasting Association, a woman was found to be infected with a new strain of the virus in a quarantine station at Tokyo's Haneda Airport in July August. It is the first confirmed case of infection with the ramda variant in Japan. Researchers at Tokyo University and Osaka University in Japan say the spike protein of ramda variant is highly infectious.

More than 90% of the supply chain will be destroyed due to the direct impact of the new crown epidemic on the garment industry in Vietnam

Vietnam textile and clothing association estimates that the new round of epidemic has temporarily closed 30% to 35% of Vietnam's garment factories, and more than 90% of the supply chain of Vietnam's clothing industry has been damaged. Even in the most optimistic case, the scale of Vietnam's clothing export this year can only reach 32 billion to 33 billion US dollars, far below the target of 39 billion US dollars.

Moreover, vaccination rates for workers in the industry are "still very low.". It is reported that only about 1% of the country's 98 million people are fully vaccinated.

Affected by the spread of the epidemic in many parts of the country, land transportation soared

Affected by the epidemic situation in many places in China, 91 high-speed toll gates in Jiangsu Province were temporarily closed, including 4 in Wuxi, 6 in Xuzhou and 23 in Yangzhou; 26 ordinary national and provincial roads in Jiangsu Province are temporarily closed in one or two directions. It is understood that transportation costs have increased by about 15%, and some places have even increased by about 60%. However, it is still difficult to find drivers.

The demand of replenishment and return of orders have been boosted, and the demand for textile and clothing has been restored strongly

According to the survey of terminal garment processing plants from March to April, the main season of golden, silver and four seasons is that large garment factories have good orders, while small and medium-sized enterprises have poor orders. However, after July, with the opening of isolation policies in Europe and the United States, overseas textile and clothing demand began to start, and the outbreak of Southeast Asia, orders returned to China. At present, all kinds of clothing enterprises in Jiangsu and Zhejiang regions are basically operating at full capacity. With the release of demand from Europe and the United States and the spread of the epidemic situation in Southeast Asia, the number of orders received by China is expected to further increase.

At present, the expansion of the industrial chain is dominated by polyester to PTA, which belongs to the early stage of expansion. Since July, the operation of the industrial chain has improved, and the profit increase level of PTA and glycol upstream raw materials is more obvious than that of polyester staple fiber. In the same month, the difference in PTA processing rose from 568 yuan / ton to 770 yuan / ton, and the profit of ethylene glycol from naphtha improved from - 60 dollars / ton to - 15 dollars / ton, while the cash flow of polyester staple fiber was not satisfactory, which weakened from - 49 yuan / ton to - 300 yuan / ton, and continued to yield profits to PTA link. Starting from the fourth quarter of 2020, with the continuous high opening rate and the impact of the recycling market, the supply of polyester staple fiber market is sufficient, and the current contract delivery pressure in September can not be ignored, so the short fiber valuation is low. However, the third quarter is the peak season of polyester consumption, and the profits of polyester staple fiber are expected to be improved under the boost of stock replenishment demand in Europe and the return of orders from Southeast Asia.

The financial crisis occurred in 2008, and the demand for textile and clothing shrank in 2009, but 2010 is the year of textile and clothing. 2021 is expected to be similar to 2010, optimistic about the polyester industry chain market in the second half of the year, with the time node at the end of the third quarter and the beginning of the fourth quarter.