East Silk Market Fabric Trading Leisure Mainly

Fabric: for a week (16-22 September), the fabric market is lack of volume, the fabric presents a "price stable" market, but the market of suede market is still more active, especially through some bronzing and computer embroidery technology, the fabric appearance is more icing on the cake.

Large silk Oxford cloth market can be shipped.

The market volume of waterborne Yao market has risen, and individual specifications have been out of stock.

The faucet jacquard fabric is not well shipped recently.

Some of the conventional fabric sales have failed, and there is a slight pressure on downstream textile products such as washes and cashmere products.

The warp knitted fabric has slowed down recently.

From the overall market price, most fabric prices remain stable.

Whole

Compared with the same period last year, the gap is relatively large. But from the recent paction situation, although some casual fabrics trade volume, but the single batch is not large.

Next week is expected.

It will still be in the consolidation stage.

Jindi polyester interwoven polyamide spinning series has been in the market for some time.

More and more, and another polyester Terason fabric is cheap and beautiful, and sales are gradually improving.

And a kind of imitation hemp Zuo Ma Ma in the current market turnover has shown a clear recovery, and has stimulated the polyester Market (POY50D+FDY50D) composite wire sales.

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When loss occurs, enterprises will continue to produce and operate because of the existence of rent and depreciation of fixed assets. When the price of products is higher than the price of raw materials, continuous production can hedge some fixed costs and reduce losses.

However, once the price of the product is lower than the price of the raw material, it will become more serious than the production.

The production of an enterprise under the condition that the product price is lower than the price of raw materials can not only produce the purpose of crowding out competitors, but will make itself fall faster.

Therefore, variable cost can be regarded as a bottom of commodity price.

The production of 1 tons of PTA requires 0.655 tons of PX. We use PX price to calculate a simple PTA that can be turned into this formula, that is, PTA variable cost =0.655 * outer disk PX price * RMB to us dollar exchange rate * 1.17 * 1.05.

Among them, 1.17 is value-added tax, and the 1.05 is import tariff.

Taking the data into formula, we can see that the price of PTA has not fallen below the variable cost, and the minimum difference between PTA price and variable cost is 559 yuan / ton.

Taking into account the fact that freight and miscellaneous fees are not included in the actual cost, we can think that when the difference between PTA price and variable cost is 600 yuan / ton, it will approach variable cost.

Since September, this difference has always been maintained at the low price area of 600-800 yuan / ton, so it is difficult to see a big drop in the price of PTA.

At this time, some people will think that the PX price is a variable. When the PX price falls, the variable cost of PTA will also go down, and the PTA price will drop again.

The problem is simple, and at this time we only need to judge the PX price trend to predict whether the PTA price will fall.

The fundamentals of PX will gradually improve in the future. First, the Fed's Conference on interest rates in September did not appear to raise interest rates expected by the market. The US dollar therefore fell sharply, creating a relatively favorable environment for commodities. Secondly, the US crude oil business inventories continued to decline, supporting the original oil price, thus pushing up the cost of PX production. Thirdly, the 750 thousand ton PX device in Korea's Lotte Chemical Co., Ltd. was scheduled to stop for routine maintenance in October 23rd, and the supply of materials in the market dropped.

Based on the above three reasons, PX price is expected to strengthen in the later stage, and PTA price will also rise passively.