With the advent of gold and silver, textile and apparel demand began to improve from September until November to reach the annual peak. September has arrived, the textile market peak season signal to come?

PTA spot prices are at the second highest level in the same period in the past five years

As of August 28, the average monthly PTA processing fee in August was 185 yuan/ton, which was -34% month-on-month and -69% year-on-year. The average monthly PTA price in August was the second-highest level in the same period in the past five years, and also the third highest monthly average price in the year. In the past 13 years of PTA historical data, PX price and crude oil price have the highest positive correlation with PTA spot price. The low PTA processing fee represents the change in the price difference between PTA spot price and PX price. The monthly average price of crude oil and PX increases more than that of PTA, and the cost pushes up PTA.

Grey cloth price increase, the market ushered in a rebound

"Gold nine" arrival, the downstream fabric market is looking forward to an improvement in the market, business confidence has rebounded.

Jiangsu grey cloth: The recent opening rate of enterprises is more than 96%, which has increased from the beginning of this month. Grey cloth order volume is still small, individual areas slightly improved. Last week, affected by the price of raw materials, the price of grey cloth increased by 0.2-0.4 yuan/meter, but the transaction price is not ideal, the sales of conventional varieties are generally slow, the actual single in the early proofing is not much, and the subsequent orders are still insufficient.

Guangdong denim: Recent cotton prices high shock, denim prices high running, pure cotton OE10S yarn shipping price of about 16500 yuan/ton. The price of indigo dye is relatively stable, about 55,000 yuan/ton. The pressure on production orders of enterprises is greater, the probability of opening has declined, and it is expected that the lack of domestic demand will continue.

Lanxi grey cloth: The recent yarn prices are basically maintained at a high level, the downstream market is light, the price is low, the factory equipment is barely maintained at start-up, and the inventory continues to increase due to slow shipment. At this stage, the market is weaker than the same period in previous years, and we expect the market to recover.

Jiangsu yarn-dyed fabric: The market as a whole is stable, inquiries have increased, but new orders are less than expected, and the total number of orders has declined compared with the same period last year. Upstream raw material prices are high and volatile, cotton yarn prices continue to be strong, and enterprises are cautious in purchasing and stocking up in small quantities. The market competition is fierce, the product price is basically stable, the price is difficult, the profit is thin, and the business wait-and-see sentiment is strong.

Hubei pure cotton cloth: The recent inquiries of thick varieties of fabrics have increased, and the actual single remains to be seen. In addition, the market competition is more intense, and the profit margin is compressed. Raw material prices are strong, enterprises buy as they go, and raw material inventories are controlled in about a week. With the peak season approaching, I hope the market will gradually improve. Although the overall performance of the textile market was weak in the early stage, with the arrival of September, the market actually had a hint of recovery.

According to the market, autumn and winter fabrics began to start one after another, in addition to elastic fabrics, Chunya spinning, nylon silk spinning and other down jacket fabrics also have a certain sales. Although the signs prove that entering September, the marginal improvement of the entire textile and garment market is more likely, but it is still far from previous years, and the social inventory of fabric traders is still high.

On the other hand, the upper and lower industry chains have the trend of waiting for the peak season, but whether the price can be supported still needs to be verified by the market. It is still due to the excessive stock in the early stage of the trade end, the urgency of inventory, and the phenomenon of price reduction and dumping of goods is difficult to eliminate, which inhibits the overall price of the market. The market trading surface is still under greater pressure, the overall single volume compared with the same period last year is relatively tight, it is difficult to boost the overall market turnover, coupled with the imbalance between supply and demand, the market competition is more intense, and the trend of polarization is becoming more and more obvious.

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Qingdao Victor New Material Co. Ltd is a professional nonwoven products manufacturer located in Shandong, China.  The factory founded in 2013, specified in nonwoven related products（Nonwoven fabrics, Spunlace, Wipes, Roofing Nonwoven）from nonwoven fabric to finished products.  We have three major product lines, spunbond, meltblown, and spunlace.  Qingdao Victor New Material Co. Ltd offer one stop service from design, manufacturing, packaging, and shipping.