Aluminum prices ended falling and rising on the 28th

According to the data of business agency, the average price of domestic aluminum ingot in East China market in August was 18830 yuan / ton, up 2.52% in the day compared with the average market price of 18366.67 yuan / ton on the 27th.

It is reported that in late May, affected by the recent regulatory authorities’ interviews with key enterprises in black and non-ferrous industries, the domestic spot aluminum ingot price began to decrease, from 19680 yuan / ton on the 19th, to 18366.67 yuan / ton; The increase of aluminum price in May was mainly in the first ten days of the 28th, which was basically flat in the month, down from the average market price in early may (5.1).

Macro factors are slightly empty

At home, affected by the surge in the early period of commodity, the current policy is mainly to ensure supply and stability, and to curb the unreasonable rise of commodity prices in all aspects. The voice of policy departments has caused the expectation of market regulation on policy in the later period to rise, and the mood of commodity market has cooling signs.

Cost rise in some regions due to changes in cost side price policy

The Inner Mongolia development and Reform Commission and the Ministry of industry and information technology issued a notice that since February 10, 2021, the self-contained power plants pay policy cross subsidy according to the spontaneous self-use power consumption. The collection standards of Mengxi and Mengdong power grid are respectively 0.01 yuan and 0.02 yuan per kilowatt hour (including tax). The basic electricity price policy of 3.39 minutes per kilowatt hour in the electrolytic aluminum industry in Mengxi area is cancelled, and the reverse step transmission and distribution price policy of Mengxi power grid is cancelled.

On May 25, the Ministry of industry and information technology of Inner Mongolia Autonomous Region issued the notice on adjusting annual transactions, saying that the coal price has risen sharply in the near future, and that many coal and electricity enterprises in Mengxi have suffered serious losses in the short term. In order to ensure the smooth and orderly trading of the power market, five power generation groups, such as the North Union Power Co., Ltd., were adjusted to generate electricity enterprises in May 2021 and beyond The annual transaction price of the first batch of power users and the proportion of new energy allocation of users in the first batch of 2021. The adjustment principle is that the annual increase of user transaction contract shall not exceed 0.02 yuan / kWh. See the attachment for the specific adjustment proportion.

Supply side

1. double control and balance the production schedule of new capacity

Yunnan and Guangxi are the major provinces of new production capacity of electrolytic aluminum this year. The recent energy consumption double control policy in Yunnan is more stringent, which will affect the production schedule of new production capacity to a certain extent.

According to statistics, the total capacity of electrolytic aluminum in Guangxi, Yunnan, Qinghai, Ningxia and Xinjiang is about 16.91 million tons, accounting for about 40% of the domestic built-up capacity.

2. profit increase capacity commencement rate rising

In April, the output of electrolytic aluminum was 3.35 million tons, an increase of 12.4% year-on-year, and a 3.9% increase on a month on month basis. The output of electrolytic aluminum from January to April was 13.32 million tons, an increase of 9.6% year-on-year.

The relative low level of aluminum social inventory supported strongly at the consumption end of aluminum

The data of aluminum ingot social inventory show that the inventory is relatively low in recent years. As of May 24, the domestic social inventory of aluminum ingots was about 990000 tons, down 30000 tons from last week.

Spot consumption is good, and it is obvious to go to the warehouse. The terminal demand is expected to be good, the investment data of power grid is relatively stable, the data of real estate, home appliances and automobile are better, and the aluminum consumer end is supported strongly.

The construction profile enterprises in downstream are expected to start at 62.07% in April and 60% in May; The starting rate of industrial profile enterprises in April is 61.36%, and it is expected to be 62% in May; The start rate of aluminum plate and foil enterprises in April is 81.64%, and it is expected to be 81% in May; The start rate of A356 aluminum alloy company in April was 54.51%, an increase of 0.61% year on year.

Post market forecast

At present, the profit level of aluminum ingot manufacturers has risen greatly, and the profit per ton of manufacturers with better energy efficiency ratio is close to 4000-5000 yuan. With the implementation of the goal of carbon peak reached by China Aluminum Industry and the promotion of the “double control” policy of energy consumption of local governments, although the market is affected by macro sentiment, the spot market goes to the warehouse in the peak consumption season. It is expected that the spot aluminum ingot price will be mainly operated in the short term between 17000-19000 yuan / ton.

In the two recent executive meetings of the State Council, the rise of the bulk commodity market has been “named” continuously, which has aroused great concern in the market. However, the chemical industry market has shown a continuous decline in the past two weeks. According to the monitoring of business news (100ppi. Com), the chemical industry index was 1041 points on May 28, down 3.97% from the weekly peak of 1084 points (2021-05-13), It is 74.08% higher than the lowest 598 point on April 8, 2020（ Note: period refers to the period from December 1, 2011 to now

In the first four months, the profits of industrial enterprises increased by more than 100% year on year. Under the strong recovery of the manufacturing industry, the prices of bulk commodities rose sharply. The inflation problem aroused great concern in the market. After the middle of May, the country continued to name the price rise of bulk commodities, and the market cooled rapidly. According to the price monitoring of the business community, in the list of commodity prices in the 21st week of 2021 (5.24-5.28), there are 26 kinds of commodities in the chemical industry sector, among which there are 4 kinds of commodities with an increase of more than 5%, accounting for 4.3% of the number of commodities monitored in the sector; There were 37 kinds of commodities that declined on a month on month basis, and 9 kinds of commodities with a decline of more than 5%, accounting for 9.8% of the monitored commodities in the sector; The top three products were melamine (- 31.41%), bisphenol A (- 17.81%) and acetone (- 11.45%), showing a trend of more decline and less rise for two consecutive weeks. The 21 week average rise and fall was – 1.09%, and the 20 week average rise and fall was – 0.67%.

Weak supply and demand pattern and deep decline of Melamine Market

The melamine market has been in a downturn recently, with a sharp decline in the market. At present, the operating rate of melamine is high, but the downstream demand is weak, the shipment of enterprises is under pressure, the supply pressure continues to accumulate, dragging the market, and the market price is frequently low. However, the downstream is cautious about low price follow-up, and just needs to purchase. Melamine analysts of business news agency believe that the recent upstream urea price is strong, the cost side impact is relatively limited, supply and demand dominate the market, the demand side performance is weak, the market performance is still under pressure, and it is expected that the short-term melamine market will be weak.

Poor terminal demand bisphenol a market fell 21% on the 5th

Bisphenol a market in East China continued to fall. According to the monitoring data of business agency, the market negotiation on the 28th was close to 20000 yuan / ton, down 21% this week. The overall performance of bisphenol a market was extremely poor. Although the shippers kept reducing their offers, there were few market inquiries. The daily market low prices were emerging one after another. Rumors of low prices continued to affect the market mentality. In the middle of the week, Changchun chemical reduced 5000 yuan / ton and implemented 22000 yuan / ton, which increased the negative factors. Transaction situation is even worse, the mentality is seriously frustrated, short-term hard to say good. In the view of the business community, on the one hand, due to the depressed terminal demand market, the bearish attitude of the cargo holders is serious. Under the influence of the mentality of buying up but not buying down, the terminal’s wait-and-see mood for raw materials increases. On the other hand, the cost side fell, and after the name of the bulk market, the chemical industry as a whole showed a downward trend, the bad news under the industrial chain was diffuse, and the market mentality was seriously frustrated. The business community expected that the short-term bisphenol a market would continue to decline, and the offer of East China market was about 20000 yuan / ton.

Sharp contradiction between supply and demand

The acetone market fell significantly this week. According to the monitoring data of the business society, the acetone factory in East China fell by 15.64%, while the market situation fell by 6.6%. Therefore, the factory adjustment was relatively large this week, and the market continued the previous decline trend. From the perspective of business community, it is difficult to improve the contradiction between supply and demand in the acetone market in the short term. First, the supply of acetone is sufficient in the short term. Under the same plant, the phenol has been stable and small move in the near future, and the enterprise inventory is low. Therefore, the operation rate of the phenol ketone plant will remain high. It is expected that the supply of acetone will be sufficient in June; Second, it is difficult to say that the demand is optimistic, and the digestion of the terminal field is insufficient; The three room raw materials pure benzene and propylene have obvious downward trend, the phenol ketone industry chain has obvious downward trend, and the chemical industry has just started to decline for two consecutive weeks. Generally speaking, there are few positive factors. In the case of sharp contradiction between supply and demand in acetone market, it is difficult to reverse the market. It is expected that the short-term propylene ketone will maintain 5500-5700 yuan / ton.

Since the beginning of this year, the rapid rise of commodity prices has had a negative impact on economic expectations, inflation has increasingly affected people’s production and life, and national policy control has effectively curbed short-term speculation. Recently, the national development and Reform Commission issued the notice on the action plan for deepening the price mechanism reform during the “14th five year plan” period, which has taken many measures in a timely and effective manner, It will help to guide rational expectations in the market and squeeze speculative bubbles away. In this context, the short-term chemical products enter the cyclical rational callback stage. After a four month surge in 2021, the repair period will continue for some time. The company expects the chemical industry index to continue to decline in June.

According to the monitoring data of business news agency, the hydrogen peroxide Market returned to the rising market in May, the rigid demand of terminal increased, and hydrogen peroxide started to rise. At the beginning of the month, the average market price of hydrogen peroxide was 1070 yuan / ton. On the 27th, the average market price of hydrogen peroxide was 1106 yuan / ton, up 3.43%.

According to the weekly rise and fall chart of hydrogen peroxide from March 1 to May 23, 2021, it can be seen that after the Spring Festival, the hydrogen peroxide Market weakened, with a decline of more than 3.6%. At the beginning of March, the hydrogen peroxide Market showed a sharp rise, or more than 5%. After the sharp rise, it began to dive, continuing the weak market. In April, in the middle of the month, hydrogen peroxide rose again, with an increase of more than 5%. After the May Day holiday, hydrogen peroxide was in a weak position and started a rising mode in the middle of the month. It rose to May 22, with an increase of more than 10%. Towards the end of the month, the hydrogen peroxide market had a correction.

On May 27, some domestic hydrogen peroxide manufacturers quoted the following prices:

Luxi Chemical hydrogen peroxide quoted 1000 yuan / ton, 50 yuan / ton higher than that at the beginning of May; Hebei Zhengyuan chemical fertilizer hydrogen peroxide quoted 1100 yuan / ton, the price increased by 140 yuan / ton; Anhui Quansheng chemical hydrogen peroxide quoted 1220 yuan / ton, the price increased by 70 yuan / ton; Hunan Shuangyang high tech chemical hydrogen peroxide quoted 1200 yuan / ton, stable.

Terminal rigid demand increases, hydrogen peroxide bottoms and rebounds

After May Day, the performance of hydrogen peroxide was not good. In the week of May 11, the purchase of hydrogen peroxide terminal paper industry increased, hydrogen peroxide made efforts again, and the rising trend restarted. Hydrogen peroxide enterprises continued to raise the ex factory price, and the average price of hydrogen peroxide Market exceeded 1000 yuan, or more than 6%.

In the week of May 18, the terminal rigid demand continued to improve. Shandong Mingshui chemical company had a shutdown plan at the end of the month, which was supported by the profit. The price of hydrogen peroxide still kept rising, with an increase of more than 10% compared with that on May 11.

At the end of the month, the price of hydrogen peroxide in Luxi dropped to some extent. The mainstream quotation was 1000 yuan / ton, and the price fell by 40 yuan / ton. Other manufacturers hydrogen peroxide Market is relatively stable.

On May 27, the commodity price index of hydrogen peroxide and caprolactam was 116.62, which was the same as yesterday, decreased by 46.78% compared with the highest point 219.12 (2020-10-27) in the cycle, and increased by 29.79% compared with the lowest point 89.85 on January 29, 2019（ Note: period refers to the period from January 1, 2019 to now

The price of hydrogen peroxide terminal caprolactam continued to rise, driven by the rise of pure benzene market, with an increase of more than 5.4% in the whole may. Caprolactam market soared, manufacturers purchase hydrogen peroxide enthusiasm is higher, hydrogen peroxide terminal demand improved, prices back up.

On May 27, the price index of hydrogen peroxide and corrugated paper was 153.49, which was the same as yesterday. Compared with the highest point 246.00 in the cycle (October 21, 2019), it decreased by 37.61%, and increased by 42.73% compared with the lowest point 107.54 on January 29, 2019（ Note: period refers to the period from January 1, 2017 to now

After the May Day holiday, the price of corrugated paper is temporarily stable, but with the cancellation of nine dragon paper preferential policies, the price of base paper in some areas has slightly increased. With the recent rise in the price of waste paper raw materials, the price of corrugated paper showed an upward trend, and the price of paper increased by more than 6.6% in May. The paper mills are enthusiastic about purchasing hydrogen peroxide, and the hydrogen peroxide Market is getting better and rising.

Li Bing, hydrogen peroxide analyst of business news agency, said: hydrogen peroxide manufacturers stop for maintenance, and the demand of terminal papermaking market increases. It is expected that hydrogen peroxide will continue to rise in June.

According to the price monitoring of the business association, on May 26, the current price of domestic PTA slightly strengthened. The average price of the spot market was 4703 yuan / ton, down 0.39% in a single day. The main futures 2109 closed at 4718 yuan / ton, up 20 yuan / ton, or 0.43%.

At present, due to the adjustment of plant load, the main PTA suppliers are reducing the supply of contract goods. According to news, Yisheng contract reduced by 50% in June and Hengli supply reduced by 40% in June. At present, the operation rate of the industry remains around 83%. Hengli Dalian 2.5 million tons PTA plant is scheduled to start maintenance for two weeks on June 1, and it is expected that supply and demand will continue to go to the warehouse.

In the near future, crude oil fluctuated strongly, and the cost side still had good support. Downstream polyester market performance is flat, mainstream polyester production and sales are concentrated in 30% – 60%, individual better manufacturers can do flat. In terms of inventory, the overall inventory of polyester market is concentrated in 12-25 days, of which POY inventory is 9-21 days, FDY inventory is about 12-16 days, and DTY inventory is about 15-28 days. The price is mainly stable, and the quotation of individual factories is increased by 50 yuan / ton.

Xia Ting, an analyst at business news agency, believes that there are many positive factors, such as the decrease of supply in the current spot market, the expectation of equipment maintenance and the boost of crude oil. However, the performance of downstream polyester is tepid, and the new PTA plant is expected to be put into production. It is expected that PTA price will fluctuate slightly in the future, and the possibility of upward trend is relatively large.

According to the data monitored by the business agency, as of May 24, the average price of domestic power grade lithium iron phosphate was 50000.00 yuan / ton. Recently, lithium iron phosphate has been running smoothly, and the downstream just needs to purchase, so the negotiation atmosphere is flat.

In May, the finishing market of LiFePO4 was mainly stable with stable price trend. The upstream lithium carbonate was stable with slow rise. The main suppliers were contract customers with limited number of new customers. At present, the main quotation range of LiFePO4 power type was 48000-52000 yuan / ton, and the quotation range of energy storage type LiFePO4 was 42000-46000 yuan / ton, The price range of upstream battery grade lithium carbonate is 87000-91000 yuan / ton, and the price range of industrial grade lithium carbonate is 80000-85000 yuan / ton.

Recently, the price of lithium carbonate continues to be stable, the price of industrial grade lithium carbonate continues to be stable, and the price of battery grade lithium carbonate is slightly higher. As a whole, the market is still in a relatively stable trend. At present, the inventory of lithium carbonate enterprises is relatively low, and the transaction atmosphere is general. Lithium carbonate commodity index: on May 23, the lithium carbonate commodity index was 221.66, which was the same as yesterday, decreased by 45.28% compared with 405.10 (2018-01-07), the highest point in the cycle, and increased by 124.94% compared with 98.54, the lowest point on October 16, 2014（ Note: period refers to the period from September 1, 2011 to now

Business community LiFePO4 analysts believe that: in the short term, LiFePO4 presents stable operation, price fluctuation is limited（ If you want to get more information about goods and master the price of goods, you can subscribe to the business community through the official account of the business community.

According to the data monitoring of business agency, the price of phthalate has stabilized this week, while the price of o-benzene is temporarily stable. As of May 24, Sinopec quoted 6200.00 yuan / ton, which is stable compared with that of the price of RMB 6200 / t last weekend (May 16).

Raw material prices down

The commodity price index of mixed xylene and ox was 109.59 on May 23, up 0.18 points from yesterday, down 6.66% from 117.41 points (2019-09-09) in the cycle, and 46.49% higher than the lowest point 74.81 on December 02, 2020（ Note: the cycle refers to January 1, 2013 to present). Mixed xylene price fluctuates, raw material price falls, o-benzene cost drops, and the price of the latter is weak.

The commodity price index of ox and phthalic anhydride on May 23 was 94.79, which was flat with yesterday, down 13.24% from 109.26 (2018-08-09), the highest point in the cycle, and 55.37% higher than the lowest point of 61.01 on November 18, 2020（ Note: the cycle refers to January 1, 2013 to present). The price of phthalic anhydride fell slightly, while the price of o-benzene was stable for a while. The downstream market of o-benzene is weak, and the pressure of decline of o-benzene increases.

The price fluctuation of o-xylene in the external market stabilized

Trade name Quotation type Port Price date

O-xylene FOB US Gulf $909.56 / T 2021-05-21

O-xylene CFR China $815.00 / T 2021-05-21

O-xylene CFR Southeast Asia $800.00 / T 2021-05-21

O-xylene FOB the republic of korea $828.00 / T 2021-05-21

O-xylene FOB Amsterdam, Rotterdam and Antwerp $935.00 / T 2021-05-21

O-xylene FOB US Gulf $915.08 / T 2021-05-14

O-xylene CFR China $820.00 / T 2021-05-14

O-xylene CFR Southeast Asia $803.00 / T 2021-05-14

O-xylene FOB the republic of korea $838.00 / T 2021-05-14

O-xylene FOB Amsterdam, Rotterdam and Antwerp $935.00 / T 2021-05-14

From the trend of external offer, the price fluctuation of o-xylene in the external market fell this week. Domestic neighbor benzene port high inventory, phthalate slowly to inventory, foreign market fall stimulate domestic neighbor benzene market to empty, domestic phthalate market downward pressure increased.

Post market forecast

Bai Jiaxin, an analyst with business agency’s phthalate data, said the price of the industrial chain of o-benzene was weak and the pressure on the decline of o-benzene increased. In terms of raw materials, the price of mixed xylene fell, the downstream phthalic anhydride market fell, and the price of the industrial chain of phthalate fell; The price of the external market fell at the top, and the driving force of the rise of phthalate was weakened. Overall, the driving force of the rise of the phthalate market weakened the downward pressure and increased, and the weak position of the next market is expected to be stable temporarily.

According to the data monitored by the business community, as of May 24, the average price of domestic rubber grade high-grade silica was 4733.33 yuan / ton. The downstream just needed to purchase, the manufacturers were active in shipping, the upstream support was general, the overall operating rate was normal, the negotiation atmosphere was flat, the mainstream price range was 4000-5000 yuan / ton, and the price was mainly stable in the short term.

The domestic rubber grade silica market has a stable overall trend with stable price. The main contract orders are the main ones, and the downstream just needs to purchase. The purchasing atmosphere is flat. The number of new orders is limited. Most of the new orders are mainly discussed. The merchants have a stable mentality and general negotiation atmosphere. The merchants are cautious in taking the goods and slow in shipping. The overall market supply and demand is balanced, the shipping is normal, and the inventory is general.

Chemical industry index: on May 23, the chemical industry index was 1056 points, 1 point lower than yesterday, 2.58% lower than 1084 points (2021-05-13), the highest point in the cycle, and 76.59% higher than 598 points, the lowest point on April 8, 2020（ Note: period refers to the period from December 1, 2011 to now

According to the silica analysts of business news agency, in the short term, silica maintains stable operation, the downstream demand power is insufficient, the rising trend information is not obvious, the inventory is normal, the main supply is contract customers, and the number of new orders is limited.

Since the beginning of this year, the global monetary quantitative easing, supply and demand factors have jointly driven the commodity market to a strong upward trend. Steel, nonferrous metals and other sectors have successively broken through the ten-year high. With the increasing expectation of policy supervision, the crazy commodity market has cooled significantly, and the current price of this cycle has collectively “stepped on the brake”.

According to the monitoring of the business community, as of May 21, the BPI of the commodity price index was 1055 points, 10 points lower than that at the beginning of the week, 1.31% lower than the highest point of 1069 points in the cycle (May 13, 2021), and 59.85% higher than the lowest point of 660 points (February 3, 2016)（ Note: period refers to the period from December 1, 2011 to now)

In terms of specific products, there are 114 kinds of commodities in the list of commodity prices, accounting for 52.05% of the total. They are mainly concentrated in chemical industry (36 kinds in total) and steel (17 kinds in total), and the commodities with a decrease of more than 5% are mainly concentrated in steel plate; The top three commodities were isooctanol (- 12.97%), I-beam (- 10.80%) and channel steel (- 10.77%). This week’s average rise and fall was – 1.03%, which is the first decline in nearly seven weeks.

The domestic futures market also continued to “cool down”. On May 21, the black series went green again in a large area. By the end of the afternoon, thermal coal in the main contract fell 9.31% to 713 yuan / ton, which is a rare one-day decline since the thermal coal futures were listed. The main contracts of coking coal, coke and iron ore also fell to varying degrees. Coking coal fell 5.74% to close at 1701 yuan / ton; Coke fell 4.3% to 2371 yuan / ton; Iron ore fell 3.39% to close at 1096.5 yuan / ton.

When the hot commodity market comes to an end, is it a sign of peaking or a short-term accumulation? According to the business association, the trend of carbon peak and environmental protection production restriction industry is strong, and the downstream demand side is still strong, especially for steel, coal, copper and aluminum industries and some chemical products, it is hard to say that the commodity bull market is over. It is expected that in the future, the trend of different kinds of bulk commodities is expected to be differentiated, and the power of comprehensive and sustained rise is limited.

The price of lead market (5.17-5.21) rose this week, with the average price of domestic market at the beginning of the week at 15100 yuan / ton, 15583 yuan / ton at the weekend, up 3.2% in the week.

The lead commodity index on May 23 was 94.84, which was flat with yesterday, down 29.23% from the highest point 134.01 (2016-11-29) in the cycle, up 27.08% from the lowest point of 74.63 on March 19, 2015（ Note: the cycle refers to 2011-09-01 to now).

This week, the trend of Lun lead shock is mainly, the first half of the week is affected by the downward impact of the dollar index, the overall upward metal market, and the lead Lun continued to rebound. The weekend was affected by the high LME lead inventory, and the price was down. Overall, the trend of the week was better, and the lead Lun lead rose about 3%. Shanghai lead rebounded this week, after a slight fall on Thursday, the market continued to rise, up more than 3 per cent a week.

The trend of spot lead market this week is close to the trend of Shanghai lead. With the completion of maintenance in main production area, the overall domestic construction rate has been improved. Due to the tight supply of lead ore in upstream, the overall increase of the commencement rate is limited. Downstream storage enterprises are still in the off-season, consumption is low, and the lead ingot inventory is on the high side.

According to the price monitoring of business agency, there are 5 commodities rising month on month in the non-ferrous plate in the commodity price rise and fall list in the 20th week of 2021 (5.17-5.21), the top three commodities are lead (3.20%), silicon metal (1.82%), titanium concentrate (1.03%). There are 16 commodities falling on a month-on-month basis, with 3 commodities falling more than 5%, accounting for 13.6% of the monitored commodities in the sector; The top 3 products were magnesium (-6.85%), aluminum (-6.33%), praseodymium and neodymium alloy (-6.30%). This week, the average rise and fall was -1.95 per cent. Most of the goods fell this week.

The business agency predicts that the downstream is in the off-season, and the storage enterprises purchase is mainly on demand, and the consumption level has not improved, the price of lead ingot will still fluctuate mainly, and it is expected to recover in the peak consumption season in July and August.

Spot market: according to the monitoring of the business community, recently, the quotation of pure polyester yarn market has been stable and falling, and some of it has been falling. In Shandong, 32S pure polyester yarn was reported at about 14100.00 yuan / ton, the sales of pure polyester yarn has weakened, some preferential policies have been increased, polyester cotton yarn has been temporarily stable, the inventory is normal, and some of them are in short supply.

Upstream polyester staple fiber: in the near future, the direct spinning polyester short futures fluctuated, and the spot remained horizontal finishing. The main focus of semi smooth 1.4d trading was 6600-6750 yuan / ton, leaving the factory or short delivery, and the futures and cash basis was maintained. The downstream just needed to purchase. Most of the factory transactions were just needed today, and some of the higher production and sales were 200-500%. Jiangsu and Zhejiang half light 1.4d mainstream 6600-6750 yuan / ton, Fujian half light 1.4d mainstream 6700-6750 around, Shandong, Hebei mainstream 6650-6750 around.

In terms of downstream demand: the grey cloth market has been pushed up on a month on month basis, and the price index has risen slightly. Recently, the marketing has been pushed up on a month on month basis, and the orders of grey cloth manufacturers have increased on a month on month basis, and the grey cloth price has risen slightly. But the overall market of grey cloth end is still insufficient, some orders have increased, and the overall delivery is general. Recently, the sales of clothing fabrics in the fabric market of China Textile City fell down on a month on month basis, while the transaction volume in the mass fabric market fell on a month on month basis, and the price volume fell slightly. In spring, the spot turnover of fabrics decreased significantly, while in summer, some fabric orders were insufficient, and the price dropped slightly.

Suggestions: due to PTA supply reduction, the cost side has certain support. In terms of demand, there is replenishment in the early stage, and there are generally more raw material reserves. In the short term, it is expected that the overall market will fluctuate and fall slightly. Due to the high price of raw materials this year and the poor reception of new orders in the downstream, the demand in the downstream will be partially insufficient, the market trend will be flat, and the enthusiasm for fabric subscription will decline; In addition, due to the partial reduction of orders from some traders and weaving manufacturers, the supply of fabrics in summer is insufficient, the spot transaction and order delivery shrink month on month, the partial batch orders of fabrics in summer drop slightly, the order delivery of autumn fabrics is relatively limited, the operating rate of weaving enterprises is insufficient, and the production and sales of printing and dyeing enterprises are relatively limited. It is expected that the enthusiasm of public product subscription will drop slightly on a month on month basis, and the overall market transaction will show a small drop trend.