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Recently, the textile market ushered in a significant price rising tide, of which polyester prices continue to rise, grey cloth prices also follow. Many enterprises have clearly sent out the news that the price of grey cloth has increased, and the increase is 0.05-0.1 yuan/meter.
A cloth industry boss admitted that the current market trend is confusing, and the rising price of raw materials has far exceeded expectations, resulting in a sharp increase in production costs. In this situation, in order to maintain normal operations and reasonable profit margins, the price of grey cloth has to be raised accordingly, which is a helpless move.
In the traditional off-season, the price of grey cloth does not fall, this "strange elephant" in the end indicates what?
First of all, let's look at the reasons for the rise in the price of polyester filament and grey cloth this round, mainly affected by the recovery of international crude oil prices and the rising cost of upstream raw materials such as PTA in the polyester industry chain.
The reason for the continuous rise in polyester prices
The recovery of international crude oil prices is an important driver of this round of polyester prices. The policy of crude oil producing countries has reduced the supply of crude oil, and the price has been rising. As an important raw material in the polyester industry chain, the rise in crude oil prices has directly led to the rise in the price of intermediate products such as PTA. As one of the main raw materials of polyester, the soaring price of PTA has greatly increased the production cost of polyester, which has promoted the continuous rise in the price of polyester.
In addition, other raw materials in the polyester industry chain, such as ethylene glycol, have also been under pressure from rising costs, further aggravating the rising trend of polyester prices. According to market data, the price of polyester has risen slightly every day since late June, and the increase continues to expand.
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