In recent years, international oil prices have continued to rise, rising from a low of $30/barrel to a four-year high of around $80/barrel. But this week, with Saudi Arabia’s consecutive voices saying that it will increase crude oil production from the existing 10.7 million barrels per day to 12 million barrels per day, international oil prices plunged sharply on Wednesday, and the NYSE’s December delivery was light. Crude oil futures closed at $66.43 a barrel, down 4.22%; London Brent crude for December delivery closed at $76.44 a barrel, down 4.25%.

"Kashupi incident" forced Saudi Arabia to increase production

Han Xiaoping, chief researcher of China Energy Network, said that the main "Kashupi incident" made Saudi Arabia change its attitude. Previously, as the United States wanted to sanction Iran, international oil prices continued to rise, and the United States demanded that Saudi Arabia increase production. However, Saudi Arabia has always said that there is little room for increased production. However, because of the pressure on the “Kashupi incident”, Saudi Arabia now said that it can increase the number of existing ones by more than 1 million to nearly 2 million barrels a day. Although it is not enough to fully compensate for the reduction in sanctions against Iran, it is indeed global. The oil supply has had a huge impact.

Wang Guang, a commentator on Yangguang Finance, also believes that Saudi Arabia’s increase in production is mainly due to the “Kashiji incident”. For the sake of its own interests, Saudi Arabia did not want to reduce oil prices because of the increase in production. However, if it can reach an agreement with the United States as soon as possible on the issue of increasing production, the event that caused the controversy will be quickly concluded, which may be an option for Saudi Arabia to have a higher price/performance ratio.

Saudi Arabia's increase in production is enough to affect global supply and demand patterns

Saudi Arabia is the leader of OPEC. If Saudi Arabia increases its production capacity by 1 million barrels, other OPEC countries will follow up, and even non-OPEC countries will follow up. This is the mentality that "you are all increasing production, and I can't limit production." The production alliance will be broken. As a result, the possibility of oversupply of crude oil again exists. However, because not only some European countries are demanding sanctions against Saudi Arabia, but also in the United States, there is a demand for sanctions. In the event that the United States also sanctions Saudi Arabia, Saudi Arabia may rebound. Therefore, there is indeed a lot of uncertainty in this area, and it has a relationship with supply and demand. The bigger one is supply.

It turned out that there was only one problem in Iran. This problem is actually very difficult to solve. Now, there is another Saudi Arabia. As the world's largest oil exporter, if there is a problem in Saudi Arabia, it will have a very big impact on the global oil supply and demand relationship.

The polyester industry chain has fallen

This month, the entire polyester industry chain is in a state of decline. From October 10 to October 25, within 15 days, both PX, PTA and polyester filaments have a large decline, including PTA inner disk. The spot was the most obvious, falling 13% in 15 days and falling below 7,000 yuan.

The downside of international oil prices has contributed to the decline. It is expected that the price of the entire polyester industry chain will continue to fall.

Is it good or bad for weaving companies?

The sorrow and the blessing of the blessings, the blessings of the blessings. The sharp drop in international oil prices has advantages and disadvantages for weaving companies.

High price inventory is difficult to handle

Because of the soaring PX and PTA in July, polyester filaments came to an unbearable high in a short time. However, the author understands that in the Shengze area alone, in addition to the three-stop one because of policy requirements, the looms are basically full during the entire July and August period.

In July and August of previous years, the basic production was for the golden season, and the price of grey fabrics rose sharply. The purchaser’s quotation could not rise so fast, so this September 10 The market for the month is more general, which also allows the weaving companies to have a lot of stocks woven with high-priced raw materials.

Once the price of raw materials goes down, this batch of stocks is very embarrassing. The high price is definitely not sold, and the low price is sold and lost. This is in a dilemma.

Raw materials are reduced in price to be profitable.

But in the long run, the drop in raw materials is indeed a positive for downstream weaving. High-priced raw materials have already "killed" this year's peak season. The price of cloth will be difficult to rise too much for a while, as long as the raw material price is still at a high level, the profit of the cloth owner cannot be guaranteed. On the contrary, only when the price of raw materials falls, the profits of the cloth can go up, and the cloth boss can make money.

Although the stocks made with high-priced raw materials are now in awkward situation, as long as the most difficult time has passed, the road ahead is bright.

Hai'an County Qinfeng Chemical Fiber Co., Ltd., with its first-class professional technical strength, the front-end quality inspection system and perfect quality inspection system rank among the high-quality enterprise queues in the industry, specializing in the production of polypropylene staple fiber. Polypropylene staple fiber can be used in the production of sanitary non-woven fabrics, spunlace nonwoven fabrics, needle-punched carpets, electric blanket fabrics and the like.

Qinfeng brand polypropylene staple fiber has superior moisture permeability and quick drying property, good combability and spinning performance, and can produce soft and tough fabrics. The fabric is light in weight, good in warmth, delicate in hand, comfortable to take and acid resistant. , alkali. At the same time, it has the ability to dissolve quickly, good filling and sound insulation.

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