Trump Acknowledges That Killing Major General Of Iran Will Aggravate International Instability Or Cause Textile Raw Materials To Rise?

According to reports, in the early hours of January 3rd, the US army launched a round of air raid operations near Iraq's Baghdad Airport in Iraq, and beheaded the senior officials of the Iran military. In addition, the victims include several members of the "Shiite militia" people's mobilization organization "and the" guests "of the organization.

The Iran high ranking military officer who was killed was not an ordinary person, but a major commander of the Holy City Brigade, commander of the Iran Revolutionary Guard.

The commodity market has skyrocketed.

This "black swan" has made the world's financial markets fly all over the world, crude oil prices and crude oil futures are wildly pulled out, even two barrels of Big Mac oil are not to be outdone. The market for risky assets has skyrocketed. Gold has broken through the $1540 mark.

On the morning of January 3rd, Brent crude oil and New York crude oil rose in early trading on Friday, of which WTI crude oil rose further to 4%, to 63.63 U.S. dollars / barrel, to mark a new high since September 2019. In the futures market, crude oil futures also rose sharply.

Specific to the polyester raw materials market, this crude oil boom was boosted, 3 days early PTA futures rebounded, after the opening quickly pulled up, and stood on 5000 points again. As of the end of 3 afternoon closing, Zheng Shang PTA futures main contract 2005 to 5012 yuan / ton closed, or 0.97%.

As a raw material for polyester, ethylene glycol market has also risen. As of the end of 3 days afternoon, the 2005 contract of big business ethylene glycol futures contract closed at 4655 yuan / ton, or 0.89%.

Driven by the rising price of polyester raw materials, the purchasing sentiment of the downstream weaving factories is also rising again. On the 3 day, the trading atmosphere of the polyester filament Market in Jiangsu and Zhejiang provinces has significantly improved. The average production and sales of the mainstream factories are around 136%, and some of the better factories and factories are close to 120%, 246%, 280% and 300%.

Chemical fiber raw materials need to rise?

On the occasion of entering the Chinese traditional Spring Festival, many of the cloth owners are unable to sit still and worry that the price of crude oil will continue to rise. When the price of chemical fiber rises, the price of the chemical fiber will not be taken. If the Spring Festival starts, the price will not drop. How can we do this?

Although crude oil has a decisive impact on the whole industry chain, crude oil is too uncertain, and it will rise tomorrow. Maybe it will fall tomorrow. Xiaobian thinks that crude oil can not be used as a weathervane for polyester price rise. In addition, in the first quarter of this year, PTA has new installations, and the pressure on the supply side is also increasing. This will inevitably impact the price and make it difficult to form strong assists for the price rise of polyester filament. But more importantly, weaving manufacturers actually have no money to pay. According to the understanding, this year the problem of money recovery is more severe than before. When the vacation is coming soon, workers' wages, water and electricity, rent and so on are all the mountains on the weaving factory. The only funds must be allocated rationally. If there is no money, there will be no price increase.

The price of raw materials is not related to many factors, but the most important thing is how the market is, and what the downstream manufacturers need. Strong demand, raw materials even rise, after a few complaints will buy, the demand is shrinking, even if the price of raw materials sales promotion, holding a buy or not to buy, in case of buying and falling mentality, weaving manufacturers will not buy. In the final analysis, demand is the big guy!

Above all, there are market participants who believe that the more the situation is, the more careful we should be. We must not be impulsive. Although Trump has gone through a small fire and launched a small terrorist attack, but in the face of this country in Iran, I would like to provoke a large-scale war. I think neither side will be happy, so the big conflict will not easily arise. The price of chemical fiber may be stimulated under this stimulation. It is possible that a slight rise may turn out to be a trend.