Industrial plasticity, strong adjustment power, considerable profit
Since the opening of the micro-turbulent situation last year, the cotton market has been hit hard repeatedly, and the cotton market has plummeted. At the moment when the cotton is harvested and sold, the price of seed cotton is low, the ginner’s willingness to sell is not strong, the sales situation is average, the surplus is limited, and some cotton companies even lose money.
The price of polyester staple fiber is still controllable due to the impact of micro news. In the past two years, the profit level of polyester staple fiber has been maintained at 500-800 yuan/ton. Although the profit of polyester staple fiber has fallen sharply due to the soaring price of PTA materials since June 2018, and even a slight loss of 100-300 yuan/ton, when After the material price stabilized, polyester staple fiber recovered to a relatively high and reasonable surplus level, and its anti-risk ability was relatively better than that of cotton.
Historical data shows that the normal price difference between polyester staple fiber and cotton is about 3,000 yuan/ton. When the price difference deviates from the normal range, textile companies can freely allocate the share of cotton and polyester within the scope of the order. In the past two years, the price difference between polyester staple fiber and cotton has risen to 5000-8000 yuan/ton. Under the excessively high price difference, textile companies have gradually increased the amount of polyester staple fiber, and the market share of polyester staple fiber has gradually increased, which can also be understood as a strong substitute for polyester staple fiber.
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