According to the business society textile index, the domestic textile market maintained an upward trend this week (8.21-8.25), and the textile index was 1019 points as of August 25. In terms of price, a total of 8 kinds of commodities rose in the textile sector, and the top 3 commodities were PTA(1.03%), acrylonitrile (0.75%), and raw silk (0.62%). There were 2 kinds of commodities that fell from the previous quarter, and the top 2 products were nylon POY(-0.46%) and nylon DTY(-0.32%). The weekly average is up or down 0.18%.

Cost support enhanced PTA stage low rebound

The domestic PTA market shook slightly up this week, crude oil rebounded from a low level at the beginning of the week, PX supply narrowed, and cost support strengthened. At the same time, domestic macro policies are expected to benefit more commodity atmosphere, and PTA prices will rebound at a low stage. However, as crude oil prices fell, the PX market was accompanied by the realization of the device restart plan, and the domestic PX supply capacity was enhanced, and in early September, Hengli Petrochemical's 3# 2.2 million tons PTA plant was scheduled to be repaired, and the contradiction between PX supply and demand still existed, which suppressed the rising momentum of PTA market to a certain extent. The terminal consumption of raw materials that have been prepared in the early stage is not in a hurry to purchase, and it is expected that the upward pressure on PTA prices is greater in the short term.

Raw material gains support polyester prices up slightly

The cost side support increased, and the domestic polyester market rose slightly this week. At present, the terminal textile market is in the transition stage from the off-season to the peak season, the inquiry and shipment have increased significantly, and the export export orders have improved. The market purchase and sales will enter the preheating stage, although the order has improved compared with previous years, but compared with previous years, it is still general. The downstream weaving industry wait-and-see sentiment is stronger, the construction of Jiangsu and Zhejiang looms is maintained near 60%, and the mentality of the yarn market is still insufficient. From the terminal textile and garment exports in July, showing a decline, China's textile and garment exports fell again in July, in terms of dollars, textile and garment exports fell 18.3% year-on-year in July.

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