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The Goods and Services Tax (GST) Council meeting chaired by Indian Finance Minister Nirmala Sitharaman decided on December 31, 2021 to postpone the increase in the textile tax rate from 5% due to opposition from various states and industries To 12%. Prior to this, many states in India opposed the increase in the tax rate of textile products and demanded a postponement of the tax rate increase. The matter was raised by the states of Gujarat, West Bengal, Delhi, Rajasthan and Tamil Nadu. These states stated that they do not support raising the goods and services tax rate on textiles from the current 5% to 12% from January 1, 2022.

It is understood that with the recent decline of spandex, new conditions have emerged in the market. Last week, the spandex market continued to find the bottom. 40D quotations were concentrated at 60000-67000 yuan/ton. Compared with the beginning of November, spandex fell by more than 15%. Recently, the textile market is in general, the speed of weaving enterprises' delivery is average, and the number of orders received by trading companies has not increased, resulting in a slight weakness in the overall market. At the same time, the outbreak of the epidemic caught people off guard. At present, the domestic market for autumn and winter fabrics in Xiaoshao and Shaoxing areas is weak, and foreign trade orders are even worse. Most downstream companies have no orders to make. The lack of orders has caused the downstream manufacturers to accumulate inventory. The low-level start-ups in the circular knitting field are about 4-5%, and the warp knitting field is about 5-6%. On the other hand, the spandex market has sufficient supply and new production capacity continues to be released. The first phase of Hyosung (Ningxia) spandex was put into production on December 22, which is also a major resistance to market conditions. These two reasons have directly led to the downward adjustment of the quotations of spandex manufacturers. With the recent increase in spandex sales pressure, spandex salespersons in each WeChat group have become active. Once a single discussion, the actual transaction details are also endless. And it is not just the spandex salesmen who are active. Near the end of the year, the polyester salesmen have also begun to shout desperately! Last week, the polyester filament factory had another major hemorrhage. Some large factories directly made a profit of 200-700 yuan/ton, which was almost a 10% discount. Compared with the current cash flow, it should be considered a sale at a loss. However, after the daily production and sales volume increased, the market returned to calm. For polyester manufacturers, various month-end holidays are already recognized in the industry as a mode of operation. Many weaving manufacturers will choose to replenish more or less goods at this node, but this time it seems unusually "calm", editor I asked several weaving manufacturers, and the answers were mostly: Don`t stock up, it`s enough! A raw material salesperson said: [Now customers are relatively numb to raw materials. Before the Chinese New Year, a customer ate 1,000 tons of raw materials at an unexpectedly low price. No one dared to take a risk if he fell below his low price at that time!" This mentality has continued since last year. At present, the stock of filament yarn is in the high range in the past five years. In addition, downstream companies have an early holiday, polyester filament yarn will face greater sales and inventory pressure in the future, and profit will be poor. There is a high probability that the ester factory will start the promotion market again. According to the survey, most weaving manufacturers currently have about one month of raw material inventory on hand. In other words, before the holiday in the middle of next month, the manufacturers have sufficient raw materials on hand, and those who originally purchased on-demand and bought little production Manufacturers also consider the overall situation and will not invest too much money in raw materials. Therefore, regardless of the raw material factories and weaving factories, the next biggest challenge is how to regain demand. Throughout December, many textile professionals said that orders were mediocre. Although foreign trade showed signs of recovery, hot products were missing. After all, when terminal demand has not fully recovered, consumers can only consume rationally, and clothing is originally a non-essential rigid demand. People will only consider clothing after filling their stomachs. This also makes it difficult unless the downstream has greater efforts. Discounts and promotions, otherwise it will be difficult to drive demand back up. Then the raw materials and fabrics in the intermediate links are in an awkward position. The overall environment continues to release off-season signals. The contradiction between market supply and demand continues to escalate, and the financial pressure will also increase, so the ratio of raw materials used for procurement will also shrink. In addition, the current global outbreak of a new mutant virus has had a greater negative impact on the entire economy. Now it seems that the repeated epidemic situation is inevitable, and the external needs to return to last year's state are still facing greater pressure.

On December 21, Nike announced the results of the second quarter of fiscal year 2022. Q2 revenue was 11.36 billion U.S. dollars, a year-on-year increase of 1%, slightly exceeding market expectations of 11.25 billion U.S. dollars; at the same time, the 2022 fiscal year ending on November 30, 2021 In the first half of the year, total revenue was US$23.605 billion, a year-on-year increase of 8%. Overall, Nike's performance in the global market is relatively impressive. However, in terms of regions, the Greater China region, Asia-Pacific and Latin America declined significantly in the second quarter of the financial reporting period, especially the Greater China region. According to the financial report, in the second quarter of fiscal year 2022, revenue in Greater China was US$1.844 billion, a year-on-year decrease of 20%; compared with US$1.982 billion in the first quarter of fiscal year 2022, a slight decline of 6.96%; and the first half of fiscal year 2022 It can be seen that the overall semi-annual revenue in Greater China has also fallen by 6% year-on-year. In other regions, Asia-Pacific and Latin America revenue was US$1.347 billion, a year-on-year decrease of 8%; North America revenue was US$4.477 billion, a year-on-year increase of 12%; Europe, the Middle East and Africa region revenue was US$3.142 billion, a year-on-year increase of 6% . According to the financial report and the explanation of the conference call in the second quarter of fiscal year 2022, the decline in Greater China is mainly due to the impact of the epidemic, the reduction of available inventory due to the closure of factories, and the interruption of the supply chain. In particular, the closure of the Vietnam factory directly caused Nike to cancel the production of about 130 million equipment. However, supply chain issues have been highlighted in the first quarter of Nike's 2022 fiscal year. At that time, it was also stated that the closed factories caused by the epidemic had a negative impact on the flow of products to stores, fulfillment centers and wholesale partners. And as a result, Nike adjusted its financial expectations for the second half of the year to single-digit growth. For Nike, the supply chain is the most important and most urgent problem in this fiscal year. At the moment, China will still be the center of the global supply chain. Although the supply chains of some clothing brands have begun to transfer to countries such as Vietnam in recent years, they are still facing the impact of policies, regulations, and the epidemic. At the same time, 2021 is also the 40th year that Nike has entered the Chinese market. After 40 years of continuous penetration, Nike continues to bind Chinese consumers in terms of channels and products. It is reported that in terms of products, a commemorative series of shoes and clothing will be launched for Chinese consumers in 2021. In terms of channels, it has also further expanded offline stores and e-commerce channels: during the Tmall Double 11 event (from 0:00 on November 1 to 24:00 on November 11), it won the No. 1 sports outdoor brand on Tmall platform; offline also Continued and steady expansion of stores, according to the big data of Yingshang.com, as of now, Nike has entered 1,447 shopping centers and 518 department stores. Nowadays, after the rapid development of China's sports shoes and apparel market over the past few years, domestic sports shoes and apparel brands such as Anta and Li Ning have emerged. The market competition has become fiercer. In particular, Anta has achieved a total turnover of 4.65 billion yuan through e-commerce on Double 11 this year. Super high performance surpassed Nike's top position in the Chinese market. Regarding the future of the Chinese market, Nike remains optimistic and optimistic for the long-term, and expects that the current situation will improve starting from the third quarter of fiscal year 22. However, as Chinese consumers` preference for local domestic brands further increases and the wave of new domestic products deepens, Nike`s performance in the Chinese market may not be able to return to its original level in the short term if it fails to solve the supply chain problem.

Stop steam, stop, stop collecting grey cloth! The textile printing and dyeing market has encountered "three stops", and polyester yarn stocks have reached a 5-year high! The epidemic counterattack may end this year's market ahead of schedule! In recent days, although the weather is getting colder, the overall atmosphere of the textile market is more subtle. Many textile and printing and dyeing factories have issued holiday notices for the Spring Festival. According to the holiday time of these dyeing factories, according to the situation of last year, this year's holiday time is much earlier than last year. It is understood that in previous years, the holiday was 14 days before the New Year, and most of this year's holiday time was before January, which was about 30 days earlier, a full 2 weeks earlier than last year. In addition to the time when the thermal power plant is shut down, more importantly, it is the contradiction between supply and demand caused by the epidemic. When the market enters the off-season, even if work is stopped, the impact on surrounding areas will be minimal. However, in this situation, the market after the next year seems to encounter the situation of the dyeing factory explosion. Because the end of Shaoxing's control is currently determined on March 15 next year, this is already the year after, and it has entered the tradition. In the peak season "Golden Three", time waits for no one. Textile people are bound to look for printing and dyeing factories with similar prices and quality. As an order diverted from a printing and dyeing base with a production capacity of one-third of the national production capacity, this number is It's hard to imagine. However, after the Spring Festival holiday, the workers have returned to their hometowns for the Chinese New Year. The printing and dyeing factory will encounter a situation where there is a job but a shortage of workers, and the loss of workers has already begun. Due to the frequent outbreaks of epidemics, many places are advocating in-situ. During the New Year, the homesickness of the workers far away was unstoppable, and they were afraid that they would not be able to return to their hometowns later, and their return time was earlier. How will printing and dyeing factories that lack workers and production capacity guarantee their delivery dates? Generally speaking, the dyeing factory will stop entering the warehouse and complete the orders first, so as to ease the orders in their hands. Due to the shrinkage of production orders, the printing and dyeing factories will control the production in the future. Except for a very small number of dyeing factories, they will be out of stock, and some dyeing factories are in a state of insufficient food. On the other hand, it is understood that compared with the same period in the 2020 lunar calendar, the average operating rate of texturing and weaving in Jiangsu and Zhejiang has decreased by 13%-25% year-on-year. After New Year's Day, most of the weaving companies will continue to suspend production for holidays, and a small number of weaving companies with orders will have a holiday in mid-January. Filament stocks are at a high level in the past 5 years. The polyester load may drop further In early December, major polyester factories jointly cut production, and the polyester load quickly dropped to 85% and then remained stable. Constrained by the epidemic's control of logistics, the raw material distribution and cargo turnover efficiency of the polyester plants in Hangzhou, Shaoxing, and Ningbo have declined, and downstream terminal demand has not improved. Some companies have reduced the burden early and even started the Spring Festival holiday. As of the week of December 17, the polyester load dropped from 85.3% to 83.8%. From the perspective of inventory, polyester filament inventory is at a high level in the past five years. In addition, downstream companies have an early holiday, and polyester filament will face greater sales and inventory pressure in the future. Filament profits are not good, and polyester filament companies have a greater probability of subsequent negative declines. The overall inventory of bottle flakes is slowly increasing, and the operating rate is likely to be stable. Although the inventory pressure of staple fiber is the smallest, due to the poor demand of the textile terminal, it will also face the pressure of accumulation in the future, and there is a possibility of reducing the load. According to the current polyester forecasting maintenance equipment, the polyester load may be further reduced. The counterattack of the epidemic Or let this year`s textile market end early The counterattack of the epidemic seems to bring this year`s textile market to an end early. After market research, some companies have stated that as the end of the year is approaching, on the one hand, weaving and clothing companies are suffering from insufficient orders, tight funds, and the spread of the new crown epidemic. Raw materials and fabrics are basically bought as they are used; on the other hand, traders in the textile market of Guangdong, Jiangsu and Zhejiang are less willing to stock up before the Spring Festival, and most of them are operating with withdrawal of funds. In addition, the comprehensive upgrade of air defense in various regions has not only affected the production and orders of labor-intensive enterprises such as weaving, printing and dyeing, and clothing, but also the transportation of raw materials, grey fabrics, and fabrics is also not smooth. With the loneliness of the market at the end of the year, the textile market may start a holiday wave next month! For textile people, it is not easy to receive orders at present. In order to prevent the problems of shortage of workers and long delivery times from being troubled again in the later period, downstream customers have to place orders as soon as possible to avoid affecting the normal delivery cycle.

In Anji, Zhejiang, a thousand-square-meter warehouse, light passed through the door at the end. Against the light, boxes were neatly stacked among them. Inside the boxes were well-packaged office swivel chairs. Li Weiyuan, Chairman of Caberon, walked among them and looked around, but he was always waiting in his heart, waiting for the customer's notice of loading the cabinet...

The epidemic in Zhejiang has not stopped, and the local epidemic in Dongguan, Guangdong, on the 14th, Dongguan City held a press conference on the prevention and control of the new crown pneumonia epidemic to inform the two cases of asymptomatic infection of new crown pneumonia found in Dalang Town.

The new year is approaching. Recently, the market situation in various places has continued, and the overall shortfall is greater than the long. Textile enterprises are facing difficulties in receiving orders. Textile "old problems" Environmental protection production restrictions are here again! Recently, according to market feedback, since December, some finishing factories in Wujiang, Jiangsu Province that have not been certified by the environmental assessment have been forced to suspend production due to environmental issues; and recently, it has been heard that Shengze area requires water spraying and related companies to suspend production for 10 days without a pollution discharge certificate. As an important domestic textile production base, Wujiang area has a large textile market supply. Therefore, the introduction of environmental protection policies in Wujiang area is bound to bring certain fluctuations to the entire textile industry. The temporary suspension of production will have a greater impact on the cloth boss. Looking back on the sudden stop of production of the company in the past few times, the boss of the hit cloth was caught off guard. Weaving, printing and dyeing, and finishing, as the only way for the production and trade of finished fabrics, play a pivotal role. In particular, the production restriction at this node at the end of the year has a certain degree of impact on the entire downstream textile industry. Zhejiang epidemic hits again Increased risk of market order uncertainty! Recently, the epidemic situation in Zhejiang has been acute. Zhejiang`s polyester filament production capacity accounts for more than 70% of the country`s total production capacity, while Ningbo, Shaoxing, and Xiaoshan account for about 28% of the country`s total production capacity. Among them, the texturing enterprises in Ningbo are more concentrated. The circular knitting and printing and dyeing enterprises in Shaoxing area are relatively concentrated. At present, the polyester filament production enterprises in Ningbo area have reduced production, and the rest of the enterprises also expressed that they are considering reducing the load according to the epidemic situation. Some textile companies believe that although the possibility of an outbreak in Zhejiang and other places is unlikely, if a textile company or an operating company is affected by the epidemic, the normal supply and demand circulation of upstream suppliers will be synchronized. Those who have direct or indirect business contacts with the Zhejiang area are currently paying close attention to the dynamic trend of the epidemic and maintaining normal communication with the ordering companies. The Zhejiang epidemic hit again. Due to the improvement of the prevention and control level, the import and export of raw materials and finished products in the weaving factory, and the normal delivery date of the printing and dyeing factory may be affected to varying degrees, which will also increase the risk of market uncertainty. , Which in turn affects the order and production of enterprises. Epidemic limited production, environmental protection shutdown The short-term operating rate may drop rapidly! At the end of November, some polyester companies in Jiangsu and Zhejiang reduced production and insured prices. Although the early-stage reduction and shutdown devices in Jiangsu and Fujian were restarted in early November, and the industry started to increase slightly, some manufacturers have recently reduced production, and the polyester operating rate has dropped to below 80%. At the same time, from the downstream market, this year is a warm winter, and the domestic market for autumn and winter fabrics appears to be particularly light. The inventory of weaving factories continues to rise, and the inventory is relatively large in the vicinity of 2 months. Entering December, foreign trade orders have not improved significantly, and the terminal weaving market has declined. In addition, the recent printing and dyeing factory orders have been significantly reduced, and subsequent or early holidays, the overall production enthusiasm of the weaving factory is not high, and the current operating load of Jiangsu and Zhejiang looms is about 65%. In addition, as the new year approaches, the market is gradually entering the off-season, and the impact of RMB appreciation and other factors on foreign orders cannot be underestimated. It is not uncommon for my country's textile and apparel companies to reject orders and abandon orders due to low profits, short delivery times, soaring freight rates, and "difficult to find one ticket". All in all, in the short term, the Jiangsu and Zhejiang chemical fiber textile market will see a situation of both supply and demand decline, so the expected decline in the industry's operating rate will accelerate significantly.

Recently, a relative of me renovated the house. When they strolled in the market, they saw many businesses recommending "technical cloth". They wanted to see cotton and linen fabrics, but they were moved, so they came to consult me. So, today we take this opportunity to talk about the fabric of "technical cloth". First of all, let's take a look at what the technology cloth looks like: ▲Does this look a bit like Pi? 01/The advent of technology cloth The concept of technology cloth was put forward by Min Wah. On March 16, 2013, they released their new fabric functional sofa products at the Dongguan Furniture Fair. The technology fabric was hailed by them as a "breathing fabric". ▲Early Man Wah's technology cloth products We can see from the picture that the technical fabric has a visual effect like leather in appearance, color, texture, etc. It can be said to be visually no different from leather. And in terms of touch, it also has good skin-friendliness, and the hand feel is better than ordinary fabric materials. Therefore, the fabric is mostly used on sofas, and stands out among many fabric sofas. Once it came out, it has been loved by many people, and now it has become a mainstream product in the sofa market. Of course, the essence of technological cloth is still cloth. As for what cloth is it? In fact, everyone is very familiar with it. The composition of technical cloth is almost all Polyester, which is the familiar "polyester". Just because of various marketing relationships, the name "Science and Technology Cloth" has long been deeply rooted in the hearts of the people. 02/Advantages of technology cloth Unique appearance We have also mentioned above that technical cloth has a unique leather appearance. The appearance design will be more beautiful, and it also has a high-end feel. Affordable The price of technology cloth is not expensive, and the price of fabric sofa is about the same. Therefore, it is a cost-effective fabric for most families. Strong wear resistance, scratch resistance, etc. The abrasion resistance of polyester is second only to nylon and is better than other fibers, with abrasion resistance of more than 100,000 revolutions. At the same time, it is resistant to scratches, water and alkali. In addition, many special properties such as flame retardant, waterproof and breathable are also one of the reasons for its popularity. Excellent anti-aging We all know that the service life of a fabric is related to its anti-aging degree. A common phenomenon is that the coating falls off. Because the air contains moisture, this phenomenon is inevitable. However, according to practical tests, the products of technology cloth can reach 5-10 years and still maintain 4-5 grades. 03/Technology cloth style The variety of styles of technical fabrics is also one of the reasons for its popularity. Next, let's take a look at what styles it has. 1 Oil wax pattern 2 Lambskin 3 Matte texture 4 Lychee cowhide pattern 5 Marbling 6 Sealskin pattern 04/Technology cloth care Vacuum once a week, paying special attention to the dust in the folds. Use dry cleaning methods. Wipe off the stained areas with a clean damp cloth to avoid leaving marks. If there are gums such as chewing gum on the fabric, it can be cooled with an ice pack and gently removed with a fine silk cloth. The knowledge of technology cloth is almost here. In summary, there are reasons why technical fabrics are popular. They are not only beautiful and fashionable, but also cost-effective. For most families, it is indeed a good thing!

As the production capacity of water jet looms was eliminated in Jiangsu and Zhejiang in the past few years, news about the transfer of the weaving industry has been exposed in many ways since the beginning of 19 years. At that time, some people in the industry said that because there were no printing and dyeing plants, chemical fiber plants, and finishing facilities in the central and western regions, the products produced would still return to Jiangsu and Zhejiang for sale. When everyone is still in this kind of thinking, in recent years, news of the landing of several major printing and dyeing projects has been heard one after another, and the trend of the transfer of the entire textile industry has become unstoppable. 750 million printing and dyeing giant marches into Jingzhou, Hubei Recently, heavy news came from Jingzhou, Hubei! Wuhu Fuchun Dyeing and Weaving Co., Ltd., one of the top 30 printing and dyeing enterprises in China, issued an outbound investment announcement on the evening of December 7. , The total investment of the project is about 750 million yuan, which will be constructed in two phases, of which the first phase is about 375 million yuan. According to the announcement, the Fuchun Dyeing and Weaving Project with an annual output of 60,000 tons of high-quality cheese yarn dyeing plans to acquire 220 acres of land in the Textile Printing and Dyeing Circular Economy Industrial Park of Jingzhou Economic Development Zone, Hubei Province, to build a new workshop and supporting facilities of 219,800 square meters, and purchase advanced High-quality cheese dyeing intelligent production line and environmentally friendly production equipment, construction of the Yangtze River water intake and water supply pipeline and comprehensive sewage treatment station, etc. The construction period is expected to be 48 months. The project will be constructed in two phases, including 120 acres in the first phase and 100 acres in the second phase , It is estimated that the total construction period is 24 months. The first phase will be completed in 2024 and the second phase will be completed in 2026. Supporting printing and dyeing in the Midwest Digest the products of printing and dyeing enterprises nearby It is learned that Jingzhou radiates Wuhan, Xiangfan, Yichang and other cities in Hubei Province and Henan, Sichuan, Hunan, Jiangxi and other provinces, with a small transportation radius and is one of the larger cloth distribution centers in the country. The textile and garment industry in Jingzhou and surrounding areas such as Wuhan, Xiangfan, Yichang, and Changde is developed. Only 9 garment manufacturers in Jingzhou have an annual production capacity of more than 7 million pieces. Wuhan, Huangshi and other regions have greater garment production capacity and can be nearby. Digest the products of printing and dyeing enterprises entering the park. Jingzhou is rich in cotton raw materials. The annual output of cotton in the city is more than 125,000 tons (2.5 million quintals), accounting for more than 1/4 of Hubei Province. It has good quality, long fibers and low sugar content. There are more than 100 textile printing and dyeing enterprises above designated size in Jingzhou, with 1.5 million spindles, more than 8,400 cotton looms, and 18 printing and dyeing production lines; an annual output of more than 100,000 tons of cotton yarn, 170 million meters of cotton cloth, 100 million meters of printing and dyeing cloth, and synthetic fibers 15,000 tons, 2,600 tons of woolen fabric, 1 million meters of woolen fabric. The printing and dyeing industry, as an important part of the textile industry, is a key link to improve the technical content and added value of textile and apparel products. The printing and dyeing industry, as an important chain connecting the upstream and downstream of the textile and apparel industry, and a key link to improve the technical content and added value of textile and apparel products, plays an essential role in promoting the development of the textile and apparel industry, and can absorb local labor employment and promote The local society is stable and long-lasting. Fuchun Dyeing and Weaving believes that the construction of the company's 60,000-ton high-quality cheese dyeing construction project is conducive to strengthening, replenishing and extending the chain of the textile printing and dyeing industry in Jingzhou Development Zone, forming a key, distinctive feature, and orderly expansion of space. Undertake the development pattern with high quality and build a modern industrial system with strong competitiveness. The production capacity will be more locally digested The textile market in the Midwest cannot be underestimated In recent years, many textile companies have been expanding their production capacity in inland areas. Not only that, one textile supporting project after another has also continued to land in the central and western regions. Promoting the transfer of industries to the central and western regions is more to respond to changes in the world economy under the impact of the epidemic. According to estimates, from January to September, the export of textiles and garments in the western region of my country grew at an outstanding rate. Among them, Ningxia, Shanxi, Tibet, and Qinghai's textile and apparel export growth from January to September reached 302.3%, 203.3%, 116.2%, and 105.4%, respectively. In the foreseeable future, with the support of printing and dyeing, chemical fiber, clothing and other production capacities, more textile and garment exports will be digested locally, and the export of textiles in the central and western regions will still have full stamina! But looking at the coastal areas, in recent years, environmental protection has almost become a tight curse for coastal textile companies. Recently, power rationing control has been carried out across the country, and the survival pressure of textile companies has also increased. At the same time, the challenges of Southeast Asian trade and the rapid pursuit of textile production capacity in the central and western regions have led to overcapacity and other factors. The coastal textile companies are in a heavy and long way to go. In the future, whether inland or coastal, the development speed of my country's textile industry cannot be underestimated, and competition is becoming more and more fierce with the rapid development of the textile industry in the central and western regions. However, most coastal textile companies are still reluctant to make progress, and their demand is only the original share of the cake. How can these textile bosses have a better life?

Inheriting silk culture, brand-new elements are incorporated into ancient silk, injecting the soul of a new era into traditional culture. Adhering to the traditional production process, the selection of silkworm cocoons, the control of the cocoon cooking temperature, and the control of the pulling force are the crystallization of thousands of years of inherited techniques and condenses the unique wisdom of generations of veteran craftsmen. This is an art in itself, a machine system. It can't be simulated and can't be replaced. About 97% of the ingredients in silk are pure natural animal protein, which is close to human skin, so it has good skin-friendliness and has the reputation of "the second skin of the human body". Its main ingredient is pure natural animal protein fiber, which contains 18 kinds of essential amino acids for the human body, which has the effects of dehumidification, soothing, nourishing and balancing human skin. It can increase human vitality and slow down aging. As the saying goes, "one catty of silk is three catties of cotton", about 38% of the inside of the silk is hollow, which can play a very good thermal insulation effect, and the silk quilt has a long service life, generally can be used for 15-20 years! ! Lie on the bed, let the soft quilt wrap gently, and fall asleep peacefully in the cloud-like thoughtfulness and comfort. When a warm sleep wakes up, the sun shines into the room and also illuminates the atrium. The origin of silK Lei ancestor-the founder of sericulture and silk reeling in myths and legends, is the great mother of the Chinese nation and the founder of Chinese civilization recorded in historical records, and is known as the "humanistic ancestor" and "the glorious model of oriental female culture" "! It can be said that respecting our great mother means respecting the "humanistic grandfather"-Lei Zu. Silk production process In terms of the craftsmanship of silk production, the selection of cocoons, the control of the cocoon cooking temperature, and the control of the pulling force are all condensed with the unique wisdom of generations of veteran craftsmen. 01 Cocoon Selection There are two main types of silk currently on the market: Mulberry silk and Tussah silk. Look at the color: Mulberry silk is the kind of soft white with a lustrous luster, just like the white of the skin; tussah silk is pale yellow when it is not bleached, and it is pale white after bleaching, lacking luster. Feeling: The mulberry silk has a slightly astringent feel, which is the feeling of friction between the skin and the skin; the tussah silk feels more rough and has some knots. 02Cooking cocoons Put it in a special container and boil it. This is also a degreasing process. In the end, most of the sericin on the surface falls off and the weight of the silk is reduced by half. After degreasing, the silk quilt is not easy to compact and can be turned over. Cooking cocoons is very particular. First of all, the time must be mastered. Too bad cooking will make the quilt not strong. If it is too raw, it will affect the processing, and the finished product will also have raw lumps. 03 Peel the cocoon Peel the silkworm cocoon with your fingernails to take out the silkworm pupa, spread the cocoon and put it on your hand, remove the silkworm pupa and its black part, stack it to 5-6 layers, remove and gently pull it into a small square silk piece, superior double palace The cocoon can be pulled into a small piece by dialing about 5 cocoons in the hand. This process is best performed in clean flowing water. 04 open cotton To open means to stretch out, and to stretch out, and cotton means silk and cotton pockets. Put the small pieces of silk on a bow-shaped bamboo tool, fold it to 5-6 layers and remove it to form a wet mulberry silk pocket. 05 drying cotton Use a dehydrator to remove the moisture from the wet silk floss pockets, then string them with nylon thread and let them dry in the sun. 06 Stretch Firstly, one of the dried semi-circular cotton pockets was torn open a notch and pulled into a piece of cotton. Then four people pulled the four ends of the piece of cotton and pulled the piece of cotton into layers of silk. It should be in accordance with the density requirements, not strong or weak, and not hurriedly or slowly. It can be considered as soft and soft as "even as paper" and "clear as jade". This step is very time-consuming and requires endurance. Generally, about 35 silk cotton pockets only stretch 1 catty of silk quilt. A silk quilt requires about 25 double cocoons. In other words, a catty of silk quilt requires more than 800 double cocoons, and a catty and a half of silk quilt consumes thousands of double cocoons. The preciousness of silk quilt lies in its hard-won. 07 Turn over the quilt Lay the stretched soft silk floss layer by layer to form a quilt, and then use cotton or silk as a quilt cover or quilt cover. When putting the quilt core into the quilt cover, you must first fix the thread around the inner periphery and turn it over. The top of the quilt should also be properly positioned to ensure that the silk quilt will not slide and deform. 08 manual positioning Fix the silk and the quilt together to prevent the silk from sliding in the quilt, so that a handmade silk quilt is basically completed. The beautiful meaning of silk quilt "Silkworm" means long-lasting, and "silk" means wishful thinking. It represents the good blessings of parents to their daughter's marriage, and it is also an interpretation of emotional accumulation. A silk quilt known as the "being nobleman". It has always been favored by parents. In ancient times, it was used as a "dowry". These advantages of silk quilt Close to the body without pressing on the body Mulberry silk, which combines lightness, softness and fineness, is known as the "second skin". The density of silk is small, it fits the skin and gives you a sleepy feeling of "softness and nothing". Breathable and constant temperature. The fiber of mulberry silk has a porous structure, which can adjust the temperature in both directions. It keeps warm in winter and exhausts heat in summer. It has the characteristics of "warm in winter and cool in summer". The porous structure makes it easy for water molecules to diffuse and absorb, so that the silk quilt has good moisture retention. Anti-mite and antibacterial Mulberry silk is a pure natural animal protein fiber, which basically does not absorb dust, bacteria and other fine particles due to static electricity, which can reduce the accumulation of allergic substances. Give you a fresh and clean sleeping environment.

Have you ever entered a store and felt an unstoppable desire to buy? Do you refuse to try a meal because the color does not match your preference? Is it difficult to sleep because of the color of the sheets? Our personal experience has proved that color has an important influence on our psychological activities, especially with emotions. Everyone should pay attention to the influence of color on emotions, not only determines your love and dislike of things, Because people`s emotions are diverse, the wavelengths of light emitted by different colors are different, When the human eye sees different colors, the brain nerves react and associate differently. Today, we start with the choice of bed sheets. Regardless of the material of the bed sheets and other factors, many of us choose the color of the bed sheets we like. But in fact, these sheets of different colors are inadvertently affecting your mood and even your health! Orange sheets-use with caution during weight loss Orange sheets can induce appetite, invigorate people, and feel happy. For friends who are losing weight, they must be used with caution. But for the elderly, inducing appetite can promote calcium absorption, orange sheets are a better choice! Blue sheets-suitable for white-collar office workers The blue color makes people feel quiet and helps relieve symptoms such as headaches, fever, and insomnia. If the owner of the room suffers from high blood pressure or heart disease, it is best to put on light blue sheets to help the blood pressure drop and the pulse to return to normal. In addition, blue is also suitable for white-collar workers who overuse their brains. Red bed sheet-not for patients with insomnia, neurasthenia, etc. For the Chinese, red means celebration. Newlyweds should choose red. While adding celebration, it can stimulate the nervous system, increase adrenaline secretion, and enhance blood circulation. But long-term use of red can make people feel anxious. Therefore, patients with insomnia, neurasthenia, and cardiovascular disease should not use red bed sheets or decorate their homes to avoid aggravating the condition. Tender green sheets-suitable for those who are easily emotionally anxious People who are emotionally unstable and easily irritable should use tender green bedspreads in their rooms to relax their minds and relieve tension. Generally speaking, the colors of bed sheets are mostly light colors. Pink sheets-suitable for autistic and mentally depressed people Let an angry person see pink, and the mood will quickly calm down, because pink can reduce the secretion of adrenal hormones, thereby stabilizing the mood. Those with autism and mental depression may wish to choose pink bedspreads. Purple bed sheets-use with caution for heart patients Purple can maintain the balance of potassium in the body and has a soothing effect, but it has a depressive effect on the motor nerve and the heart system. Therefore, patients with heart disease should use purple bed sheets with caution. In addition to our own factors that determine our choice of bed sheet color, the temperature drops in autumn and winter, and the weather is cold, so the color of bed sheets should tend to be warmer. In the spring and summer, the temperature is relatively high, and the color of the bed sheets should be fresh, elegant and cool. Many friends may not care too much about the color of the sheets. Although the problem is small, if you sleep on sheets that are not suitable for you for a long time, our emotions, living habits, and physical conditions will be affected inadvertently. Over time, serious problems will appear. Problem, so everyone should pay attention to it!

The heart of Saudi Arabia, the needle on the bottom of the sea, is really hard to guess. At the OPEC+ meeting last Thursday, Saudi Arabia seemed to let the United States go and promised to increase crude oil production by 400,000 barrels per day as originally planned. Everyone shook hands and laughed and talked about it. But if you turn your head, Saudi Arabia will immediately adjust the price of oil. . Just recently, the world`s largest oil producer, Saudi Aramco, announced an increase in the price of oil in the United States and Asia in January next year. Among them, the price increased by 60 cents to Asian buyers, and sold to the level of 3.30 US dollars per barrel, which is since the outbreak of the new crown epidemic. The most expensive price. At the same time, Saudi Arabia has increased prices by 40-60 cents to American buyers, but it has given special treatment to European buyers. Instead of increasing prices, they have reduced prices. At this moment, the United States and other countries are not happy, thinking that Saudi Arabia is playing with them, first to give them a taste, and then to give them some colors. It is no wonder that before the United States, Japan, South Korea, India and other countries jointly sold strategic oil reserves, Saudi Arabia has already put a note on a small book, waiting to settle accounts with them. More than 60% of Saudi crude oil is exported to Asia. South Korea, Japan, India and other countries are its biggest buyers. This time Saudi Arabia's increase in oil prices for the United States and Asia is a small "lesson". In addition, the official price of Saudi Aramco is the weather vane of the oil market. The big brothers have released a bullish signal, and other brothers will follow suit. On Monday, the international oil price rose by more than 1 US dollar per barrel. It is interesting to note that although OPEC+ says it will gradually increase production every month, it is "cutting corners". Citi has calculated that OPEC+ cannot fulfill its promise to increase production by 400,000 barrels per day due to insufficient investment. In fact, this figure is 26.2. Ten thousand barrels per day. In this context, JPMorgan Chase is optimistic about oil prices, believing that oil per barrel can rise to US$125 next year, and to US$150 the next year.

Since the outbreak of the epidemic, the shipping industry has faced unprecedented challenges. Ports are congested, lack of containers, hard to find a container, and freight rates have skyrocketed, and major routes have experienced skyrocketing increases. After experiencing the previous decline in freight rates on some routes, many foreign traders are still looking forward to further decline in freight rates... Sea freight in Southeast Asia continues to rise, with the highest soaring over 5 times The Southeast Asian market can be said to be a sudden change. Since October, the Southeast Asian shipping market has continued to increase the freight rates of the US routes. The freight rates of almost all major ports in Southeast Asia have generally increased nearly doubled in just one month! Recently, taking South China to Ho Chi Minh Port as an example, from the end of October to the beginning of December, one month before and after, the ocean freight for a 40-foot container has risen from about US$500 to the line of US$2,000 to US$2,500, the highest increase is as much as 5 times. ! It is understood that the recent rapid increase in freight rates in Southeast Asia may be related to the cancellation of multiple flights in Southeast Asia, lack of vessel frequency, and congestion in some Southeast Asian ports. In addition to the slowdown of the epidemic in Southeast Asia in the past two months, the requirements for epidemic prevention measures for manufacturing companies have begun to relax, and factories have resumed production and manufacturing has resumed, resulting in a strong demand for shipping and air transportation in the region! The combination of various reasons finally promoted the collective rise of the Southeast Asian shipping market! In view of the current market situation in Southeast Asia where space is still tight and freight rates continue to rise, many forwarders have issued warnings to customers exporting to the Southeast Asian market. No matter what the earliest market price is, they can leave this week because the highest price this week is next week. The lowest price. The tight shipping capacity and the strong demand have not only caused the major shipping companies to continue to increase their freight rates, but already shipping companies have quickly turned the container shipping capacity from the congested West Coast to the Asian line! Long-term contract ocean freight is soaring! Yang Ming said that in 2022, the price of European line long-term contracts will increase by 2-3 times With the impact of the epidemic and global supply chain congestion, the shipping market is becoming increasingly tense. Recently, shipping data analysis company Xeneta said that carriers who wish to lock in long-term shipping contracts will face severe price shocks this month. According to Xeneta's statistics, in November alone, the global average long-term contract shipping price rose by 16%, a cumulative increase of 121% year-on-year. Prior to this, in July, the long-term freight rates of all major shipping routes had risen sharply, reaching a record increase of 28%. The soaring freight rates have brought huge profits to the shipping industry, and many of them have doubled (or even tripled) their revenue year-on-year. The shipping industry made more than $100 billion in profits in the first nine months of this year. This is more than the total revenue of the entire industry in the past 5 years. Recently, Yangming Shipping held a performance briefing meeting and said that Yangming Shipping is optimistic about the market next year and has begun to negotiate with customers for a long-term European line contract next year. It is expected that the price of the new long-term contract is expected to increase by 2 to 3 times. Recently, Yangming Shipping held a performance briefing and stated that due to port congestion and lack of work this year, the cargo volume in the first three quarters decreased by 10% from the same period last year to 3.31 million TEU. However, due to the high freight rate, the cumulative profit in the first three quarters was still the previous year. New high, reaching NT$109.887 billion (approximately RMB 25.209 billion). Among them, the largest revenue contribution is the European line, accounting for 44%, followed by the US line 32%, and the Asian line 24% (including the Middle East, South America, and Australia). Looking to the future, Yangming Shipping said that it usually takes about a year to sign. At present, the spot freight rate of the European line fluctuates at a high level of 13-1.5 million US dollars/FEU, which is much higher than the contract price, and the spread is 2 to 4 times. Yangming Shipping has successively negotiated with customers for the long-term contract for next year, and believes that the long-term contract rate in the new year "increases by 2 to 3 times should be no problem." In the current peak season, with multiple adverse factors such as serious port clogging and unstable shipping schedules, the shipping situation is still tight.

On December 1, Ningbo Zhoushan Port Co., Ltd. issued a price increase notice on its official website: In order to further straighten out port charges, according to the "Port Charges and Billing Measures" of the Ministry of Transport, the National Development and Reform Commission, and the list of Ningbo Port Charges and Lists , Implement adjustments on the basis of the original "List of Charges for Foreign Trade Import and Export Container Ports of Ningbo Zhoushan Port". The new catalogue list will be implemented from January 1, 2022. In the port charge catalog list released by the company in June 2020, the terminal loading and unloading fees are 490 yuan/20 feet heavy container, 751 yuan/40 feet heavy container, and the new standards are 539 yuan/20 feet heavy container and 826 yuan/40 feet heavy container. The loading and unloading prices are adjusted as follows: Before this adjustment, the charging standards for loading and unloading ships are shown in the figure After this adjustment, the charging standard is as shown in the figure In other words, compared with the pre-adjusted standard, the port charges for the 20-foot and 40-foot empty container loading and unloading of the ship, the new standard has achieved an increase of about 10%. Why does the port increase the loading and unloading fees? First, the loading and unloading fees of Chinese ports are already at a relatively low level. Comparison of Container Loading and Unloading Operation Fees in Major Ports at Home and Abroad Data source: Research by China Port Association; Unit: Yuan/TEU Secondly, the increase in loading and unloading fees this time is the result of the interlocking forces of internal and external factors. From the perspective of internal factors, the cost of terminal production and expansion has increased year by year. Specifically, first, the current strict reclamation control measures and environmental protection requirements have led to the increase in port construction and operating costs; second, the increase in labor, infrastructure, and raw material prices; It was a sudden outbreak of the epidemic, and the cost of epidemic prevention suddenly increased. Port enterprises and employees have spent huge amounts of money, material and manpower in the epidemic prevention regulations and the special shift system. In terms of external factors, after 2021, shipping prices will continue to rise under the influence of multiple factors such as poor supply chains, congestion in the US West Port, and congestion in the Suez Canal. This wave of cyclical dividends in the industry has also spilled over to related markets such as freight forwarding, ship chartering, container leasing, and container building. All parties involved in the entire chain, except for ports, have made a lot of money. According to the previous analysis of the port circle, after the outbreak of the new crown epidemic, even if the final result of the shipping company is to profit from it, in the process there are still intractable diseases such as port jump and drop in the on-time rate. A handful of sugar is still mixed with glass slag. . Foreign ports are even less resilient, and are directly "broken." There is no way before they can resume normal operations. Chinese ports have maintained an efficient level of loading and unloading under the same circumstances. If we hope that the entire supply chain will operate steadily in the face of sudden incidents and severe market fluctuations, it will be everyone's common choice for shipping companies to transfer part of the dividends and go hand in hand with the port. Other ports have hope to follow in foreign trade container loading and unloading fees The recent port policy has a tendency of marginal improvement. On November 18, the State Council approved the temporary adjustment and implementation of relevant administrative regulations in the Lingang New Area of the China (Shanghai) Pilot Free Trade Zone, and the coastal piggyback business of foreign trade containers between Dalian, Tianjin, Qingdao Port and Shanghai Yangshan Port Area , Open to international liner companies in foreign countries, Hong Kong and Macau Special Administrative Regions. In reviewing history, shipping prosperity will be transmitted to the port. Shenwan Hongyuan's research believes that the adjustment of Ningbo Zhoushan Port's loading and unloading charges is just the beginning. Overseas terminals have achieved an increase in single container revenue. Maersk`s APM Terminal, single TEU terminal business revenue increased by 10.7%, 2017-2020 were 18%, 21%, 28%, 32%. Affected by the anti-monopoly review in 2017, some domestic ports have not officially raised their catalog prices. The price adjustment of Ningbo Zhoushan Port is the beginning of the transmission of shipping prosperity to domestic ports. The catalog price adjustment of Ningbo Zhoushan Port this time is limited to foreign trade containers. Shenwan Hongyuan believes that after the price adjustment of Ningbo Zhoushan Port, other ports have hope to follow in foreign trade container loading and unloading fees. At present, it is circulated in the industry circle that SIPG will make appropriate adjustments to the loading and unloading fees in 2022. It has not been confirmed. All official notifications shall prevail.

Banana is one of people's favorite fruits, and it is called "happy fruit" and "fruit of wisdom". There are 130 countries in the world that cultivate bananas, with Central America producing the most, followed by Asia. More than 2 million tons of banana stalks are discarded every year in China alone, causing a huge waste of resources. However, in recent years, banana stems have no longer been discarded, and the use of banana stems to extract textile fiber (banana fiber) has become a hot topic. Banana fiber uses banana stems as raw materials and is mainly composed of cellulose, hemicellulose and lignin. The chemically degummed fiber can be used for cotton spinning. The fiber is processed by the combined treatment process of biological enzyme and chemical oxidation, dried, refined, and defibrated. It has the functions of light weight, good gloss, high water absorption, strong antibacterial property, easy degradation and environmental protection. The use of banana fiber to make fabrics is nothing new. In Japan in the early 13th century, people began to extract fiber from the stems of banana trees to make fabrics. However, with the rise of cotton and silk in China and India, the technology of making fabrics with bananas as raw materials has gradually disappeared. Banana fiber is one of the strongest fibers in the world. This biodegradable natural fiber is very durable. Banana fiber can be made into different fabrics and textiles according to the different weight and thickness of different parts of the banana stem. The strong and thick fiber is extracted from the outer sheath, and the soft fiber is mostly extracted from the inner sheath.

Crude oil plummeted, driving the entire petrochemical industry to "disaster green" all the way! Polyester raw materials are about to usher in a plunge again! The downstream has no choice but to take a holiday: the company has 0 orders, so let's find a new way ahead of time! Crude oil plunges 13% Thermal coal directly drops to the limit! Polyester raw materials follow the fall! Not long ago, the United States released more than 60 million barrels of crude oil reserves with multiple countries, and crude oil rose instead of falling. However, just last Friday, crude oil staged a night of terror! International oil prices plummeted by more than 10%! New York crude oil fell below US$70/barrel for the first time since the end of September, a decrease of 13.04%, and returned to 3 months ago overnight; Brent crude oil approached 70 yuan/barrel, a decrease of 11.27%; the main Shanghai crude oil futures contract fell to its limit last night. A drop of 8.01%, reported 464.1 yuan / barrel. It was the biggest closing drop since April 21, 2020, and Hemei Oil both hit a new closing low since September 9 this year. Even the three coal brothers, another major upstream, did not escape. After the Price Department of the National Development and Reform Commission conducted a special survey on improving the coal market price formation mechanism, the sentiment of the coal futures market has diminished, and the thermal coal has directly fallen to the limit! The plummet of crude oil and thermal coal has directly driven the "green" of the entire industrial chain! The polyester market is naturally unavoidable. Among them, as of November 30, PTA futures fell more than 8% on the 3rd, and ethylene glycol fell 7%. Polyester filament weighs heavily on "bad green" Downstream: It's useless if it falls, there is no order at all Raw material futures have fallen so miserably, the downstream market is naturally inevitable! The polyester filament market has also been dragged down again. The price has recovered after the industry's joint production reduction measures, but it is difficult to resist the sharp drop in raw materials. On the 29th, some polyester factories once again opened a large price cut of 100-300 yuan/ton! The "roller coaster"-style market caught textile people a bit unprepared and unbearable. But the price drop is not the worst. The worst is that the prices of polyester filaments and grey fabrics have fallen, but production and sales are still light, and no one buys them! However, bad news came from the market frenzy. The power curtailment policy was relaxed, the price of raw materials was adjusted, and the downstream operating rate was liberalized... But downstream bosses are also having trouble, because orders have also decreased. "I didn't know until I went to work. It will be a holiday on November 25..." A notice, how many bitter tears! A garment manufacturer in Guangdong issued a notice recently: holiday! In addition, recently, a manufacturing company issued a notice stating that because of the serious lack of reasons for receiving orders, the company will take annual leave in advance from December 1st, and the start time is yet to be determined!

Scientists at Harvard University have developed a new type of "super fiber", which is not only as impact-resistant as Kevlar fiber, but also resistant to extreme high and low temperatures, and its barrier performance is 20 times that of its alternatives. People have had a deeper understanding of the nature of Kevlar, especially in the application of protective equipment such as bulletproof vests. But for firefighting, military, and aerospace practitioners, the new materials developed by Harvard take into account the excellent temperature insulation effect. It is reported that in order to create this new material with impact resistance comparable to Kevlar but with super heat insulation properties, the research team has developed a new long, strong and porous nanofiber to improve heat dissipation performance and reduce diffusion. Traditional fiber Kevlar and Twaron are famous tough materials whose protective properties come from their molecular structure. For mechanical strikes, such as bulletproof vests, the material exhibits a highly ordered structure, allowing it to redistribute force. Senior author Kit Parker said in a statement that during the war in Afghanistan, he witnessed how body armor saves lives and was aware of the limitations imposed by heavy body armor on soldiers' mobility. Soldiers on the battlefield need to constantly move, shoot, and communicate. If one of them is restricted, it will reduce the survivability of the soldiers and even lead to mission failure. New "Super Fiber" Normally, due to the basic properties of materials, it has been difficult to design equipment to protect limbs from extreme temperatures and the lethal projectiles that accompany explosions. Materials strong enough to withstand ballistic threats cannot withstand extreme temperatures, and vice versa. Most of today's protective equipment is composed of multiple layers of different materials, resulting in heavy and heavy equipment. If worn on the arms and legs, it will severely limit the soldier's ability to move. Therefore, the team combined the two types of materials into one. The insulation material has a more porous structure, which can minimize the amount of heat passing through. The team synthesized a para-aramid fiberboard by using an immersed rotating jet spinning platform (iRJS). It aligns the para-aramid fibers along the direction of the mechanical load of the aerogel. Oriented para-aramid fibers can effectively cope with mechanical stress, while the porous network structure can limit thermal diffusion without compromising structural functions. ▲Working diagram ▲Insulation demonstration Fragmentation tests show that the ballistic performance of this non-woven pAFS is comparable to commercial ballistic textiles. In addition, the thermal conductivity of pAFS is very low. Compared with the commercially available para-aramid, its thermal insulation performance is increased by 20 times. The first research work Grant M. Gonzalez explained: Through this improvement, we have broken the boundaries of possible and moved towards a new direction of new multifunctional materials. Looking to the future, the new "super materials" are expected to provide individuals including firefighters, soldiers, and astronauts with better protection solutions in extreme environments.

In November, the domestic polyester staple fiber prices almost fell unilaterally, with only a short-lived weak rebound in the early part of the second half of the period. According to the price test of the business agency, the average domestic spot market price of polyester staple fiber was 7,185 yuan/ton on November 30, which was 11.73% lower than the price at the beginning of the month and 25.00% higher than the same period last year. In the futures market, the main staple fiber futures (2201) at the end of the month closed at 6510, down 10.53% from the beginning of the month. The main factors affecting the price of domestic polyester staple fiber in November are as follows: First, the cost has fallen sharply. This month, international crude oil prices fell sharply due to the release of oil reserves from the United States and the impact of the spread of the latest mutant strain "Omi Keron". At the end of the month, WTI New York crude oil CFD barely closed below 67, a drop of nearly 20% throughout the month. The prices of raw materials PTA and ethylene glycol have fallen sharply, and both the current and futures prices have fallen by more than 10%; second, the demand is sluggish. The downstream yarn and weaving market orders are still weak. Affected by this, the polyester factory also plans to reduce production by 20% in the second half of the year. The third is the rebound in supply. This month, the domestic electricity curtailment policy was basically cancelled, and the short-fiber maintenance devices in the early stage were restarted one after another, and the start-up rebounded. The tight supply and demand in the early stage improved, and the inventory was slowly accumulated. In addition, the new Fengming Zhonglei staple fiber device has been released in the middle of this month. Factors affecting prices In November, domestic PTA prices fluctuated and fell sharply. As of November 30, the average domestic spot market price was 4447 yuan/ton, a 13.21% month-on-month drop and a year-on-year increase of 34.35%. In the futures market, the main PTA futures 2201 at the end of the month closed at 4420 yuan/ton, a drop of 14.27% from the beginning of the month. In November, the international crude oil prices fell sharply, causing the PTA cost end support to collapse. In November, PTA device restart and overhaul coexist, and the current industry operating rate is around 80%. With the continuous restart of overhaul devices, the spot supply is sufficient, and the market maintains a state of accumulated inventory. In November, domestic ethylene glycol prices fell sharply following the trend of coal. As of November 30, the average price of ethylene glycol in North China was 5241 yuan/ton, down 10.65% from the beginning of the month and up 37.94% year-on-year. In the futures market, 2201, the main force of ethylene glycol futures at the end of the month, closed at 4863 yuan/ton, a drop of 11.28% from the beginning of the month. This month's decline in ethylene glycol is the main theme, and the reason is closely related to the sharp drop in coal prices. The chemical industry market as a whole deviated from the fundamentals under the previous capital manipulation, and excessive fanatical speculation triggered policy intervention. The market gradually returned to rationality. Ethylene prices also weakened slightly, and the cost side was under pressure. The performance of terminal demand orders was not good, PTA continued to gradually enter the inventory cycle, and the production reduction plan of the polyester factory was implemented, but at the same time, there were some equipment maintenance, and the demand side was mixed. However, the current production of ethylene glycol has been at a loss. If the price continues to decline, it will dampen the enthusiasm of enterprises for production, so the downside space is limited. In November, the domestic pure polyester yarn market quotations steadily fell, and were generally stable. As of November 30, the average spot market price of 32S polyester yarn in Shandong was about 14,825 yuan/ton, down 50 yuan/ton from last week, and 100 yuan/ton higher than the price at the beginning of the month (14725 yuan/ton). According to some market participants, the transaction volume has not improved compared with the previous period, and the mentality of trading merchants is mostly weak. The inventory of pure polyester yarn manufacturers continues to increase, and the shipment psychology is strong. Market outlook forecast At present, the new mutant strain "Omi Keron" will still seriously affect the crude oil market. Coupled with the release of domestic coal production capacity, the cost of staple fiber raw materials PTA and ethylene glycol will continue to fall. It is expected that polyester staple fiber will remain weak and fluctuating in December. Do not rule out the possibility of a rebound after crude oil stabilizes. Pay attention to the price of raw materials and changes in terminal demand.

After the termination of the major asset reorganization, the troubled Ruyi Group (002193) is still looking for a way out. The announcement on the evening of December 1st showed that the company intends to enter the high-end fiber new material industry through asset replacement. Replace assets and enter a new industry The announcement shows that Ruyi Group and its wholly-owned subsidiary Jining Ruyi New Material Technology Co., Ltd. intend to use part of the accounts receivable and inventories as assets to be placed, and the company's affiliate Francis Ning Ruyi Wanzhong Venture Capital Management Partnership (Limited Partnership) holds Lycra Part of the equity of New Materials (Foshan) Co., Ltd. undergoes asset replacement. The assets proposed this time are part of the accounts receivable and inventory of Ruyi Group and Ruyi New Materials. The original book value is 984 million yuan, of which the original book value of accounts receivable is 736 million yuan, and the original book value of inventory is 248 million yuan. . The proposed assets are 984 million yuan worth of equity held by Foshan Lycra held by Wanzhong Entrepreneur. According to the announcement, Foshan Lycra was established in Foshan City, Guangdong Province on August 3, 2021. The legal representative is Qiu Chenran (a person acting in concert with Qiu Yafu, the actual controller of Ruyi Group). The initial registered capital is 500 million yuan, Chuanglai Fiber holds 65% of the shares, and Wanzhong Venture holds 35% of the shares. The main business is the promotion of new material technology, synthetic fiber manufacturing, bio-based material manufacturing, and synthetic material manufacturing. The original shareholders increased the capital of Foshan Lycra with land, plant, equipment and other fixed assets, intangible assets and related businesses used for production and operation. At the same time, the company pointed out in the announcement that after the capital increase is completed, Foshan Lycra can achieve a net profit of about 300 million yuan per year. Regarding the asset replacement, Ruyi Group stated that the asset replacement can improve the company's asset structure, solve the remaining problems of accounts receivable, enter the high-end fiber material industry, and enhance the company's continued profitability. Loss, freezing of shares, the crisis of Ruyi Group It is reported that the predecessor of Ruyi Group was the Jining Wool Textile Factory established in 1972. It was restructured into a company limited by shares in December 1993. It was listed on the Shenzhen Stock Exchange in December 2007. It is a company that specializes in the design and production of worsted woolen fabrics and garments. , A large-scale textile and apparel group integrating sales. Establish offices, storage centers and marketing agencies in more than 20 countries and regions around the world, covering six continents in the world. It is also the first enterprise in the industry to win the first prize of National Science and Technology Progress Award. The related party Ruyi Fashion also ranked first in the 2017-2018 China Top 500 Textile and Apparel Enterprises Competitiveness List, occupying a pivotal position in the industry. However, as the major shareholder Ruyi Technology Group's debt crisis broke out, Ruyi Group was also affected, and the momentum came to an abrupt end. In 2019, Ruyi Group's net profit fell by 51% year-on-year. Coupled with the epidemic, the company has become more and more difficult. In 2020, the company's net profit will drop by 89% year-on-year; in the third quarter of 2021, the company's operating income for the first three quarters was only 428 million yuan, a year-on-year decrease of 15.91%; the net profit attributable to the parent was -43,296,300 yuan, A year-on-year decrease of 309.82%. The third quarterly report of this year also showed that as of the end of the reporting period, the 60,514,700 shares held by the major shareholder Ruyi Technology Group had been pledged and frozen; the shares held by Ruyi Technology Co., Ltd., Ruyi Wool Textile Group and Shandong Jining Ruyi Import and Export Co., Ltd., also held almost All are frozen. In October of this year, Ruyi Group planned to purchase Jining Ruyi Brand Investment Holdings Co., Ltd. for more than two years of major asset restructuring and also announced its termination. Among the reasons for the termination, Ruyi Group stated that due to the large number of overseas operating entities of the target company, it is more difficult for the company and its intermediary agencies to carry out various tasks due to the impact of the overseas new coronary pulmonary epidemic. Based on the current market environment, after friendly negotiation with the counterparty, and after careful research, the company decided to terminate the planning of this major asset reorganization. Set up a debt committee to solve liquidity problems In addition, in the recent investor online reception day event, Ruyi Group stated that the establishment of a debt committee by Ruyi Technology Group did not have an adverse effect on the company's production and operation. The company has joined the creditor committee of provincial banking financial institutions with Ruyi Technology Group. The member units of the debt committee have agreed to implement an interest rate reduction plan for Ruyi Technology and related companies to stabilize the financing scale, implement debt extension, interest rate reduction, and set buffers for a three-year period. To solve the debt problem in a period of time, etc., all bank debts of the company have been included in the scope of the debt committee's reconciliation. Ruyi Technology Group has started the listing of related high-quality assets and will solve liquidity problems through asset securitization; Ruyi Technology Group and its subsidiaries are operating normally, and the steady growth of main business income and profitability will further enhance the company's future cash repayments At the same time, the company will accelerate the introduction of strategic investors, and actively raise funds through various channels to solve liquidity problems.

In November, the textile off-season atmosphere became stronger and the market entered the traditional off-season. Prices fell, but there was still no one to pick up the goods. As the upstream of the textile industry, polyester companies can't hold on and start to lose money, so they can only reduce and stop production to insure their prices. According to market news, last Thursday, the four major polyester companies reported production cuts and price-guaranteed news, involving 23 million tons of polyester production capacity, accounting for more than 30% of the total polyester production capacity, and the current plan to reduce production by 25%. The main reasons for the reduction in production of several major polyester companies are the lack of profits and the recent excessive decline in products. It is reported that since October, the price of polyester filament has been in a downward channel, and occasional news has stimulated the increase, but it does not continue. Without substantial support from the terminal, the price of polyester will not improve. Especially now that the textile market has entered the traditional off-season, the price of polyester yarn has started to fall, fall, and fall again. The extent of the production cut remains to be seen The market is concerned about the possibility of subsequent large-scale production cuts At present, the extent of the reduction in production of polyester enterprises remains to be seen. For polyester factories, under the current predicament, the only way to alleviate the contradictions is to restrict production. Some netizens calculate the details as follows, you may wish to make a reference: according to the total maintenance of Hengyi plus other factories 220W + 300W = 550W. Among them, Hengyi is calculated by full inspection, that is, 220W will be shut down for 1 month from November 28; other factories are calculated by round inspection, that is, 300W will be divided into two batches from November 28, 150W and then 150W, each for 20 days . After the concentrated production reduction was restored in early January, the maintenance efforts during the Spring Festival were still carried out as originally planned. As a result, the polyester load from December to January was adjusted to 82.7%-82.8% (previously 88-83% from December to January)". According to industry insiders, there have been many joint production cuts in the polyester factories in the early stage, but the results were not good. After all, the production cuts will not change the real demand of the terminal. At present, the news has attracted widespread attention mainly because the current polyester market situation is relatively pessimistic, and the market is worried about the possibility of a large-scale production reduction in the future. However, the reduction in production of polyester enterprises will undoubtedly affect the demand for polyester raw materials in December. If production restrictions continue to be expanded in the future, and the start of work will drop more significantly, then the contradiction between supply and demand of polyester will be transferred to PTA and ethylene glycol to a certain extent. superior. From the trend of the spot and futures of PTA and ethylene glycol upstream of polyester on Friday, it is not difficult to see that the mentality of the entire industry chain is relatively pessimistic, and it is difficult to reverse it in the short term. The industry generally responds to too much pressure in the terminal weaving link Unwilling to receive the goods! For the textile market in recent years, the new crown pneumonia epidemic has disrupted the production rhythm of domestic apparel companies. The export orders are poor, and the domestic trade market is not optimistic. The long off-season makes it difficult for the entire industrial chain to bear its weight. In the past, September and October were affected by overseas "Christmas season" and domestic "Double Eleven" and "Double Twelve" orders, and there will be a wave of order peaks. However, this year, affected by high ocean freight rates and weak domestic demand, orders in September were relatively bleak, and orders in October have missed a wave of ordering seasons due to power restrictions and production restrictions. Recently, the market has returned to a familiar scene: growing concerns about a mutated new coronavirus. The BBC reported on November 26 that scientists described B.1.1.529 as "terrible" and the worst mutant virus they have ever seen. On November 26, local time, the WHO held an emergency meeting and issued a statement, listing the new coronavirus mutant strain B.1.1.529 as a "mutant strain that needs attention" and named it Omicron (Omicron). "Variants that need attention" are the highest level of WHO. Among them, there are currently four strains of the highest grade VOC, and the well-known Delta mutant strain is one of them. After the emergence of the new strain, oil prices, European and American stock markets plummeted. The emergence of Omicron brought the panic index to its highest level in nearly two months. It coincided with the traditional American holiday Thanksgiving, and European and American investors encountered an unusually tragic "Black Friday." Therefore, the current order and start of the terminal market is still not optimistic, and the market is relatively thin. Before the terminal demand has changed significantly, production and sales are booming or a kind of impulsive "short-lived", mostly for the stocking needs of downstream enterprises, and high production and sales may be difficult to sustain for a long time. Now that Double Eleven has passed, the last wave of the domestic market at the end of the year has also passed, and the number of replenishment orders for the later Double Eleven is less; export orders are raging again due to the new virus, and orders are also at risk. At the same time, the cash flow demand of textile enterprises is entering the end of the year. The increase requires payment of spare parts, utility bills, wages, bonuses, loans and interest. Some companies have adopted methods such as dumping inventories and realizing quickly to maintain production. The desire to purchase raw materials will become more cautious. Later editors feel that the current development of the market mainly depends on the continuation of the production reduction of the polyester factory in the later period, the downstream power curtailment and the consideration of the volatility of the overseas epidemic.