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This is yet another analysis in the Procyclicality project.
The recent trend is pro-cyclical varieties, nonferrous metals, construction, steel, coal, we have all analyzed in detail.
This time, let's take a closer look at how the textile and upstream dye industries have gained capital attention during the procyclical period.
Keep watching, and there's more to come.
[event outbreak point] leading a paper price letter is expected to break the dye downward cycle
Over the weekend, a paper price rise letter from Zhejiang Longsheng, the leading company in the dye industry, not only started this week's rise across the board, but also is expected to lead disperse dye prices out of the downward cycle of recent years.
The price increase letter from Longsheng in Zhejiang province, featuring "disperse black ECT black 300%", has been announced by company officials that its price will rise by 2-3 yuan /kg to 25 yuan /kg.
This letter represents more than just one company. Zhejiang Longsheng's position in the domestic dye industry can be reflected by two data: 300,000 dye production capacity, 20% market share.
That is to say, the industry leader's every move can set a storm in the industry.
Much of the rise can be attributed to the recent recovery in end-demand and a lack of supply in the first half of the year, when demand was weak.
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- What is the raw material of nylon thermal fuse
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