The price and supply and demand are constrained, the supply and demand relationship determines the price of goods, the price is also constrained by many factors.

Recently, Russian and Ukraine relations turmokes have triggered the rise in international crude oil prices. So, is this rising prices of crude oil in the textiles?

Event overview

At night, at night, at 3 o'clock in Beijing, at 3 o'clock in the morning, in order to avoid the Russian army to continue to exchange fire, President President Purdin expressed the TV speech for Russia, officially announced: Russia supported the two states in the eastern Eastern Ukraine, which is Donetsk and Lugansk's "Independence" and signed a series of military, economic cooperation treaties, and the Russian army will be responsible for defending Utan two states.

A brief analysis of the historical cause of Wudong incident

On April 4, 1949, the Northern Atlantic Convention was established, referred to as NATO, 12 initial Member States including many Western countries such as the United States, Britain, France, Canada, Italy. NATO has a large number of nuclear weapons and conventional troops, essence is an important military force in Western countries. Before the end of the Cold War of Meixu, NATO NATO NATO NATO NATO Dragonfly After the Soviet Union, NATO has been eastward, and it is more than 30 NATO NAT.

NATO's continuous eastward expansion, the Russian pressure is multiplied, and the Western Russia, only Ukraine left, Belarus has not joined NATO, which makes Russia for forced strategic adjustment, and the initial "service soft" is completely " Tough ".

Prior to 2014, Ukraine had been swaying between "pro-Russian" and "west". In March 2014, it was influenced by the Crimea incident. Ukraine accelerated the West, and once Ukraine joined NATO, Belarus will be three sides north of NATO Enclose, do not rule out the possibility of joining NATO under the influence of economic sanctions, color revolution, and this is not the situation I want to see in Russia. For great powers, once the geographic buffering boundary will threaten the territorial integrity and sovereign independence. "Ukraine can't join NATO, this is the bottom line of Russia." The Ukrainian population is 41.58 million, of which the Ukrainian family accounts for 77.8%, and the Russian family accounts for 17.3%. "Dishpai" and "Artists" have been constantly conflict in Ukraine. The Bien River is the Mother River in Ukraine. It is injected into the black sea to the south. There are 6 hydropower stations along the way, and the black land of Guangyu has made Ukraine a third-largest grain exporter and European granary. But Ukrainian crude oil. Resources such as natural gas, 90% dependent on imports. Russia, Kazakhstan, Azerbaijan is a crude oil supply country in Ukraine. In order to ensure the safety of the Black Sea Fleet of Russia, in March 2014, Russia was added to Russia. The mission of the Black Sea Fleet is to control the Turkish Strait, and the Mediterranean should be the sixth fleet of the US military. If Ukraine joins NATO, Russia has not controlled Crimea, then the Black Sea Fleet will be locked. Ukraine has two clear requirements: First, Wu Russia must have conflict. Second, the two countries do not have the territorial dispute. If the Russian Chen Bing Ukraine border, Ukraine chooses to start war, it will lose the qualification directly.

The Russian frozen incident will inevitably impact international financial markets, international crude oil prices have reached the high level since 2014, and Russian RTS index plunged 17% on the 21st, and the national debt yield rose sharply. So, what impact on crude oil prices will bring to the textile and apparel industry?

Crude oil prices increase or will affect the polyester industry

It is well known that the crude oil-textile industry chain is the main line with PX, PTA, PET, polyester filament, textile and other products with crude oil. Petroleum produces PX (pair of xylene) as raw materials, PX is used to produce PTA (fine terephthalic acid), and PTA is an important large petrochemical product, PTA and MEG (ethylene glycol) synthesis to form PET (polyester), global More than 90% of PTA is used to generate PET. The global textile network price monitoring shows that the prices of PX, PTA, and polyester slice are rising by the increase in crude oil prices. However, affected by price conduction factors, the rise in short-term crude oil on the direct impact on textiles is not very large, and its impact is mainly in chemical fiber, dyes, aids, thereby indirectly affecting the textile industry. In addition, from the perspective of supply and demand relationship, this event has little impact on international crude oil supply, and the short-term political factor will continue, depending on the attitude of Ukraine and individual Western countries.