Polyester Export Industry Is On The Decline.

In 2007, due to the massive release of domestic PTA production capacity and the increase in imports, which led to an adequate supply of PTA, PTA producers made a big price war, and the price dropped to around 7000 yuan / ton. At the beginning of 2008, a large number of producers were in serious losses, resulting in a reduction in production and inventory reduction.

PTA prices have rebounded to 8300 yuan / ton.

But it does not mean that the market will continue to rise.

From the downstream consumption textile enterprises, the form is not optimistic. According to the data of China Customs, China's trade surplus in February this year was 8 billion 555 million US dollars, less than half of the January trade surplus of US $19 billion 490 million, and a decrease of 15 billion 200 million US dollars compared with the same period last year.

A large number of reasons are that the appreciation of the RMB and the economic recession in the United States have led to a sharp decline in China's textile exports.

This further caused the domestic polyester industry overcapacity contradiction further aggravated.

At present, the operating rate of some factories in textile mills is less than 50%.

This leads to the need for polyester enterprises to find another way of marketing, that is, a large number of exported polyester to foreign countries.

In 2006, the export volume of our company was about 25 million kg, but in 2007, the volume of exports increased to about 70 million kg, and most of them were completed in the second half of the year.

This year's exports continue to maintain rapid growth, 1-2 months has exported about 30 million kilograms, accounting for about 60% of the total output.

According to relevant statistics, in 2007, the export volume of China's polyester fiber was as high as 1 million 54 thousand and 400 tons, an increase of 365 thousand and 900 tons compared with 2006, an increase of 153.14%, accounting for 5.50% of the total production of polyester fiber, and 1.21 percentage points higher than that of 2006.

As the main polyester variety, the export volume of polyester filament in China began to blowout in 2004. In 2004, the volume of exports was 304.13% in 2003. In 2005, the export volume was 192.16% in 2004. In 2006, the export volume was 156.28% for 2004, while the export volume was 161.83%, which has increased significantly for four consecutive years.

A large number of exports of polyester indicate that the whole industry is going downhill.

//cn