Chemical Fiber Industry: Golden Phoenix Has Become The Bitter Cauliflower.

Good days for the chemical fiber industry are over. "

Xinxiang chemical fiber Securities Department recently said in an interview with reporters.

In the battle of market, price and cost, the profitability of many chemical fiber enterprises has gone from bad to worse this year.

First textile network analyst Wang Qian said.

Behind the high oil prices, which hurt many high oil prices this year, is the helpless sigh of countless chemical fiber companies.

Because of the huge scale of China's chemical fiber industry and the oversupply of supply, it often does not have the ability to pfer costs to the downstream through bargaining, which leads the chemical fiber manufacturing industry to be at the lowest end of the industrial chain profit for a long time.

Affected by this, the curtain raising of international chemical giants has been officially lifted. From ethylene, propylene and other basic petrochemical products to acrylonitrile, PTA, caprolactam and other raw materials for direct chemical fiber production, a new round of continuous price increase has begun.

On the contrary, the prices of synthetic fibers such as acrylic, polyester, nylon and so on have risen little, and even the forced price increases are far below the increase of raw materials.

As far as I know, many enterprises in the industry have closed down.

Liu Hongchun, general manager of Jinxing Chemical Fiber Textile Industry Co., Ltd.

Reporters noted that in June 30th, the PTA of the Jiangsu, Zhejiang and Shanghai markets offered a price of 9350 yuan per ton, and the market still has room for improvement.

"Last month, we made several price adjustments in line with the market situation.

However, because of the low demand for textile industry in the lower reaches, the pressure of raw material prices can not be completely pferred out. We can only digest most of them. "

Liu Hongchun kept sighing at the end of the phone.

Wang Qian said, "yesterday's Golden Phoenix, today's bitter cauliflower" can be described as a true portrayal of the great contrast between the two industries of viscose and spandex over the past year.

However, since the beginning of 2008, with the rapid expansion of investment and expansion speed, the business cycle of viscose and spandex has been getting shorter and shorter, which has become a difficult circle for the chemical fiber industry in recent years.

The data released by the National Bureau of statistics in June 27th also showed that the profit of 1~5 national chemical fiber industry dropped by 246.8 percentage points over the same period last year.

The price of spandex 40D has dropped from 70000 yuan / ton around the beginning of this year to the current 47000 yuan / ton, or more than 30%. Although the price of raw materials PTMEG and pure MDI has also declined, the decline is only about 10%, far lower than that of Spandex Products, resulting in a sharp decline in the profits of spandex industry.

Xinxiang chemical fiber Securities Department said.

In his view, the gross profit margin of the spandex industry reached over 40% during the peak period last year, and this year it can be maintained at 15%.

But the rapid release of new capacity, the downturn of downstream demand and the change of export tax rebate policy also make the viscose industry in a tight corner.

Viscose filament prices have been hovering at the level of 32500 yuan / ton for a long time, sales are very light, filament stocks have reached the industry's nearly 3 months of production, gross margin of products has dropped from more than 20% of the peak to less than 10% today, and viscose staple fiber prices from the beginning of the year 22200 yuan / ton continued to decline to the current 15400 yuan / ton, the cumulative decline of 44%.

Wang Qian said.

It is reported that the reduction of production within the industry is between 20%~30%.

Wang Qian said.

In fact, doom is more than that.

Insiders said that the real test is that in the second half of the year, enterprises will face a comprehensive rise in prices of oil, electricity and steam.

The industry said, "when the industry is in the doldrums, the adjustment of industrial structure and the development of differentiation are imminent. Improving the differential rate of fiber and improving the added value of chemical fiber products is an important means to improve the profitability and competitiveness of the industry, especially when the industry cycle is down and the economy is declining, the differentiated fiber varieties can better avoid the risk of the industry."