High Cotton Price Spawned Dissolving Wood Pulp Profiteering &Nbsp; Agricultural Product Substitution Concept Crazy
Domestic dissolving wood pulp basically depends on imports, domestic capacity is only about 250 thousand tons, external dependence is more than 80%, stock price is made by capital, and funds are commanded by thought. To identify the fundamentals or subject matter of a listed company, we will have the command of thought to buy funds, and the basic industry analysis is the most important part of actual combat.
Cotton prices soared in 2010 and doubled in two months.
When cotton prices rise, enterprises will increase polyester fiber.
Viscose
Fiber (dissolving wood pulp) can be produced.
Viscose
Fiber ratio is used to control the cost. Polyester staple fiber blended with cotton can produce polyester cotton, cotton fabric and polyester cotton, which can be used to make shirts and underwear fabrics and household textiles.
For example: improving the proportion of dissolving wood pulp in viscose and reducing the proportion of cotton short cotton products, changing the proportion of leather and viscose fiber, reducing the cost through these two ways has become the choice for the textile industry.
The number of dissolving pulp to replace cotton in textiles has increased greatly, and the selling price has risen from 9000 yuan per ton in 2010 to 16000 yuan / ton -18000 yuan per ton.
However, the cost of raw materials and wood chips rose from only 1300 yuan / ton to 1700 yuan / ton. According to the calculation of 3 tons of wood chips per ton of dissolving pulp, the direct cost increased by only 1200 yuan / ton, and the profit margin of the sales per ton increased by 6000 yuan / ton - 8000 yuan / ton.
Wood chips of raw materials are hard to rise. The main reason is that the paper industry accounts for a very small amount of wood. The amount of wood used for dissolving wood pulp is also very low in the paper industry.
Other wood industries, such as furniture and lumber mills, have a very thin profit, and the price of wood chips has risen much less than that of dissolving wood pulp for a long time.
From 2010 to 2011, cotton, rubber, sugar, corn, ginger, garlic, mung beans and so on have all gone up sharply. The value of land and labor will continue to rise, and the era of 17.88,0.00,0.00% is gone forever.
The price of cotton determines the price of viscose, and the price of viscose determines the price of wood pulp.
In the era of high cotton price, the age of dissolving wood pulp was born, and the production of dissolving wood pulp enterprises came to the golden age.
At present, domestic dissolving wood pulp is basically dependent on imports, domestic capacity is only about 250 thousand tons, and external dependence is more than 80%.
The output of dissolving wood pulp is mainly overseas, and the new capacity in the future will be concentrated in China.
Before 2011, there were 17 larger dissolving pulp producers and 21 factories in the world, with a total capacity of about 3 million 800 thousand tons.
Due to the pressure of environmental protection, the growth of dissolving pulp capacity in Western Europe and North America is limited. According to incomplete statistics, overseas production capacity will only expand in Jiangxi subsidiary, and the scale will expand from 465 thousand tons to 550 thousand tons in Brazil.
The level of demand for dissolving pulp products is not enough to get money.
In the absence of a method, the output of a home with 30 thousand tons per year has been divided into four enterprises in the lower reaches. The actual situation is that the output of 30 thousand tons is not satisfied.
supply and demand
The degree of such tension is mainly determined by the barriers of three industries.
First of all, the raw material of dissolving wood pulp is wood chips. Forestry resources have always been scarce resources. The listed companies of paper industry have the advantage of raw materials, and other industries can not intervene hastily.
Secondly, dissolving wood pulp and pulp production are all highly polluting industries. Paper pulping industry accounts for 70% of pollution, and environmental approvals are very strict. Only paper enterprises can be approved for new production or conversion, and trade barriers are very high.
Again, cotton prices rose in October 2010, the new commissioning and production cycle actually takes more than 8-14 months, and there is no release of new capacity in the short term.
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