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Annual Inventory Of Polyester Chips And Polyester Staple Products

2011/12/22 16:55:00 24

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1. Polyester chips:

In 2011, under the influence of the European debt crisis, China's textile industry experienced a marked decline, the shrinking of orders, the sharp decline in operating rate, the appreciation of the renminbi and the rise of trade protectionism and other factors, which made our export environment more severe than last year.

Most businesses are pessimistic about the market.

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The demand for stocking is declining, and procurement is not effective.

In 2011, the stock of polyester chips increased and production and sales rates fluctuated slightly.

Compared with the same period last year, stocks in the three quarter of this year were higher than the same period last year, indicating that the installation rate of this year is acceptable, but production and sales have dropped sharply.

In the three quarter of this year, production and sales rates were significantly lower than last year, and prices were lower than the same period last year.

With the advent of Western Christmas and the approaching of traditional New Year's day and Spring Festival, the demand for stocking is expected to pick up.

And some enterprises' limited production and price protection measures will also play a catalytic role in the market.

Looking forward to 2011, from the basic factors affecting the market

Analysis

The profit margins of polyester polyester enterprises are inseparable from the trend of upstream raw material prices.

As to whether the price of upstream raw materials should be maintained within an appropriate range, we should take into account the increase in capacity of raw materials PX and PTA.

In 2011, raw materials PTA and polyester new capacity began to invest heavily, but the economic crisis that followed brought about a continuous decline in terminal demand and increased pressure on polyester stocks.

But the theme of pre holiday preparation is likely to continue. The price is still dominated by maintaining stability and concussion. But the time is approaching the Spring Festival. The market continuity is not strong. It is unlikely that there will be a big rally. The market will be dominated by a stable pattern.

With the further development of the domestic economy, the enthusiasm of imports in the polyester market has increased, and with the introduction of the national macro-control policy, the import and export will continue to develop healthily and steadily.

However, as a large country of polyester production and a big consumer country, import and export still do not occupy the mainstream, mainly domestic sales.

With the massive input of new production capacity in China, the domestic polyester production capacity and output will continue to release in 2012-2014 years, and the market demand will be met.

2, polyester staple fiber:

In 2011, the price of polyester staple fiber fluctuated more obviously, and the weak market adjustment dominated.

On the one hand is due to the continued downturn in the demand for downstream yarn.

Especially in the second half of the year, the downstream textile enterprises and the terminal textile and garment factories have a serious parking problem.

Another one is the polyester raw material PTA and ethylene glycol

Quotation

Shock adjustment is lack of effective support for polyester and short.

Under the continuous weakening of the market situation, the commencement rate of polyester and short has dropped from 80% above the beginning of the year to 60% at the end of the year, and the output of the products has also declined significantly.

The downstream demand is rather weak. The total demand for polyester and short products from last year's total demand is larger than that of total supply, and this year's supply is greater than that of downstream demand. However, this situation will be improved with the gradual recovery of the operating rate of the textile enterprises in the late stage.

Due to the serious excess capacity of polyester fiber before 2009, the new capacity in recent years is very small. But with the emergence of the gap between supply and demand in 2010, the price has increased considerably, so that the substitution effect of polyester fiber appears, and the demand increases.

With the gradual optimization of direct spinning staple and filament technology, the production of polyester chips is widespread. In 2010, more chips were converted into staple fibers, and there was an increasing trend in 2011.

However, the new capacity plan of polyester fiber has been gradually put into operation in 2012-2014 years. According to statistics, from 2012 to 2014, the polyester fiber manufacturer has about 10000000 tons of capacity planned and put into operation.

From the current domestic polyester staple market as a whole

Quotation

In view of the strong raw materials such as upstream crude oil, PTA, MEG and other raw materials, coupled with the massive input of raw material PTA, the supply of raw materials will increase, the dependence of imports will gradually shrink, and the market participants are optimistic about the PTA market next year. From the cost side, raw materials will play a supporting role in the polyester staple market.

In terms of market demand, the downstream market demand for polyester staple fiber is rather dull, but the anticipation of stocking years ago made the supply of staple fiber at a reasonable level.