Spandex Industry Strong Recovery "Fine Denier Silk" Out Of Stock

"Downstream Textile industry Despite the recovery, it is only a weak recovery. " Zhejiang a spandex listed company secretaries said that in the downstream textile demand has not yet been effectively restored, the impact from the supply side capacity is particularly valuable. "In addition to the annual traditional peak season factors, spandex boom is mainly due to the lack of new capacity shocks."

These people said that the second half of 2012, the spandex industry Limited new capacity, the industry entered the stage of capacity digestion, supply and demand pattern began to improve. Spandex production capacity increased by 7.4% in 2012, and most of them were put into operation in the first half of 2012. The growth rate of apparent consumption in the same period reached 2012 in the same period, and the new capacity of spandex in the next two years is relatively less than that in 2012.

Although the main domestic spandex listed companies are kept at a very low level, there are differences in the improvement of different varieties in this field. Among them, fine denier silk is not sold well in this busy season, but it is sold out of stock. Therefore, the enterprises with relatively fine denier yarn will have greater elasticity of achievement.

It is understood that the whole Spandex Industry The annual production capacity is 450 thousand ~50 million tons, of which the fine denier yarn accounts for 3 of the average. Public information shows that for the domestic listed companies, Huafeng spandex production capacity is 57 thousand tons, and fine denier yarn ratio is 50%, and the proportion of fine denier yarn is the highest in the whole industry.

In addition, besides the impact of new capacity shocks, the cost of raw materials has contributed greatly to the profitability of the spandex industry. The price of PTMEG (poly four methylene glycol two alcohol ether), one of its main raw materials, dropped from 30 thousand yuan per ton last year to 27 thousand yuan at present.

It is understood that China's current PTMEG production capacity of about 300 thousand tons, downstream demand of about 90% spandex. Founder Securities Chemical fiber industry Analyst Zhang Baoping predicts that by 2013, PTMEG will usher in the explosion phase of capacity launch, and a large number of new PTMEG expansion projects will be put into operation.

"If all the products are put into operation, the PTMEG capacity of the upstream raw materials of spandex will increase by 1 times." Zhang Baoping said, "PTMEG profits will decline systematically, which is conducive to spandex production enterprises." In addition, the price of MDI (polyurethane) on the other side of the spandex shows a stable trend, which will also benefit spandex production.