Industry Insiders Predict That The Spandex Market In The Second Quarter Is Still Good

Recently, Chemical fiber industry Listed companies such as Xinxiang Chemical Fiber, Huafeng Spandex, Youli Holdings, etc. have successively released quarterly performance forecasts. Consistent with expectations, these companies all turned around losses. At the same time, these companies revealed that the industry has recovered, especially viscose staple fiber and spandex.

Huafeng Spandex and Youli Holdings belong to the spandex industry. Among them, Huafeng Spandex It was the first to release the performance forecast for the first quarter on March 30. It is estimated that the profits from January to March this year will be 15 million to 21 million yuan, and the losses from the same period last year will be 27.3581 million yuan, turning losses around year on year. In the first three months of this year, Youli Holding, which has real estate business, realized a net profit of 109 million to 134 million yuan, also turning losses into profits.

As for the reason why the performance has improved, Huafeng Spandex shares the same reason as Youli Holding: influenced by the warmer market, the price of spandex has rebounded over the same period of last year, and the sales volume has increased significantly. Interestingly, the two companies just sighed that the price of spandex in the 2012 performance forecast continued to hover at a low level. It can be seen that the profitability of spandex business in the first quarter of 2013 was better than that in the fourth quarter of 2012.

Xinxiang Chemical Fiber also has spandex business, with a production capacity of only 8000 tons/year. Compared with its 100000 tons of viscose staple fiber, it has not contributed significantly to the performance. In the first quarter of this year, Xinxiang Chemical Fiber made a profit of 1.5 million to 2 million yuan, compared with a loss of 58.1273 million yuan in the same period last year. The reason for turning around the loss is that the viscose fiber market has recovered. "Viscose staple fiber itself is a low profit industry," said the company staff.

Polyester is the largest variety in the chemical fiber industry Polyester filament And staple fiber listed companies, namely Hengyi Petrochemical, Rongsheng Petrochemical and Tongkun Shares. The first two companies forecast a year-on-year decline in their first quarter results, but both turned losses on a month on month basis.

Throughout the first quarter, the overall market of the large chemical industry was depressed, and chemical fiber became a rare bright color, which undoubtedly made investors more expectant.

On April 15, Aoyang Technology and other companies raised the price of viscose staple fiber for the third time in April. It should be noted that since the rise in the middle of December last year, viscose staple fiber reached 15500 yuan/ton at the beginning of March this year, an increase of more than 12%. In the middle of March, the price of this variety turned downward, and it took only half a month to swallow the previous increase.

The reason why the market is so repeated is that the first quarter has always been the peak consumption season of viscose staple fiber; Three months later, the downstream cotton yarn industry was not active in demanding goods, and the viscose staple fiber manufacturers had to take the initiative to reduce prices in order to recover funds. At present, the average operating rate of viscose staple fiber industry is about 85%, and the inventory can only be maintained for 10-12 days, which is relatively low.

For the second quarter, Viscose staple The price will still rise, but not all the way up; Considering that the Ministry of Commerce has carried out anti-dumping investigation on imported pulp produced in the United States, Canada and Brazil since February 6, "there will be no more low price pulp, the inventory of downstream grey cloth is high, and it is expected that the profitability of viscose staple fiber manufacturers will be inferior to that of the first quarter". The price of viscose staple fiber is at a low level, and the variety cannot fall. The industry will continue to improve.

As for spandex, in the first half of the year, the export of spandex mainly focused on fine denier yarn, and in January and February, the export increased significantly year on year. According to his understanding, there are plenty of follow-up orders. Considering the continuous release of Yuanliao PTMEG capacity, it is expected that the second quarter Spandex market Still good.