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    The Dilemma Facing The New Situation And The Slow Growth Of The Market

    2013/7/25 20:00:00 29

    MarketClothingBrand

    < p > this year, the phenomenon of intensive production of some large chemical fiber enterprises in China's chemical fiber industry has attracted attention from upstream and downstream.

    First of all, the Changxin Tong Tong company's annual output of 400 thousand tons of differential fiber project was put into operation in January, and the main equipment was put into operation successfully in January. After that, the total investment of 20 billion yuan Hengli (Nantong) < a target= "_blank" href= "http://www.91se91.com/" > textile > /a > the New Material Industry Park Phase 1 project was put into operation in May 7th, and the two phase project started laying the foundation. Then, in May 11th, the polyester center of Sinopec chemical fiber company produced 200 thousand tons of polyester special material project once a year successfully, and the Fujian area Kun Lun and Bai Hong jointly made about 600 thousand tons of polyester filament device.

    < /p >


    < p > at present, polyester polyester industry has made considerable progress in terms of productivity and quality after nearly 10 years of rapid development.

    Polyester polyester industry has entered a mature and stable period. The polyester industry in this era is facing more serious problems. It is necessary to rely on technological progress to promote innovation and development of the industry.

    < /p >


    < p > the predicament under the new situation < /p >


    < p > over the past 30 years, China's polyester products have developed rapidly from scratch.

    Especially in the past 10 years, polyester production capacity has increased by an average of 13% annually.

    Capacity growth is accompanied by more intense competition.

    < /p >


    < p > market competition is more intense.

    In recent years, China's conventional chemical fiber varieties have large capacity and the industry has been running at low load for a long time.

    Since 2010, China's polyester industry has entered a new round of expansion cycle, especially the filament equipment, which is in short supply due to the limitation of manufacturing cycle.

    In 2011~2012, China's polyester production capacity has been expanded for about 500 tons in two consecutive years. It is estimated that the polyester expansion capacity in 2013 is still not less than 5 million tons.

    These new polyester production capacity of downstream more than 80% directly or indirectly supporting polyester filament, the average load is running at around 75%~80%.

    < /p >


    < p > market supply exceeding demand makes market competition extremely fierce.

    Every new project and every new installation has a significant impact on the market.

    The new production capacity will generally use * * * * * * efficiency, or even at a big loss to promote sales, and strive for the smooth launch of the market. The price of its products is generally less than 100 yuan / ton above the same specifications and varieties in the market, thereby stimulating product prices downward.

    < /p >


    < p > product profit is low.

    Due to oversupply, the market is full of spot goods, factories are competing to sell, customers are buying at a price, most conventional varieties are running at the margins of breakeven.

    Moreover, most of the differentiated varieties are not profitable.

    Many of the differentiated varieties go from sliced spinning to melt direct spinning, and the supply capacity of differential varieties increases dramatically, such as direct spinning full dull filament, cationic filament, super fine filament, light sewing thread type staple fiber and so on.

    The price difference between POY75D and conventional POY150D has decreased from 1500 yuan / ton in recent years to 500 yuan / ton. The price difference between FDY75D and conventional FDY150D has dropped from 500 yuan / ton to 2000 yuan / ton in recent years. The difference between luminous sewing staple and conventional cotton type 1.4D has decreased from 1000 yuan / ton in recent years to below 500 yuan / ton.

    The price difference between many varieties and conventional varieties is basically the same as the cost difference between them.

    < /p >


    < p > enterprises suffer heavy losses.

    The continuous loss of polyester products directly leads to a serious loss of polyester production enterprises.

    In 2010~2012, the average assets of the polyester industry increased from 330 million yuan to 430 million yuan, an increase of 28.4%. The average business income of the enterprises increased from 450 million yuan to 560 million yuan, an increase of 23%.

    However, the average profit of enterprises dropped from 27 million 815 thousand yuan to 16 million 404 thousand yuan, a decrease of 41%, and net assets yield decreased from 22.57% to 9.92%. Gross profit margin dropped from 8.74% in 2010 to 6.29% in 2012, and the profit rate dropped from 6.15% to 2.95%, and the industry deficit increased from 9.43% to 25.92%, or 1/4 above was in a loss.

    < /p >


    < p > polyester polyester industry has entered a mature and stable period. The polyester industry in this era is facing more and more serious difficulties. We must rely on technological progress to promote industry innovation.

    < /p >


    < p > the market entered a low growth period < /p >.


    In the past 10 years or even 30 years, the growth rate of supply and demand of China's polyester products has reached 13% annually. The key reason for supporting this high development speed is that the rapid growth of GDP in China has led to an increase in per capita consumption, a good accession to WTO, an acceleration of exports, and an increase in the population base bringing about new consumption. P

    < /p >


    < p > in the future, the rapid development of China's polyester market is difficult to sustain and will enter a low growth period.

    The main internal factors are: first, China's economic development is undergoing pformation, and the sustained and rapid development of GDP is not the pursuit of goals; the two is that China's per capita income will enter the ranks of middle-sized countries. The improvement of people's living standards will raise higher quality demand. The contribution to textile a target= "_blank" href= "http://www.91se91.com/" > clothing "/a" consumption will be reduced; three, the contribution of population growth will decline, and China's population will still increase by 1% or about 10000000 every year, but our country is gradually entering the aging society, and the per capita consumption power of the elderly population will decline.

    < /p >

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