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How Can China's Chemical Fiber Overcapacity Seek Breakthroughs?

2014/5/4 8:54:00 34

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> the world's < a target= "_blank" href= "http://www.91se91.com/" > clothing < /a > a target= "_blank" href= "_blank".

the problem of overcapacity has caused many enterprises to go bankrupt due to default on loans. Now, the chemical fiber industry seems to have experienced the problem of excess capacity.

Three feet of ice are not cold in a day.

How to seek breakthroughs in the cold winter? "Digesting excess capacity and realizing industrial pformation and upgrading" has become the consensus of the chemical fiber industry.

as we all know, overproduction will bring a series of problems to enterprises, such as product unsalable, capital chain breaking and personnel turnover. However, resolving excess capacity is also a long-term process and can not be achieved overnight.

wolf is really coming? /p >

whether it is PTA, PET, polyester staple fiber or chemical fiber weaving grey cloth, because of the low market sensitivity, coupled with the optimistic forecast of the industry boom degree in 2009 and 2011, the investment has certain blindness, all of which make the chemical fiber production capacity increase in recent years.

statistical data show that in 2013, the average profit rate of "a target=" _blank "href=" http://www.91se91.com/ "> textile < /a > was 5.4%, while the chemical fiber and filament weaving was only 3.7% and 4.5%, behind the textile industry.

Behind the data is the structural imbalance of production capacity and the serious homogenization of products in the industry.

"we usually avoid talking about excess capacity, especially outside the industry.

We will tell the tax department that the industry is really depressed, and we will call the cash flow to banks.

This kind of opposite attitude not only reflects our inner worries, but also is a kind of helplessness.

In the face of the current situation, a person who does not want to be named reveals the true feelings of chemical fiber enterprises.

"China Textile Industry Federation 2014 Spring Industry Research Report" shows that in 2013, the total effective capacity of PTA in China was 33 million tons, the actual demand was 27 million tons, the import volume was 2 million tons, and the surplus capacity was about 4 million tons.

It is estimated that the effective capacity will reach 40 million tons in 2014. If we add 3 million 500 thousand tons to domestic demand and import 2 million tons, we will have an excess capacity of 7 million 500 thousand tons in 2014.

facing the problem of the short supply of chemical fiber products caused by the shortage of chemical fiber terminal market, Duan Xiaoping, President of China Chemical Fiber Industry Association, said that the low growth rate and high storage capacity of the chemical industry are likely to become a norm gradually, and the high storage also presents a new trend of development, that is, the inventory of the entire terminal products and the inventory caused by the retailer go upstream.

market, is it empty or true?

with the fluctuation of cotton price to the textile industry, chemical fiber as a supplement and substitution of cotton raw materials has shown strong development momentum in recent years, and has been developing rapidly in terms of output, product and technology level.

however, before and after 2009~2011, the efficiency of the chemical fiber industry rose sharply. Many cotton enterprises turned to the field of chemical fiber, and the market showed a "hot" scene. This overheating also brought illusion to many enterprises and rushed to invest.

Lai Tianming, general manager of Huarui information Touchplus information Corp, told reporters in an interview with "textile and clothing weekly" that "the final result of such irrational investment is the asymmetry of supply and demand, resulting in excessive competition in the industry, and the effectiveness of P is obviously depressed."

In 2013, the domestic PTA output was about 25 million 900 thousand tons. In 2014, it is expected that more than 1500 tons of new devices will be put into operation. The imbalance of production capacity will increase the pressure of PTA market. "

he said that although the industry has experienced a stage of overcapacity, the market demand is still increasing every year, and by the end of 2015, the growth of production capacity and demand will be synchronized.

With the reduction of industrial efficiency, investment will also decrease, but the chemical fiber industry needs to wait until 2018 when it enters the boom cycle.

facing the concerns of the industry on the excess capacity of the chemical fiber industry, Xiaoping thinks that it is too early to judge excess capacity.

"ten years ago, when the production capacity of chemical fiber was only 6 million ~700 million tons, it shouted excess capacity. In 2007 and 2008, when production capacity was 20 million tons, it also shouted over capacity.

Today, China's chemical fiber production capacity has reached 45 million tons, and some people are still crying over capacity.

This is equivalent to the fact that wolves never came before, but now the wolf may come. But we are numb, and maybe the market capacity is indeed beyond our expectation.

Xiaoping said.

hard choices: up or down? /p >

according to statistics of Enterprises above designated size according to the statistics of National Bureau of statistics, in 2013, the chemical fiber industry realized a total profit of 25 billion 980 million yuan, up 18.3% over the same period last year.

The average profit margin of the industry was 3.6%, a slight increase of 0.3% over 2012.

The industry lost 17.4% of the total, and the deficit of the deficit companies decreased by 9.3% compared with the same period last year.

Among them, the total profit of the polyester industry decreased by 3.1%, the profit of the spandex industry increased by 3.4 times, and the viscose staple fiber overall loss.

we can see that the current chemical fiber enterprises are generally under great pressure, and as the production pressure passes from the downstream terminal products to the upper and middle reaches, the inventory in the upper and middle reaches increases, the price of products goes down, and the profits of enterprises gradually decrease or even lose money.

Some enterprises even feel that the situation is even more severe than in 2008, and this pressure is expected to continue in 2014.

But at the same time, they also realized that the current surplus is a kind of stage structure, which needs time and market competition to eliminate a part of backward production capacity.

giant Technology Group Co., Ltd. has long been committed to the development of chemical fiber products.

Shen Baigen, executive vice president of the company, admitted that at present, the production and sales of giant Cheng were basically flat, but the enterprises still had backlog of stocks since 2012. The reason is that he analyzed that the product positioning of the enterprises in the past was market products, and the products were more conventional. In the future, the company would specialize in the production of orders, and gradually cancel the production of market products.

he also revealed that in view of the current stage of overcapacity in the chemical fiber industry, he has changed the conventional development idea and adjusted the production structure.

at present, the company's main business is mainly in the weaving of the back road.

Enterprises did not first melt, silk, polymerization lines and other production lines, but first on the back of the bomb, and this part of the chemical fiber raw materials purchased by outsourcing.

This approach alleviated the problem of overcapacity on the one hand. On the other hand, with the low price of chemical fiber, some raw material costs were saved for enterprises.

it is reported that the 600 thousand tons of chemical fiber projects approved by giant Cheng has not been launched yet, and they choose to continue to wait and see the market.

Indeed, once the industry overcapacity occurs, enterprises must make painful choices. Enterprises should consider efficiency, integrate resources, accept mergers and acquisitions and mergers and acquisitions, and reduce costs. Whether voluntary or helpless, enterprises must "change".

restrained surplus, brewing "capacity runaway" /p >

nowadays, chemical fiber enterprises are facing the imbalance between supply and demand caused by excess capacity of conventional products.

Under such circumstances, the first thing that enterprises feel is the compression of profit space.

for this, some industry analysts believe that the excess capacity of the chemical fiber industry will become more prominent in the future, and the bargaining power of the industry will also decline.

Hengli Chemical fiber ranks first in the industry, and its development has been widely concerned by the industry.

According to Li Feng, deputy general manager of Jiangsu Hengli Chemical fiber Limited by Share Ltd and Secretary of the board of directors, at present, Hengli's PTA capacity reaches 4 million 400 thousand tons, PET polyester production capacity reaches 2 million 400 thousand tons, PET fiber 1 million 200 thousand tons, PET industrial fiber 200 thousand tons.

however, in the face of the problem of excess capacity in the chemical fiber industry, Hengli does not seem to have been greatly affected.

Li Feng said that "letting go of capacity" is a good solution for them to resolve the capacity crisis.

it is reported that Hengli Chemical fiber products have also entered the developed countries and emerging countries actively while meeting the domestic market. In Japan, Korea, Turkey and other places, the PET fiber market has a large share and has a high reputation.

Sheng Hong group also has new PTA projects put into operation this year. The company laughs that it will not generate pressure on futures contracts in May.

The company believes that in the history of the development of chemical fiber industry, there have been many PTA overcapacity concerns, but the actual situation is not as serious as imagined, but psychological pressure on the market caused downward pressure.

according to the reporter, from the current market, differentiated products and emerging products are more popular with customers. Sheng Hong Group has made bio based fibers. From last year, we have produced innovative ideas, and more than 80% of the products belong to differentiated products.

Environmental protection is also one of the considerations for Sheng Hong group, which often deals with foreign customers.

Company insiders say Sheng Hong will find relevant companies to produce green products.

At the same time, we hope to get support from government departments.

to solve the crisis still need mechanism to add fuel to the flames.

in the interview with reporters, many chemical fiber enterprises have indicated that they must establish a survival mechanism through market means so that enterprises can compete freely.

Through market competition, efficient enterprises continue to grow, while inefficient enterprises withdraw from the market, making room for more efficient enterprises to expand and achieve the upgrading and development of the industry.

Li Feng put forward that the relevant functional departments of the government should create a fair competition environment for industrial development and build a professional market platform, such as fair and fair market trading environment, fair and orderly fiscal and taxation mechanism, good ecological environment protection mechanism, reasonable protection mechanism of intellectual property rights, technology standard setting mechanism for the survival of the fittest, and protection of fair international trade coordination mechanism, and so on, and do not interfere in normal market behavior.

At the same time, he hopes that the scientific research institutes can lay down their positions, enter enterprises, and truly understand the situation of enterprise's equipment and R & D capability. P

We should make full use of the basic research resources, academic capabilities and international technological frontier information resources of research institutes, and combine production, teaching and research to achieve the ultimate goal of application of research results, the application of technological products, and the marketization of product technology.

facing the bottlenecks encountered in the current development of the industry, the chemical fiber association also points out that overcapacity is not a single industry problem. Therefore, it is necessary to defuse the reform of the economic system and rely on market forces instead of administrative means.

Xiaoping pointed out that reform is not only an industry problem, but also a financial system.

For example, when the industry is profitable, banks will pay money and do not operate according to the mode of market economy.

Another situation is that the operation of the industry is difficult, this is a good opportunity to annex and reorganization, but because enterprises are subject to local guarantees, the government does not want enterprises to fall, mergers are very difficult.

All these need to be solved step by step in reform.

At the same time, he appealed to publish regularly the data of PTA/PET production for enterprises, so that enterprises could form a relatively balanced starting rate according to market demand. P

Enterprises should also strengthen information communication and resource integration, so as to avoid greater losses.

after knowing that banks are unwilling to accept the problem of enterprise equipment mortgage when they are mortgaged, the chemical fiber association also said that they will play an active role in promoting cooperation between banks and enterprises and solve the financing problems faced by enterprises.

viewpoints of all parties /p >

ten years ago, when the production capacity of chemical fiber was only 6 million ~700 million tons, it shouted excess capacity. In 2007 and 2008, when production capacity was 20 million tons, it also shouted over capacity.

Today, China's chemical fiber production capacity has reached 45 million tons, and some people are still crying over capacity.

This is equivalent to the fact that wolves always came before, but the wolf did not come. Now it is possible that the wolf has come, but we are numb. It may be that the market capacity is indeed beyond our expectation.

- Duan Xiaoping, President of China Chemical Fiber Industry Association,

irrational investment results in the asymmetry of supply and demand, resulting in excessive competition in the industry and the obvious reduction in the efficiency of enterprises.

In 2013, domestic PTA output was about 25 million 900 thousand tons. In 2014, more than 1500 tons of new installations were expected to be put into operation.

The imbalance of production capacity has doubled the pressure on the PTA market. Now, the chemical fiber industry only takes the time to digest excess capacity like real estate.

-- Lai Tianming, general manager of Huarui information Touchplus information Corp,

now the production and marketing of our enterprises are basically flat, but there is still a backlog of stocks since 2012.

In the past, the product positioning of enterprises was a product of the market, and the products were more conventional.

In view of the current stage of capacity overproduction in the chemical fiber industry, we have changed the conventional development concept and adjusted the production structure. In the future, we will focus on the production of orders, and gradually eliminate the production of market products.

-- Shen Baigen, executive vice president of giant Technology Group Co., Ltd.

in the face of the problem of "a href=" http://www.91se91.com/news/index_c.asp "chemical fiber industry < /a > overcapacity, we are not affected by the problem." letting go of capacity "is a good solution for us to resolve the capacity crisis.

-- Li Feng /p, deputy general manager of Jiangsu Hengli Chemical fiber Limited by Share Ltd and Secretary of the board of directors.