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PTA Prices Skyrocketing, Causing Downstream Business Losses To Fight Southeast Asia Or Become A Trend

2014/8/6 12:01:00 33

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the world is < a target= "_blank" href= "http://www.91se91.com/" > clothing < /a > a target= "_blank" href= "_blank". 
The price of PTA rose rapidly in 5 and June, and had a great impact on downstream enterprises. In July, prices continued to oscillate for a long time. Because downstream enterprises, especially chemical fiber manufacturing enterprises, are mostly labor-intensive industries, once the cost of raw materials rises too fast, enterprises will face the test of life and death. 
 in the case of high price of PTA, chemical fiber manufacturing enterprises have to reduce other costs to maintain their normal production and operation in order to keep the market. Relatively cheap labor and land cost will become the only choice in Southeast Asian countries. Southeast Asian migration made of chemical fiber will become a direction of industrial spanfer. 
 > strong > PTA, from soaring to high volatility, prices will fall short in the near future. /p >
 PTA is the main raw material for the production of polyester. More than 90% of the world's PTA is used for the production of polyethylene terephthalate (PET). Polyester includes fiber chips, polyester fibers, bottles for slicing and film slicing. In the domestic market, 75% of PTA is used to produce polyester fiber, commonly known as polyester, which is the main extension product in the downstream. Therefore, the impact of PTA price fluctuations on polyester is very obvious. Similarly, polyester as a "a" target= "_blank" href= "http://www.91se91.com/" > textile < /a > raw material, also plays an important role in increasing the cost of the textile industry. 
 "from the futures price, the PTA main contract began to rise in early May, the lowest price was 5990 yuan / ton, by the end of June, the price rose to 7422 yuan / ton, in just two months, up about 23.9%, from July to August, the PTA market appeared a consolidation market, but it still set a new high price of 7508 yuan / ton. The lowest price in the upper and middle reaches 6980 yuan / ton, and the lowest price in the month appeared in July 31st July 31st, which was 6902 yuan / ton. Overall, prices are still larger than in May. Treasure Island analyst Zhang Cui said. 
 spot price survey shows that at the beginning of May, the PTA price was 6100-6110 yuan / ton, 30 yuan at the end of the month reached 6540-6560 yuan / ton, in the beginning of June, it was 6640-6660 yuan / ton, which rose 100 yuan / ton at the end of May, and the price at the end of May was 7630-7650 yuan / ton. From the beginning of May to the end of June, the price rose 1530-1540 yuan / ton in two months, up about 25%. In July 1st, the price of PTA was 7620-7640 yuan / ton, and the 7510-7530 was 7510-7530 yuan / ton, although the price was lower than that at the beginning of the month, but the whole price fluctuated on the whole, similar to the futures price trend. However, the price of the whole July did not rise again, but it was at a high level. Compared with 5 and June, the average price was even higher. 
 PX as an important organic chemical raw material, mainly used for the production of PTA, is the upstream industry of PTA production. The high price of PX is an important factor in the high price of PTA. It is reported that in July, the Asian PX market was highly volatile. PX profitability reached its peak in July 22nd, the PX-MX price difference was 226.5 US dollars, the PX- naphtha oil price difference was extended to US $523.5, and the PX theory profit was US $173.5 / ton. Under the temptation of huge profits, new devices were put into operation. Among them, the 1 million 300 thousand tons capacity of South Korea's SK company and the 800 thousand tonnes of Jurong aromatics in Singapore, and the 900 thousand PX new PX installations of the state-owned Oil Natural Gas Corp in India were put into operation in the latter part of this month, and the new increase in output could reach 3 million tons / year in July alone. 
 although PX has many new capacity, many of the same capacity is also facing the situation of parking overhaul at this time period. This also allows the new production increase to release the market efficiency, resulting in price continuing high. Treasure Island data show that in July, in the parking inspection, Shanghai Petrochemical 600 thousand tonnes PX plant has been parking for one month since July 9th, and has been overhauled at the end of July; the HC 800 thousand ton plant in South Korea has been overhauled since June 1st, and has not been restarted in June 1st. The 700 thousand tons / year PX device in Qingdao has been restarted in July 14th, and the 420 thousand ton / year para xylene unit of Japan Shi energy company, located in Japan, is restarted at the end of July. Tenglong aromatics 1 million 600 thousand ton plant is planned to be overhauled at the bottom of the shield; the capacity of the new Japanese stone 800 thousand ton is overhauled to; the 870 thousand tons of Formosa plastic plant is scheduled to be servicing for 40 days. 
The price of PX fluctuates in the increase and decrease of production. Correspondingly, the PTA market is also increasing production and reducing production. The PTA device has a parking restart, which has changed the previous buyer's market. At present, the balance between the supply and demand sides has led to no significant increase or decline in the whole market, but the increase in the previous period is large, especially in 5 or 6 two months. 
 high price PTA extrusion industry middle reaches profit chemical fiber enterprise loss production guarantee market /p >
The burden of P PTA PTA is self-evident. Especially in July, the price has been at a high level. In May, the price has gone up. It is still very low compared with the present. The price at the beginning of June is not too high. The impact on the enterprise is limited, but it is at the end of June and the high price in the early July, which makes the burden on the enterprise increase and become unbearable. 
 from the whole industry chain, upstream enterprises increase prices, downstream enterprises also have to follow prices, but terminal products do not always follow the price of raw materials. In addition, the upper and lower reaches of enterprises are often at the two ends. Huo Xin Qiang, who is responsible for sales in Jiangsu Xinmin Technology Co., said frankly: "polyester production is like pie, one is the upstream PTA, and the other is the rising price of the products. The prices of the products produced by downstream enterprises remain unchanged, while the middle polyester is in the middle, which has to bear the upstream price increase, and also bear the decline of the downstream performance because of the rising demand." 
According to treasure island finance, Jiangsu Xinmin technology was originally a better performing enterprise. Its business involves silk and its raw materials business, including chemical fiber spinning, weaving and printing and dyeing of various kinds of silk fabrics, silk clothing manufacturing, textile auxiliaries manufacturing, and textile import and export trade. In recent years, it has been in a dilemma. As Huo Yue Qiang said, it was originally a large enterprise, but because of the cost and other factors in recent years, enterprises could only reduce production and reduce their size. Now they can only be classified as a medium-sized enterprise. When it comes to the current situation of enterprises, he is full of grievances, and his voice is full of frustration, but when talking about the recent rise in raw material prices, it is very melancholy. 
 Huo Yue Qiang said that as the price of PTA rose, the production of the enterprises rose sharply, and for example, the price of raw materials rose, and polyester must also rise. The production of polyester plant increased from 5900 yuan to 7000/ tons, the difference was 1100 yuan, but the production cost of downstream chemical fiber enterprises rose to 1600-1700 yuan, and the difference between 500 yuan and 600 yuan was in the middle. If downstream enterprises, following the price increase, of course, there is no burden, but the opposite is true. The price of terminal products such as clothing has not changed significantly, so all the cost pressures have been concentrated on polyester factories like Xinmin technology. 
The production of polyester products in factories is now on the side of production, while the polyester enterprises as the middle part of the upper and lower reaches, there are two problems to solve. On the one hand, the price can not rise too much. Although the upstream price is rising, the price of polyester enterprises is too fast, the downstream enterprises are difficult to accept, and the demand will be reduced immediately. On the other hand, the loss of enterprises should also be continuously produced. Although the upstream raw material prices are rising, considering the downstream situation, enterprises themselves have also suppressed the price increase. However, in the past three months, the downstream demand has shrunk. "In the past three months," As a result, polyester enterprises will produce more losses, but enterprises will eventually be enterprises, and they can not stop production and reduce staff at any time, not only to maintain old customers, but also to have artificial wages and so on, so even if they are losing money, they will also have to produce. Huo Yueqiang said. 
 the situation of Xinmin technology in Jiangsu is worrisome. But in Huo Yue Qiang, it seems that this is not a special case for enterprises. The whole industry is facing such a predicament. In the view of Huo Yue Qiang, the problems faced by Jiangsu Xinmin technology will be met by other enterprises. Moreover, the market is relatively open and the cost is clear at a glance. 
 high cost and whole industry integration into Southeast Asia or will become a trend 
The cost of P > PTA increases, and the profits of enterprises decrease. However, it may not have no way out. For enterprises, this is the best time to occupy the market. There will be some enterprises withdrawing from the market because of losses, and the enterprises that will persist will take the opportunity to expand the market share, and then wait for the industry to warm up. This is why Jiangsu Xinmin technology wants to lose money and stick to the market. 
On the other hand, as a labor-intensive enterprise, chemical fiber manufacturing enterprises are also trying to reduce production and operation costs through other ways in the period of high raw material costs. Other aspects include land cost and labor cost. "Now the land cost, labor cost, including the cost of raw materials is rising rapidly, and the labor-intensive industries invested in China by European and American countries in the past are totally low in the cost of land, labor and other aspects, but now the advantages of all kinds of costs are no longer. "Now many enterprises have begun to move to Southeast Asia because the costs are lower and the profits of the enterprises are relatively high," he said. Without relocation, it will begin to shift to some areas where land and labor costs are relatively low because of rising costs. 
 "raw material cost factor is more than" a href= "http://www.91se91.com/news/index_s.asp" > market < /a > formed, not good prediction, but land, manpower cost and so on will not change greatly in the short term, the cost is relatively well controlled. Industrial spanfer is not a short-term strategy to cope with the changes in the raw material market. It is a problem that must be faced in the long-term development of labor-intensive industries. " A researcher at the Institute of industrial policy of Sai Di think tank, the Ministry of industry and commerce, said to the finance and economics of treasure island. 
 "to build factories in Southeast Asia can not only reflect the advantages of cost, but also enjoy some preferential policies in terms of Taxation, and have more advantages in increasing the efficiency of enterprises. This is another reason why some enterprises migrate to Southeast Asia." Huo Yueqiang said. But whether Xinmin technology has such a plan, Huo Yue Qiang does not agree.