Review Of Raw Material Market Trend Of Chemical Fiber In 2014

The average annual increase was -14.52%.

Overcapacity, imbalance between supply and demand, international oil prices plummeted, many unfavorable factors around. Chemical fiber Market It is doomed to be a bear walk.

And from the price list of chemical fiber prices monitored by the price of business in 2014, it can be seen that the number of the 12 main raw materials of chemical fiber has increased by 6.21%, and the rest of the products have shown a downward trend. Two, the PTA industry chain is declining. Heavy, the PTA of the 5 related products dropped by more than 30%, and the number of polyester products dropped by more than 20%.

Crude oil slump PTA maintain bear market structure

PTA hit a new low of nearly five years this year, with a year-round decline of more than 37%. Specifically,

Mainly divided into three main trends, 1~4 month weak bulk market, downstream production and marketing weak, PTA inventory increase and other negative impact more, in addition to the late March of April, PTA device maintenance brought about by the wavelet rebound, the overall price drop is the main.

Due to the compression of profit space, the main production enterprises of PTA, Yisheng Petrochemical Company, Xiang Lu Petrochemical Company and Hengli Petrochemical Co., Ltd. jointly limited production and insurance prices in the first half of 5, which made the spot goods tight, and succeeded in boosting PTA's three month's rising trend. According to the price monitoring of the business community, in May, from 12 to August 12th, in just three months, PTA rose nearly 27%%.

The PTA Industry Alliance collapsed, and PTA weakened again in the middle of August. The collapse of international crude oil in October exacerbated the downward trend of PTA prices. At present, crude oil is still in the downstream channel, while the PTA factory joint production news is fermented again. But in the context of cost collapse, prices remain low.

Cost weakness Polyester fiber Filament is the main drop.

In mid 1-3, the stock of polyester factories increased as demand weakened and the recovery began to slow down before and after the Spring Festival. Besides, upstream raw materials are weak and cost support is limited.

Mid March to mid May, affected by the upgrading of raw materials maintenance, the market rebounded slightly after the short term, the market is weakening.

From late May to July, with the strong rebound of PTA, the price of polyester was rising. As the saying goes, buying and selling under the psychological control, and polyester factory inventory is at a low level, some specifications even appear continuous supply in short supply, the price will rise strongly.

From July to mid October, as the downstream market entered the midsummer off-season state, the rate of starting up of weaving and firing decreased, and raw materials purchased cautiously, and raw materials appeared to fluctuate. Although in September, driven by the peak season of consumption, the decline slowed down, but the crude oil market fell sharply in October, resulting in a significant weakening of the cost and accelerated the decline in polyester prices.

Beginning in mid October, with the support of just needed margin, production and sales rebounded, and stocks were in a low position, and price shocks were strong.

December domestic Polyester filament The market continues to be in a state of weakness, and low price sales prevail. At present, whether polyester spinning factories or weaving factories or bomb companies are more or less under financial pressure, mainly the weaving factories' gray cloth and the bomb factory's arrears are more, and the whole polyester market is still on the wait-and-see atmosphere.

The cost is weak, and nylon is weak.

According to the price monitoring of business associations, nylon in 2014 showed a downward trend overall, with a year-on-year drop of more than 10%.

In the beginning of the year, the operation rate of nylon was low, the market supply was insufficient, and the price was at a high level. In the late stage, with the improvement of the operating rate, the output increased significantly, and the demand for the terminal market was weak, leading to the situation that nylon was in a state of oversupply, so the price declined.

At the end of July and the beginning of August, due to the small profit operation of nylon manufacturers, some upstream manufacturers of lactams had been overhauled, and some parts of the nylon factory began to stop production. The operating rate was about 75%, and the supply was significantly reduced. As the price of upstream lactams has increased by 300-500 yuan / ton, nylon filament has also risen with the price of 500 yuan / ton.

In mid August, prices fell again due to the sluggish demand for terminal market and sluggish demand. Coupled with the falling price of the upstream caprolactam market, the rebound in filament prices is more difficult and the price has fallen by nearly three months.

In November, the upstream lactam device was overhauled, and the starting rate of nylon manufacturers also declined. However, the reduction in production did not bring good news to filament. In addition, the deep fall of crude oil in November brought a great impact on pure benzene and chemical products. With the weakening of cost, the price of nylon has gone down a step. Up to December, the upstream still has not brought favorable support. Manufacturers must continue to reduce the price of products, with a margin of 300-500 yuan / ton left and right.

　 Raw materials are weak, PET staple market is weak.

In the first quarter, the market continued to decline after the slow start of the downstream and the weakening of raw materials.

In April, we began to slow down the search for the main products, and the PTA equipment maintenance brought about a short period of improvement. However, the downstream purchasing atmosphere was still insufficient, and the wait-and-see mentality was strong.

Beginning at the end of May, the short fiber market rebounded significantly in the strong PTA of raw materials, and at the end of June, it also hit the highest price of 10270 yuan / ton this year.

After that, they entered the "drop and fall" state. In 7, 8 and September, the traditional demand for textile was off season, and the overall situation was low. In addition to the October international slump, cost support collapsed, resulting in a sharp decline in staple prices. Although PTA was cut down in November, it brought a small rebound, but it finally came to the end of the continuous decline of crude oil prices and the pressure of maintaining small and single purchase.

　　 Excessive production of viscose staple fiber prices keep downward

Viscose staple fiber prices continued to decline in 2014. Under the influence of excessive capacity expansion and weak demand, the market price of products has been running in the bottom area.

In the first half of this year, the market prices of viscose staple continued to decline slightly. In early April, prices hit a low level since the price down in 2011. As the overall output in the two quarter decreased, the price of viscose staple fibers stabilized and picked up slightly, but still at a relatively low level. With the off-season impact of the downstream textile industry in July, the overall demand was weaker than before.

In August, a number of old plants in the factory entered the overhaul. The commissioning time of the new plant was delayed and the operating rate decreased. Viscose staple prices rose slightly.

9-10 months basically stable, viscose staple fiber prices rebounded slightly, but for the downstream cotton yarn, although it is the peak season of consumption, but manufacturers did not see increased demand, sales volume, more low price promotions, so as to empty inventory.

In 11-12, viscose staple fiber fell again, and the market demand was weak, resulting in an increase in inventory. The downstream cotton yarn market also showed a downward trend, with a low volume of trading.

　 Purchasing demand has no obvious volume. Spandex prices are down.

According to the price monitoring of the business community, the price of spandex in 2014 showed a trend of first rise and then fall, and the annual decline was more than 6%.

In the first quarter, the price of spandex was mainly driven by the booming demand of downstream manufacturers, and the main spandex production enterprises were in stock for about 15 days. Last year, the stock level was close to 40 days. Raw materials, thanks to the relatively low PTMEG price, the cost of spandex decreased significantly, so the spreads widened, and the higher gross profit margin of Spandex Products provided support.

The start of the two quarter was different from last year's good rally. This year, it has entered a "down and down" state. The main reason is that the downstream procurement basically meets its rigid demand, and the real demand is less than that of 2013. There is no obvious demand for raw material purchase demand, resulting in the pressure on the spandex manufacturers to pay more. In addition, the launch of new capacity will also have a certain impact on the supply of the whole market.

Acrylonitrile cost increased slightly throughout the year

In 2014, the acrylic fiber market was "unique" and the only growing variety in the chemical fiber industry increased by more than 6% throughout the year. In the first three quarters, the acrylic fiber market maintained a good trend, mainly due to acrylonitrile raw materials and external support. Entering the October, the price of acrylic fiber began to drop, mainly due to the fact that the price of crude oil dropped sharply, and acrylonitrile showed a marked decline. In addition to the cost of support, the downstream purchasing enthusiasm is weak, the overall acrylic fiber procurement to maintain rigid demand.