Nylon Stocks Are At A High Level And Investment In Polyester Industry Is Slowing Down.

The inventory level of sub sectors also varies.

In March, the stock of Dacron staple was very successful. By the end of June, the stock was at a low level. 7 and August were increasing obviously in the off-season, and fell again in 9 and October.

Nylon stocks remained at a high level, and declined slightly after September.

Although the spandex industry is running well, it has always maintained a high operating rate.

The rise is obvious.

Last 1~11 months,

Fixed asset investment showed a slowing down trend.

The number of new projects in the industry decreased by 3.97% compared with the same period last year, which is another negative growth after 2009. The actual investment was 101 billion 239 million yuan, an increase of 4.74% over the same period last year, and the growth rate dropped 16.39 percentage points over the same period last year.

Among them, the number of new projects in the polyester industry and the actual amount of investment have decreased by about 20% year on year, indicating that the industry investment upsurge is fading.

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In the past year, one of the factors that affected the operation of the chemical fiber industry is the sharp drop in crude oil prices.

Globally, crude oil supply exceeds demand and prices fell sharply. By the end of 2014, WTI oil prices fell to 55 US dollars / barrel, compared with the June high.

Synthetic fiber materials cost no support, and prices have dropped sharply.

This directly affects the subsequent trend of related chemical fiber varieties.

In addition, after the change of cotton policy, the gap between staple fiber and cotton prices is narrowed.

Affected by the adjustment of domestic cotton policy, domestic cotton prices have dropped sharply, and the price difference between polyester staple fiber and viscose staple fiber has been shrinking, forming a certain price comparative advantage, which will have a certain impact on the market consumption of chemical fiber staple.

But when cotton prices are released, the overall competitiveness of China's textile industry will be greatly improved. The chemical fiber industry will also benefit from the overall progress of the textile industry.

In addition, last year, the chemical fiber industry mergers and acquisitions made progress.

Relying on market regulation and industry guidance, capital market has witnessed asset flow and reorganization in the same industry, and the merger and reorganization of chemical fiber industry has made progress.

According to incomplete statistics, 3 listed companies have withdrawn from the chemical fiber business.

For example, Huarun Jinhua was changed to SKYWORTH figure in November 11th last year, pferring its 72% Yantai nylon shares to Huarun textile.

In 2015, the global economy will continue to maintain a weak recovery trend. China's economy will maintain steady growth at medium and high speed, and will create a stable operation of the macro environment for the chemical fiber industry.

The steady growth of the textile industry is expected to improve the demand for chemical fiber.

The price of chemical fiber may rebound as international oil prices may be suppressed before, but the situation of PTA surplus is difficult to change. It is still necessary to rely on the reduction of output to stabilize the market. With the pressure of polyester polyester production capacity increasing, it is expected that the rebound of polyester products will not be strong enough.

The overall operation of the chemical fiber industry may be slightly better than in 2014.

In 2015, the chemical fiber industry estimated output of 46 million tons, an increase of about 5% compared to the same period last year, and the total profit increased over the previous year, and the quality of operation improved.

This year, the key task of the chemical fiber industry is to dissolve the pressure of production capacity, optimize the stock, control the increment and expand the application.

In addition, the industry should vigorously promote advanced technologies for energy saving and emission reduction, seize opportunities for development, accelerate mergers and acquisitions, and accelerate backward production capacity.