Production Of Nylon Fiber (Polyamide) Has Increased Rapidly.

According to the statistics of China Chemical Fiber Industry Association, from 2012 to 2014, the output of polyamide fiber (polyamide) in China was 2 million 23 thousand and 400 tons, 2 million 324 thousand and 800 tons and 2 million 500 thousand tons respectively.

With the rapid growth of production, the prices of nylon fiber (polyamide) products continue to decline, and the overall profit margins of the industry are narrowed.

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The influential Yiwu Hua Ding nylon Limited by Share Ltd has also fallen into the predicament of overcapacity.

Ding Ermin, general manager of the company, said that in 2014,

Capacity expansion is obvious, the downstream textile market overall market is light, demand is reduced, supply and demand contradiction is prominent, nylon market has been in a weak decline pattern.

In 2014, as the price of polyamide industry chain continued downward, the gross profit of product sales decreased.

And other reasons, the company's net profit attributable to shareholders of listed companies fell by 193.02% over the same period last year.

According to the statistics of China Chemical Fiber Industry Association, the capacity of nylon fiber industry has increased by nearly 80% in recent years, but the operating rate of enterprises has dropped from 75% in 2009 to 55% in 2014.

The excess capacity of nylon fiber and the lack of market demand have become an important factor restricting the development of enterprises.

Take Tianjin Haifeng chemical fiber fabric Co., Ltd., the largest chemical fiber enterprise in North China as an example.

The company has 1100 employees. It is a state-owned enterprise producing warp knitted products and weaving products. It produces 600 tons of warp knitted products annually.

"Due to the influence of market demand and overcapacity, our company has had a pressure storage phenomenon since 2012. By 2014, its inventory reached nearly 600 tons, which is equivalent to the total output of the company for 1 years, resulting in difficulties in the operation of the company.

At the beginning of this year we have to end the production of nylon chemical fiber products for 20 years, and pform the production of engineering plastics.

Shi Qingjun, general manager of the company, said with a look of resignation.

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During the week, the main cotton producing areas in the mainland were still affected by the cloudy and rainy weather, the light was slightly insufficient, and the humidity of the cotton fields in some areas was larger, the incidence of diseases and pests turned high, and the growth of the new cotton was affected. The new cotton in the South and North Xinjiang in Xinjiang, the new cotton as a whole is happy, the high yield is expected to rise, and the price of the scale will be less than 6 yuan / kg.

Almost all the cotton ginning mills have been shut down for rectification, waiting for the picking of new cotton, and the inventory of cottonseed has been declining.

In the futures market, in August 5th, ICE futures continued to explore bottom in an empty atmosphere. The market expected that the US cotton output would be expected to increase. In December, the contract went down after a short rush, and it fell for third consecutive trading days.

Traders will proceed cautiously before next Wednesday's USDA monthly report. Cotton prices will not change significantly in the short term.

In recent years, Zheng cotton continues to be weak, and the main contract is below the average system. There is still a possibility of falling, but at present, the price is low, and it is not suitable to blindly chase the air.

When the textile industry is still in a stable position, most of the normal start-up businesses maintain a balance between production and sales, and the order is dominated by old customers and loose orders. The funds are still abundant. At present, the growth of non cotton fiber consumption has been continuously crowding the cotton yarn market, the price of cotton yarn has been falling down, and the profits of the enterprises have been slender.

In addition, the supply of Port imported yarn is adequate, the malpractice of product quality is increasing, and the market demand is not good.