Domestic PTA Industry "Surging"

"Dream is still there, if it is realized?" this is a popular phrase on the Internet recently. It is inspiring.

For the domestic PTA industry, in 2015, it experienced a "tidal wave of sand" and achieved phased production capacity. At the same time, the internationalization process of PTA futures started, lighting the industry's "dream".

As we all know, in recent years

The new capacity is developing rapidly. At present, 31 million tons of the total capacity of 47 million tons per year are new capacity in the past five years.

The new capacity has been put into production one after another, which has greatly increased the supply of PTA. The operation of the PTA industry has deteriorated rapidly. The good days of the past tons of products earning more than 1000 yuan are gone forever.

According to the reporter, as of now, cause

PTA for long term parking due to poor or accident reasons

It has exceeded 14 million tons, accounting for nearly 30% of the domestic capacity.

In addition, a group of small devices are planning to withdraw from the market this year under the pressure of fierce market competition.

According to incomplete statistics, more than 10 million tons of PTA planning capacity will be cancelled in the future.

In fact, in 2015, as the third and fourth largest PTA factories in China broke out of the market successively due to the fragmentation of capital chains or accidents, the scissors difference between PTA and polyester overcapacity decreased gradually.

The PTA market has gone through half a year's inventory, and has completed its capacity step by step.

Since the second half of 2012, the domestic PTA industry has gradually opened the "winter mode".

Under the background of serious imbalance between supply and demand, many PTA enterprises have suffered continuous losses.

"Since 2012, the PTA industry has fallen into a general loss (calculated at 720 yuan / ton processing fee). This situation has lasted for four years, with an average annual production loss ranging from 190 to 240 yuan / ton."

Qi Mingzhi, an analyst with CIC futures, told the futures daily that the fierce competition and harsh living environment of the market had made some weaker PTA enterprises and devices gradually eliminated from the market, and a considerable number of small and old devices were in a halt or semi shutdown state.

Looking back at the past PTA's reduction in production price, every time, it can only stabilize the market for a short time. The failure reflects the lack of a strong alliance in the industry, and Yisheng Petrochemical can only be "big and powerless".

In some industry circles, the PTA industry can not expect Yisheng Petrochemical to be the "savior". The solution can only be the collective going out of the enterprise, the excess capacity to be exported to the outside world, or the waiting time to survive the fittest.