Shanghai Petrochemical Polyester New Products Exports Surge

Recently, 40 tons of flame retardant polyester chips and 40 tons of low melting point polyester chips produced by Shanghai petrochemical Limited by Share Ltd were sent to Turkey. In January ~3, Shanghai Petrochemical has 3 new polyester products, which have been exported to Malaysia, Turkey and Korea. Among them, low melting point polyester chips are new products that have just come out of the country this year.

The flame retardant polyester chip produced by Shanghai petrochemical company has the characteristics of environmental protection and permanent flame retardance. Cationic modified PET chips are mainly used for producing various kinds of products. Polyester fiber The product has the characteristics of fast dyeing speed, high color fastness and bright color. Low melting point PET chips have the advantages of low melting point, high thermal bonding strength and stable physical and chemical properties, which are well received by users.

It is understood that since the first batch of 40 tons of flame retardant polyester products were shipped to Malaysia in October 2015 to achieve the first export of new polyester products, this year's new polyester production Exit In January ~2, more than 200 tons of cationic modified polyester chips were exported to Malaysia. In February, the first batch of low melting point polyester chips were knocked on the Korean market. A few days ago, 80 tons of new polyester products were exported to Turkey.

While the new products are in the domestic market, Shanghai Petrochemical is actively exploring. Foreign market Through the provision of technical consultation, increasing the intensity of recommendation and strengthening trade cooperation, the export volume of new polyester products has increased sharply this year.

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Viscose staple market prices continued to rise in March 16th, ranging from 50 yuan to 100 yuan per ton, and nearly 10% since the festival. Manufacturers generally implement pre contract, orders more than have been discharged until April. At present, the viscose factory overhaul capacity is about 20%, and the market stock pressure is lighter. According to Anxin securities, it is expected that in 2016, if there is no new capacity and demand continues to grow, the industry will continue to have a tight supply and demand situation.

According to Shanghai Securities News March 18th, the latest trend shows that viscose manufacturers recently overhaul capacity of about 20%, mainly concentrated in Shandong, Fujian and some manufacturers in Central China, the market is low. In terms of mainstream quotations, the mid-range offer is 13700 yuan -13800 yuan / ton, and the focus of the firm is 13500 yuan -13600 yuan / ton. The high-end quotation is 13900 yuan / ton, the manufacturers generally implement the pre contract, and the order is delayed until April.

From the perspective of industry demand and supply, due to the downturn of the market and the pressure of environmental protection, the speed of production of viscose staple fiber industry has slowed down in recent years. In 2014 and 2015, the new capacity growth rate was only 6%, significantly lower than the average level in the past few years. At the same time, under the pressure of environmental protection, about 10% of the capacity was withdrawn from the market in 2015, resulting in a sharp contraction in the supply side. By the end of 2015, China's viscose staple fiber production capacity was about 3 million 710 thousand tons, while the apparent demand in 2015 was 3 million 100 thousand tons, the export volume was 220 thousand tons, and the import volume was 140 thousand tons. The average annual operating rate of the viscose staple fiber exceeded 85%, and the supply and demand of the industry basically balanced.

Taking into account the 180 thousand tons of Zhejiang Xiaoshan's plan to move in the first half of 2016, and the additional capacity of only 90 thousand tons (40 thousand tonnes of Xinjiang's capacity expansion and 50 thousand tons of Shandong silver hawk), the industry's actual supply capability or negative growth will appear. In addition, due to the withdrawal of some backward production capacity, the concentration of industries has gradually increased, and the synergy between enterprises has increased significantly. At present, the concentration of viscose staple fiber industry in China is relatively high. Before the production capacity, the five largest enterprises occupy 53% of the market share of the industry, and the top ten enterprises occupy about 79%.

In addition, upstream raw materials, dissolving pulp in recent years, the expansion speed is much higher than the viscous short industry, it is expected that the supply of dissolving pulp will continue to be loose, sticky short enterprises will further enhance the bargaining power of the upstream pulp mill. At the same time, the downstream spinning and weaving enterprises are relatively decentralized, and the bargaining power of sticky enterprises is not strong enough.