Polyester Leader Plans New Capacity Again, Polyester Filament Only "Cycle Wheel" Failure, Customer Resources Further Concentrated On Large Enterprises!

In 2018, the intensity of national environmental remediation and policy support were obvious. From then on, the GSP gradually tended to strengthen and support the superior industries, and the market competition of the whole industry would escalate again. The market was increasingly leading to a few technologies, and the giant enterprises with obvious capacity advantages concentrated.

Looking at the current textile and chemical fiber industry chain, the leading position of the industrial chain has been highlighted.

And as the leading enterprises' influence and control power on the industry has increased significantly, more intense wars have emerged in these enterprises. With the acceleration of the integration of private refining and chemical industry in the beginning of the year and the establishment of the petrochemical integration project of polyester factories, there is no proof that the big guys in the chemical fiber industry have already had enough strength. What will the future market be like? We may take a look at the future planning of polyester leading enterprises such as new Feng Ming and Tong Kun.

Zhejiang announced the list of major industrial projects (first batch): Tong Kun group and new Feng Ming group are on the list.

Recently, the Zhejiang provincial development and Reform Commission and the provincial natural resources department announced the list of major industrial projects in Zhejiang Province in 2019. The 5 projects in Tongxiang were included in the first batch of major industrial projects implemented in 2019, involving about 1174.23 acres of land, with a total investment of about 7 billion 900 million yuan, including the Tung Kun group and the new Feng Ming group.

In addition, the Zhejiang provincial development and Reform Commission and the Provincial Department of land and resources also announced the list of the first batch of major provincial industrial projects in 2019, and 3 projects in Tongxiang were included. Projects that are included in the pre selection list will be allowed to apply for the use of urban, county and township land use planning indicators.

Polyester filament: Only "cycle wheel" failure, customer resources further concentrated on large enterprises!

In the changing international situation, the chemical fiber industry has changed its "cyclical wheel" to the "industrial chain theory", "differentiated product theory" and "functional product theory". Some enterprises are beginning to move towards the international community and complete the closed loop products of the group chemical fiber business abroad.

At present, Tong Kun, Xin Fengming, Rongsheng, Hengli, Hengyi, Sheng Hong six big polyester giants have formed two types of development track. One is to focus on the development of upstream refining and distribution, vigorously develop integrated refining and chemical projects, improve its own industrial structure, and the other focus on the strength of the polyester industry.

The future cyclical fluctuation of polyester industry is expected to weaken, and the dragon head is also expected to enjoy long-term and stable return on profitability.

Apart from the integration of the industrial chain, from the perspective of polyester industry, although the industry is in the upstream and downstream industries, the polyester industry and the PTA industry are on the contrary. They belong to the industries with strong accumulation and strong initial advantages, and the barriers to entry are also increasing with the promotion of energy consumption, environmental protection, safety and other indicators.

In recent years, the operation of chemical fiber market is like "roller coaster", especially the polyester industry is affected by the price of raw materials and other factors. The operation of polyester enterprises is divided, and resources are further concentrated to the dominant enterprises. The operation of the industry presents a "head effect", and the industry will continue this trend in the future. The resources include funds, customer resources, government resources, etc. small businesses are facing financial pressure and customer resources are further concentrated on large enterprises. At the same time, the ability of large enterprises to acquire government resources is much stronger than that of small enterprises.

Referring to the park planning and construction of enterprises such as Tong Kun and Xin Feng Ming, a total of 3-4 sets of equipment in a park are combined, with a total scale of about one million tons. The corresponding investment is more than 5 billion yuan. For non leading enterprises, the pressure on the capital is almost impossible to bear, and it is also very difficult to pass the examination and approval.

According to earlier news, the orders of two overseas winding heads suppliers, Germany, Bama and Japan TMT have all been monopolized by Tung Kun, new Feng Ming and Heng Yi. This also means that even after the late development companies have passed the examination and approval and capital clearance, the equipment must accept higher production and lower competitiveness.

At the same time, land resources have been a scarce factor in the development of Jiangsu and Zhejiang provinces, and can be rewarded with new land use indicators. The downstream weaving of chemical fibers in China is mainly concentrated in Zhejiang, Jiangsu, accounting for more than 40% (cotton spinning is concentrated in Shandong, Henan and other places), and the market of Jiangsu and Zhejiang has been basically carved up by leading enterprises. It is very difficult for the latter to get land, examine and approve and market. If there is no opportunity, it is almost impossible to achieve catch-up through fast volume, and the advantage of market card also consolidates the leading position.

To sum up, from the current industrial structure, this is the golden age of development for polyester leading enterprises. The gap between leading enterprises and small and medium-sized enterprises will further widen. New capacity is almost digested by giants. Leading enterprises continue to expand their market share, consolidating their competitive position and strengthening the control power of leading enterprises on prices.

But what we need to be careful is that the good time that the domestic polyester polyester industry once used to be able to cash in is gone forever. Therefore, it is necessary to spare no effort to change the internal and external businesses in the competitive marathon. At the same time, the biggest attraction of market competition is that, until the last moment, there is no final conclusion whether to win or lose. Who can laugh until the end is still unknown.

What Xiaobian wants to see is that behind the brutal survival of the fittest, the development of this industry will become better and better.