The spandex industry recovers in the peak season, and fine denier silk is sold out of stock.
with the arrival of the traditional peak season, the spandex industry has ushered in a wave of boom improvement. Benefiting from the limited new production capacity and the continuous low price of upstream raw materials, the production price of Spandex Enterprises has recovered, and has stood on the cost line. In addition, the inventory of "fine denier silk" among spandex varieties is close to zero, which is sold out of stock
"although the downstream textile industry has recovered, it is only a weak recovery." The Secretary of a listed spandex company in Zhejiang said that the impact from the supply side production capacity is particularly valuable when the downstream textile demand has not been effectively restored. "In addition to the influence of traditional peak season factors every year, the boom of spandex is mainly because there is no impact of new production capacity."
the above person said that since the second half of 2012, the new capacity of the spandex industry has been limited, the industry has entered the stage of capacity digestion, and the supply and demand pattern has begun to improve. In 2012, the capacity growth rate of spandex was 7.4%, and most of them were put into operation in the first half of 2012. In the same period, the growth rate of apparent consumption in 2012 reached 12.7%; And the new capacity of spandex in the next two years is relatively small
although the inventory of major listed spandex companies in China is maintained at a very low level, there are also differences in the improvement degree of different varieties in the field if the change-over switch is turned to the "fast back" position. Among them, fine denier silk performed well in this peak season and was sold out. Therefore, enterprises with high proportion of fine denier silk varieties will also have greater performance flexibility
it is understood that the annual production capacity of the entire spandex industry is 450000 ~ 500000 tons, of which fine denier silk accounts for an average of 30%. Public information shows that for domestic listed companies, the production capacity of Huafeng spandex is 57000 tons, and fine denier silk accounts for 50%. In the whole industry, the proportion of fine denier silk products is the highest
in addition, in addition to the impact of new capacity, the decline in raw material costs has also made a significant contribution to the profits of the spandex industry. The selling price of PTMEG, one of its main raw materials (poly (tetramethylene glycol ether), which maximizes the recycling of waste plastics, has fallen from a high of more than 30000 yuan per ton last year to 27000 yuan at present
it is understood that China's current PTMEG production capacity is about 300000 tons, and about 90% of downstream demand is spandex. Zhangbaoping, chemical fiber industry analyst at Founder Securities, predicts that by 2013, PTMEG will usher in an explosion period of production capacity, and a large number of PTMEG new and expansion projects such as Guodian yinglide and Jianfeng Chemical will be put into operation
"if all are put into production, the production capacity of PTMEG, the upstream raw material of spandex, will be doubled." Zhang Baoping said, "PTMEG's profits will decline systematically, which is conducive to spandex production enterprises." In addition, according to the new requirements, the price of MDI (polyurethane), another raw material upstream of spandex, generally shall not exceed 1.5 of the specified maintenance interval; Lattice is showing a stable trend, which will also be conducive to spandex production
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