Introduction: The fiber rose sharply after the holiday, and the increase was so large that it perfectly boosted the entire polypropylene market. The price soared from 7,000 yuan per ton before the holiday. At the current price above 9,000-10,000 yuan/ton, Secco 2040 is even more difficult to find. The sharp increase in fiber materials has driven the non-woven market to follow the rapid growth, and the supply of non-woven fabrics is in short supply. Mainstream domestic brands of sanitary products non-woven The cloth market has consolidated and moved upward, with prices rising from 15-18 yuan/kg before the holiday to over 30 yuan/kg currently.
The domestic epidemic is coming to an end, and the international epidemic has spread to a wide range of areas. The large number of confirmed cases has made masks a hot commodity. The acceptance of wearing masks by people in European and American countries, which are at the epicenter of the epidemic, has greatly improved. The global daily demand for masks may reach hundreds of millions, and orders for hundreds of millions of overseas masks are emerging. China has sufficient production capacity for masks and medical masks. Since the outbreak of the epidemic, mask production capacity that was originally suspended due to the Spring Festival holiday or for other reasons has responded proactively and quickly resumed production. The growth rate of daily mask production is amazing! The mask production capacity alone has more than quadrupled in one month, with daily production capacity exceeding 100 million pieces.
Data source: Jin Lianchuang
China is the world’s largest mask producer and exporter, accounting for about 50% of the world’s mask production, 70% of which is exported. The United States imports 90% of its masks from China, and Japan relies on China for 70% of its masks. At present, China’s mask production has increased more than 10 times to a daily production capacity of 120 million pieces, but the global mask supply and demand gap still cannot be alleviated. In order to ensure the supply of key medical supplies, the state has introduced a series of policies intensively, established a national temporary purchase and storage system, and clarified that all key medical protective materials produced in large quantities will be purchased, purchased and stored by the government, and a list system will be implemented for key enterprises in epidemic prevention and control. Provide tax and financial support, establish a temporary production scheduling system for key enterprises, dispatch special commissioners stationed in enterprises to expand production, market supervision departments “handle special cases”, speed up the approval process, etc. A large number of companies in the non-medical equipment field have joined the mask production army, which has become a turning point for my country’s mask production capacity explosion. my country’s daily mask production has grown super fast. In addition to ensuring the normal resumption of domestic work and production, it also provides varying degrees of support. International friendly countries, between March 6 and March 21 alone, China has provided 23 million masks to more than 20 countries and regions and 25.5 million medical masks to Russia.
The demand for masks has surged across the country and even other countries, with a sudden surge in demand The supply of masks is extremely scarce. Driven by a large number of orders and profits, small melt-blown lines have been launched intensively. Melt-blown materials with a melt index between 400-500 are required. It is difficult to purchase in the market. Low melt can be achieved by modifying 2040 Referring to the demand, Secco 2040 has become the object of speculation due to its specificity. It is reported on the Internet that the non-woven fabric produced by Secco 2040 products is very similar to melt-blown fabric. However, Secco also issued a statement as soon as possible and has never sold it to any market or market. Users expressly or implicitly state that S2040 polypropylene products can be processed and applied in the field of melt-blown non-woven fabrics, and do not provide any guarantee for the use of this product for these special or individual purposes. Dushanzi Petrochemical also issued usage statements one after another that night, but the hype continued The enthusiasm has not faded away, and the price of fiber materials with high melt index remains at 7,600-8,600 yuan/ton.
The concentrated outbreak of the epidemic in Europe and the United States has caused a large number of domestic export orders to be canceled. Due to the anti- The export of epidemic materials is not restricted, and many environmental protection, diaphragm and electronic materials companies have produced melt-blown cloth and masks for export. At present, there is relatively abundant high-melt index fiber material for the production of S layer. Before the outbreak, only two oil companies concentrated on production, highlighting their mission at critical moments. In the early days of the domestic epidemic, raw materials were frequently in short supply, and refining and chemical companies spontaneously switched production to ensure supply. Baofeng Energy, Jiutai Energy, Zhongtian Hechuang, Shenhua Baotou, China Coal, Yanneng Chemical, Hengli and other companies produced fiber for the first time to ensure the needs of the epidemic.
Cross-border production materials of refining and chemical companies
Enterprise Cross-border masks
The current epidemic has caused a short-term surge in demand for medical supplies. Whether it is state-owned enterprises or large listed companies, they are engaged in cross-border production. This fully reflects the strong sense of social responsibility of these companies and is worthy of praise. Companies that cross-border into medical supplies will be able to rapidly expand the industry’s production capacity and supply in the short and medium term. Meltblown fabrics account for only 0.9% of non-woven fabrics, and are mainly used for environmental protection, diaphragms, and wiping materials. Only 10% produce masks. At present, all existing melt-blown fabric production capacity is expected to be converted to the production of masks. The upper limit bottleneck is approaching. Many powerful domestic companies have begun to rapidly expand production capacity. Even if all the melt-blown fabric production capacity under construction is included, my country’s exportThe short-term production line of the hood is about 200 million units per day. Since it takes at least 2-3 months to build a new melt-blown fabric production capacity, it only takes 1 month to convert non-medical melt-blown fabric production and adjust the production process of SMS spun-melt composite production line. If all of this part is converted, it will have an annual production capacity of 150,000 tons. The potential is equivalent to 400 million masks. We expect that meltblown cloth will maintain high prices for a certain period of time in the future.
The early shortage of high-melt fiber raw materials for masks was due to logistics and inventory problems Impact, with the rapid change in the production direction of refining and chemical companies, basic supply has been guaranteed, and temporary demand has also cooled down. However, at the end of March, the national search for 2040 was once again aroused. Fiber topped the hot search list for the second time this year, and it stood out with great momentum.
Data source: Jin Lianchuang
In the first quarter, the output of general materials of coal-based enterprises gradually declined. Driven by profits, the output of special materials increased, and the temporary demand for fiber volume cooled. The decrease from 180,000 tons in February to 140,000 tons in March has also become the source of the difficulty in finding goods in the market. With the gradual resumption of operations, oil companies have shifted from reducing burdens and reducing production to rapidly increasing production, and wire drawing production has increased from 520,000 tons in February to 650,000 tons in March. According to Jin Lianchuang’s data calculation, a total of 444,000 tons of non-woven fiber materials were produced in the first quarter, an increase of 205,300 tons compared with the fourth quarter of last year, and 1.93 million tons of wire drawing, a decrease of 190,000 tons compared with the fourth quarter of last year. The market supply of standard products during the quarter was by Relaxation gradually turns to shortage, and fiber production gradually increases. Under the premise of abundant supply, the market is still rising. The current domestic main fiber production situation is summarized:
Data source: Jin Lianchuang
The rapid increase in fiber materials has led to the simultaneous follow-up of other varieties of polypropylene. The price of standard products is currently in short supply and has increased by 500-600 yuan/ton. Fiber bidding premiums are obvious. Online auction resource Shenhua has a premium of 1,400 yuan/ton, Baofeng has a factory price increase of 1,500 yuan/ton, Juzhengyuan has a premium of 1,600 yuan/ton, China Petroleum Resources has an upward range of 700-1,200 yuan/ton, and the market fiber price The price reached between 9,500-10,000 yuan/ton, and the price difference with the standard product quickly expanded to more than 2,000 yuan/ton.
Data source: Jinlianchuang
According to Jinlianchuang’s tracking, the country’s current production of high-melting The fiber production capacity is 5.04 million tons, and the daily output is around 15,000 tons. With the continuous development of the global epidemic, mask companies and medical supplies manufacturers in various places have increased production, followed by polypropylene non-woven special materials. As well as the increase in demand for medical materials, the National Health Commission also stated that residents wearing masks are expected to continue until June. If the people’s subjective protection is strong, it is expected to last longer. At the same time, as the epidemic situation abroad is still on the rise, many foreign countries have also seen tight demand for masks. In summary, domestic and foreign demand is expected to remain high for a period of time, and the market’s rising momentum is also maintained simultaneously. Fiber prices It will stand firmly above the 9,000 yuan mark.
Foreign trade data from January to February has not yet released the export quantity of plastic products, only the amount. The cumulative exports from January to February were 56.99 billion yuan, a year-on-year decrease of 14.8%, because the subsequent impact of the epidemic is still will drop. The operation of major downstream polypropylene enterprises has returned to normal levels. Insufficient domestic demand has combined with damage to international export orders. Support through downstream demand is obviously insufficient. Except for the increase in fiber products, the increase in other varieties is not strong and the impact of the epidemic is still there. Continuing, the impact on the global economy will be difficult to alleviate in the short term, and subsequent systemic risks are increasing. There will be a rebound in the short term. It is better to be safe in time. The cold winter of the epidemic will eventually end, and the polypropylene market will have a warm spring.
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