Introduction: As the integrated refining and chemical production capacity layout continues to deepen, polyester filament yarn production capacity is still expanding rapidly. In 2020, polyester filament yarn production capacity will be 33.713 million tons/year, with a production capacity growth rate of 10.60%. Polyester filament yarn production capacity is expanding The pace is mainly focused on leading enterprises in existing polyester factories, with polyester filament CR5 accounting for “half of the industry”.
Polyester filament CR5 production capacity estimate and proportion in 2021
Source: Longzhong Information
Judging from the polyester filament CR5 production capacity, According to statistics from Longzhong Information, the total polyester filament production capacity in 2020 is 33.717 million tons/year. The new polyester filament production capacity during the year is mainly concentrated in leading polyester factories, such as Tongkun, Hengyi, Xinfengming, Shenghong, Hengli, in 2020, the new polyester filament production capacity will be 3.75 million tons/year, with a production capacity growth rate of 12.51%. The total polyester filament production capacity is expected to be 37.54 million tons/year in 2021, and the new production capacity will be 3.82 million tons/year. The production capacity The growth rate was 11.33%, of which CR5’s new production capacity accounted for 62.34%, mainly concentrated in leading manufacturers.
Proportion of polyester filament production capacity by province in 2020
Source: Longzhong Information
Looking at the polyester filament production capacity of each province , Longzhong Information data shows that the proportion of each province in China’s polyester filament production capacity in 2020 is as follows, Zhejiang accounts for 66.98%, followed by Jiangsu, accounting for 25.36%, and Fujian again, accounting for 6.76%. In addition, Shandong and Liaoning each have one company accounting for a very small proportion. It is expected that the proportion of Jiangsu and Zhejiang will decline slightly in 2021, and that of Fujian, Liaoning, and Shandong will increase slightly. New filament factories in Xinjiang will be added. The overall proportion will not change much. Jiangsu and Zhejiang will still be the main ones, and the new production capacity areas will mainly be in the current area. Major polyester filament factories such as Tongkun, Hengyi, Shenghong, Xinfengming and Hengli are mainly expanding their production capacity.
Judging from the restart of long-term shutdown devices of polyester filament installations, the restart situation of long-term shutdown devices of polyester filament yarn devices in 2017-2018 is as above. Due to the surge in demand for polyester filament yarns in 2017-18, high profits have resulted in a total of approximately 1.76 million tons/year polyester filament yarn installations. The director has shut down the units and resumed operation. The restarted units are mainly concentrated in Jiangsu and Zhejiang. In recent years, with the rapid expansion of production capacity and the surge in polyester filament production capacity of large refining and chemical integrated factories, the processing fees of some small factories are currently lower than that of large factories. In the future, there may be There is a risk that some factories will be forced to shut down further.
To sum up, the domestic polyester filament production capacity is mainly concentrated in Jiangsu and Zhejiang. Although the long-stop equipment has been partially restarted in 2017-18, with the integration of refining and chemical Related to the rapid expansion of polyester filament production capacity, leading companies will still hold “half of the market” for polyester filament in the future.