Polyester staple fiber is an important variety of synthetic fibers. Its products are mainly used in the cotton spinning industry. It is also known as the three major raw materials of the cotton spinning industry along with cotton and viscose staple fiber.
It can be said that challenges and opportunities coexist in my country’s polyester staple fiber industry in 2020. In the first half of the year, my country’s polyester staple fiber industry The industry is facing multiple difficulties. Crude oil prices continue to hit record lows. Domestic end-use textile and apparel export orders have also suffered heavy losses due to the spread of overseas epidemics. When most industries are suffering from the impact, polyester staple fiber has been able to stand out, both in terms of profits and output. All increased significantly compared with the same period in previous years.
Specifically, the spot processing fee for direct-spun polyester staple fiber from January to November is 1,453 yuan/ton. If calculated based on the breakeven processing fee of 1,000 yuan/ton, the industry profit is very considerable. , so enterprises are highly motivated to produce during the year.
Changes in direct spinning polyester staple fiber production capacity from 2014 to 2020:
In terms of production capacity, as of By November 2020, the direct-spinning staple fiber industry had added 460,000 tons of new production capacity that year (Quandi’s production capacity was transformed from cotton staple fiber to hollow staple fiber, so it is not counted as new), but excluding the 200,000 tons of Hengming’s Binhai Petrochemical After the short fiber installation, the annual production capacity is 8.161 million tons (including Wanjie’s 150,000 tons and Weifang Huahong’s 120,000 tons long-stop production capacity), a year-on-year increase of 3.29%.
Statistics on new direct spinning staple fiber production capacity in 2020:
Source: Longzhong Information
Changes in direct spinning staple fiber output from 2014 to 2020:
From the perspective of operating rate, the first quarter of 2020 was affected by the epidemic. Downstream yarns are basically at a standstill, and the operating rate of the short fiber industry is also low. However, starting from the second quarter, driven by the non-woven market, polyester staple fiber companies significantly destocked. Since then, the inventory has continued to remain low, and due to The profitability level is good, and the operating rate of short fiber enterprises continues to maintain a high operating level of over 90%.
Looking at 2021, in the first three quarters, only a 100,000-ton staple fiber production capacity in West China is to be put into production. The rest of the production capacity is mainly hollow and low-melting point differentiated varieties. There is no other conventional spinning production capacity, so it is expected that the overall industry supply pressure will remain small in the first three quarters of 2021. However, starting from the fourth quarter of 2021, the industry has added more production capacity. Many giant companies, including Hengyi and Xinfengming, have short fiber project production plans, and several other refining and chemical integrated companies have short fiber projects. It is possible that the project will be put into production, so it is expected that the supply pressure of the short fiber industry will gradually increase after 2022. The specific production details are as follows:
New statistics on the direct spinning polyester staple fiber industry in 2021-2022:
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