In 2020, the economic situation at home and abroad is still complex and severe. Affected by the epidemic, the overall demand in the chemical fiber industry has weakened, the contradiction between supply and demand has become prominent, market prices have dropped, and industry profitability has declined.
No matter what the chemical fiber market is like, in order to gain greater advantages, polyester “big guys” will not miss opportunities in the future, and the industry’s big moves represented by leading companies are still continuing.
Xinfengming Group’s 300,000-ton polyester project was successfully put into production
The total polyester production capacity officially exceeded 5 million tons
At 6:58 am on November 17, warm applause came from the centralized control room of Zhongyi Company. Huiliang personally pressed the PTA feeding command, and Zhongyi ZCP12 was put into operation smoothly! The group’s polyester production capacity officially exceeded 5 million tons!
It is understood that Zhongyi ZCP12 has an annual output of 300,000 tons of intelligent, low-carbon differentiated fiber project. As the first China Textile Institute device in Xinfengming, it adopts low-temperature, refined , flexible five-kettle melt direct spinning process technology, the introduction of the world’s advanced Barmag high-speed POY winding machine, equipped with world-class automatic doffing, automatic packaging, three-dimensional warehouse and other intelligent manufacturing equipment, representing the advancement of the industry productive forces. The completion and commissioning of this project marks that Zhongyi Company has an annual fiber production capacity of 600,000 tons (Zhongyi ZCP11 fiber project with an annual output of 300,000 tons was completed and put into operation in April this year).
Xinfengming said that the completion and commissioning of the project will further optimize the company’s product structure, increase product added value, and effectively enhance the company’s core competitiveness and Market share has become the decisive step for the successful conclusion of the “two 5 million tons” projects.
Hengyi Haining 1 million tons/year
The fourth production line of differentiated environmentally friendly functional fiber project is put into operation
Recently, Haining Hengyi New Materials Co., Ltd., a subsidiary of Hengyi Petrochemical Co., Ltd. (hereinafter referred to as the “Company”), launched the “1 million tons of differentiated environmentally friendly functional fiber construction project per year” (hereinafter referred to as the “Project ”) The supporting projects related to the fourth production line Line E (with a production capacity of 125,000 tons/year) have been successfully put into operation and are producing qualified products normally. E-line products are mainly full-matt POY.
The first set of production line G line of the project (capacity 250,000 tons/year) and related supporting projects were completed and put into operation on February 23, 2020. The second set of production line F line ( (capacity: 125,000 tons/year) and the third production line Line C (capacity: 250,000 tons/year) and related supporting projects were completed and put into operation on October 12, 2020.
As of now, Haining Hengyi New Materials Co., Ltd. has put into production a total of 750,000 tons, and the remaining production capacity will be promoted in an orderly manner in accordance with the company’s plan to ensure the smooth start of the project.
Leading companies with production expansion projects
will receive large dividends in the field of polyester filament
There are currently high barriers to entry for polyester filament. Differentiated products have very high technical requirements, and my country’s polyester fiber filament industry started late, with a shortage of experienced managers and engineering technicians. This has become the main obstacle restricting the establishment of domestic differentiated polyester fiber filament companies. one.
The polyester industry tends to be centralized. The number of domestic polyester industry companies with a scale of more than 20 million is 776, among which six companies (CR6), Hengli, Tongkun, Xinfengming, Shenghong, Hengyi and Rongsheng, have a production capacity of more than 1 million tons/year. .
Data show: About 5.3 million tons of polyester filament production capacity will be released in the next three years. In 2019, the domestic polyester filament production capacity was 41.34 million tons. Companies led by Hengli Petrochemical and Hengyi Petrochemical will release the company’s new polyester filament production capacity in the next three years.
If the production projects of all manufacturers are put into production as planned, the increase in polyester filament production capacity from 2020 to 2022 will be 2.125 million tons, 1.925 million tons and 1.25 million tons respectively.
Affected by the epidemic this year, the demand for polyester filament has declined. Since 2020, market sentiment has been at its lowest level in the past six years. Polyester filament is used in the textile and apparel industry, and the market for polyester filament is greatly affected by the downstream textile and apparel industry. As the economy is slowly recovering, the polyester filament industry is expected to recover in the future.
According to agency forecasts, the capacity utilization rates of polyester filament in the next three years will be 89%, 92% and 100% respectively, showing an upward trend year by year. Therefore, even if the epidemic affects the demand side of polyester filament in the short term, it will not change the good trend of this product in the future. Leading companies with production expansion projects will receive large dividends in the field of polyester filament. </p
