The first half of the year is fleeting. In the past six months, the polyester chemical fiber market has experienced the strongest test. The industry has always been labeled as high inventory, low production and sales, low operating conditions, and tight cash flow. Among them, the price of polyester filament once fell to a new historical low. However, market competition in the entire industry has also escalated again, with the market increasingly concentrating on a few giant companies with leading technologies and obvious production capacity advantages.
Overview of this year’s textile and chemical fiber industry Chain, as the influence and control of leading companies on the industry has increased significantly, more intense wars have emerged among these companies. With the acceleration of private refining and chemical integration at the beginning of the year and the petrochemical integration project of polyester factories, The start of construction proves that the industry leaders are working hard! We might as well get a glimpse of the clues from the production projects of several leading polyester companies.
1. Recently, Xinfengming announced a new development plan to expand upward After adding PTA, I finally started to develop horizontal lines into short fibers and films. The production capacity of 2 million tons should be a significant production capacity in the short fiber industry.
According to incomplete statistics Production capacity, this is also a leapfrog production capacity doubling plan.
Xinfengming’s estimated production capacity:
2. Another 500,000-ton differentiated FDY transformation project of Hengyi subsidiary was put into operation. This is a typical A typical example of redevelopment of old production capacity in the same place after closing. Through the integration of production capacity, Hengyi has successfully entered the Jiangsu market. It has a Taicang base in the south and a Suqian base in the north. At the same time, it has expanded production capacity based on the existing production capacity in the Fujian market. Through the integration of Jiaxing Longteng and the construction of Haining base, it has entered Tongkun and Xinfengming. Base camp.
Hengyi’s estimated production capacity:
New production in the industry has exceeded expectations! In the first half of the year, 2.93 million tons of new polyester production capacity were added
The total new domestic polyester production capacity in the first half of 2020 was at 2.93 million tons, of which a total of 1.2 million tons of new polyester filament production was put into operation, accounting for 41% of the total new polyester production. In comparison, the new domestic polyester production in 2019 totaled 1.37 million tons, of which a total of 53.3 million new polyester filament production was put into operation. million tons, accounting for 38.7% of the total new polyester production that year. In comparison, although the overall economic and terminal demand background in 2020 has dropped significantly compared with 2019, the growth rate of new production capacity of polyester and polyester filament has increased significantly during the same period.
On the one hand, based on the acceleration of refining by domestic leading polyester companies -Polyester-integrated industrial layout. On the other hand, judging from the ownership of the production equipment of the group, it is basically among the top five companies in polyester filament production capacity. The leading company has strong capital and risk control capabilities. Under the unoptimistic supply and demand pattern, through its own Enterprise strength expands enterprise production capacity to further increase industry share, squeezing the living space of small and medium-sized enterprises; in addition, most of the products put into production are unconventional products with certain differentiation. Therefore, even though the imbalance between supply and demand for polyester filament yarn was significant in the first half of the year, leading companies still “bounced the trend” and implemented their previous production plans from the perspective of the industry’s long-term strategy.
In general, leading companies have achieved better-than-expected performance in new production in the industry through strong risk control and financial strength. </p
