The New Production Has Exceeded Expectations. In The First Half Of The Year, New Polyester Production Capacity Of 2 Million 930 Thousand Tons, Industry Giants Are Desperately!

In the first half of the year, the polyester fiber market has experienced the most powerful test in the past 6 months. The industry has always been labeled with high inventory, low production and marketing, low start-up and tight cash flow, and the price of polyester filament has dropped to a new low in history. However, the market competition of the whole industry is also upgrading again, and the market is increasingly leading to a few technologies, and the giant enterprises with obvious capacity advantages are concentrated.

Taking a look at this year's textile and chemical fiber industry chain, with the influence and control power of leading enterprises on the industry obviously enhanced, more intense wars appeared in these enterprises. With the acceleration of the integration of private refining and chemical industry in the beginning of the year and the establishment of petrochemical integration projects in polyester factories, there is no proof that the industry giants are already strong enough. We may take a look at the project of several polyester leading enterprises.

1. recently, new Feng Ming announced a new development plan. After expanding PTA, it began to develop into short fiber and film. The 2 million ton capacity scale should be a heavy weight capacity in the short fiber industry.

　　 According to the capacity of incomplete statistics, this is also a leap through capacity doubling plan.

New Feng Ming estimated capacity:

　　 2. another 500 thousand FDY transformation project of Hengyi subsidiary was put into operation. This is a typical example of a typical RE development of old capacity after being sold out. Through the integration of productivity and prosperity, Jiangsu market was successfully entered, and Taicang base in the South has Suqian base. At the same time, the Fujian market has the capacity to expand its production capacity. Through the integration of Jiaxing Longteng and Haining base construction, it has entered the base of Tung Kun and new Feng Ming.

Heng Yi estimated capacity:

　　 The industry's new production has exceeded expectations. New polyester production capacity in the first half of 2 million 930 thousand tons

In the first half of 2020, the total volume of domestic polyester production increased to 2 million 930 thousand tons, of which 1 million 200 thousand tons of polyester filament were newly put into operation, accounting for 41% of the total production of polyester. Compared with 2019, the total output of polyester in China totaled 1 million 370 thousand tons, of which 530 thousand tons of polyester filament were newly put into operation, accounting for 38.7% of the total volume of polyester newly put into operation in that year. In contrast, although the overall economic and terminal demand in 2020 showed a marked decline compared with 2019, the growth rate of polyester and polyester filament increased significantly during the same period.

　　 ? ? On the one hand, based on the domestic polyester leading enterprises accelerating the industrial layout of the refinery and polyester industry, on the other hand, from the commissioning group belonging to the group, the enterprises are basically five of the production capacity of the polyester filament, and the leading enterprises have strong capital and risk control capabilities. Under the condition of not optimistic supply and demand, the expansion of enterprise capacity through the strength of their own enterprises further improves the occupation rate of the industry and squeezing small and medium-sized enterprises. The survival space of enterprises; moreover, most of the products put into production are non conventional products with certain differences. Therefore, even in the first half of the year, the imbalance between supply and demand of polyester filament is more obvious, but leading enterprises are still going against the trend from the long-term strategic perspective of the industry.

On the whole, leading enterprises through the strong wind control and financial strength make the new production of the industry more than expected.