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Polyester Chip Production Capacity Continued To Expand Significantly In 2020.

2020/6/16 11:17:00 0

Under the epidemic, the pace of polyester chip production has slowed down, but has never stopped. At present, the new production capacity of PET chips is near 375 thousand tons (the polyester filament device is calculated according to the 10% sides of the side cut). It is estimated that the production of polyester chips will be expected to start near 670 thousand tons in the second half of the year. By the end of 2020, the new production capacity is expected to reach up to 1 million tons.

Fig. 1 commissioning of polyester chips and related varieties in the first half year

Unit: 10000 tons

enterprise	capacity	Original planned production time	Estimated time of production	accessory products	place
Heng Yi Haining	Twenty-five	2020/2/1	Two On 20 June, it has been put into operation.	Polyester filament	Haining
Chongqing wankai	Sixty	2020/2/1	Three On 25 June, it has been put into operation.	PET bottle flakes	Fuling
Jiaxing Yi Peng	Twenty-five	Two thousand and twenty First half of the year	Three On 31 June, it has been put into operation.	Polyester filament	Jiaxing
Dalian Yisheng	Thirty-five	2020/2/1	Four On 6 June, it has been put into operation.	PET bottle flakes	Dalian
New Phoenix and Zhongyi	Thirty	2020/3/1	Four On 9 June, it has been put into operation.	Polyester filament	Jiaxing
Nantong Heng Ke	Ten	Two thousand and twenty February 2013	Four The end of the month has been put into operation.	Polyester filament	Nantong
Jiangsu Lixin	Three	Two thousand and twenty year	Five 23 June	Matching differentiation	Shengze
Yangzhou	Five	Two thousand and twenty Year Q1	Five Put into operation at the beginning of the month	Polyester staple fiber	Yangzhou
Wuxi Huaya	Twenty	technical transformation	Five 28 June	Matching industrial yarn	Wuxi
Hong Hong Sheng Hong	Twenty-five	Five Monthly low	Recently it has been heating up.	Polyester filament	Wujiang
Fujian Yi Jin	Ten	Two thousand and twenty First half of the year	Six On 9 June, it has been put into operation.	Polyester chip (30 thousand), staple fiber	Jinjiang

Source: lung Chung

Two thousand and twenty In the first half of the year, although the production of some factories was postponed due to the suppression of the epidemic situation, in fact, the expected completion in the first half of the year was basically completed. The new production of polyester chips could reach 375 thousand tons / year (including Huaya technical transformation 200 thousand, Lixin 30 thousand, Yi Jin 30 thousand and other device side cutting capacity). Compared with the 500 thousand tons in the first half of 2019, although the capacity growth rate has slowed down, in fact, the slice profit of the first half of the year is generally higher than that of filament yarn. Many new production lines of polyester plant have been elongated for a long time, and the actual slicing is difficult to estimate.

Fig. 2 trend of commencement of sliced spinning filament (Xiao Shao) (2019-2020)

Source: lung Chung

As the largest downstream chip of polyester chip - sliced spun filament yarn, it is not enough to describe it with "deep water" in 2020. Since the development of melt direct spinning in 2000, the slicing industry has gradually shrunk. In 2015, about 9000000 of the polyester chip production capacity shrank to about 5000000 tons, and with the gradual expansion of the various fields of slice use, the number of polyester chips increased to more than 8 million tons in 2018. In the first half of this year, sliced spinning filament (Xiao Shao) Zhou Jun started up to 34%, falling to its lowest level in five years. As shown, the 3-5 month is the time when the order is the largest and the load is the highest. In the same period of 2019, the average starting point reached 56%, and this year fell to 45%.

Since June, some individual slicing manufacturers have opened the holiday mode. It is expected that after the middle of this month, the start of slicing spinning will continue to decline, and many small and medium sized polyester chips still have "oversold" orders to maintain. It is estimated that the enterprise inventory will reach a neutral position in June. In the past years, there will be demand for replenishment of autumn and winter orders in August, plus polyester chips in the first half of the year. In the three quarter, the drop in the load may not be great, and the impact on the production schedule is relatively small.

Two thousand and twenty Polyester chip production plan in the second half of 2014

Unit: 10000 tons

enterprise	capacity	Original planned production time	Estimated time of production	accessory products	place
Zhejiang three dimensional	Twenty-five	Five 1 June	Seven month	PET chip	Taizhou
Yizheng chemical fibre	Twenty	Two thousand and twenty Year Q2	7-8 month	Polyester staple fiber	Yizheng
New Phoenix and Zhongyi	Thirty	Two thousand and twenty March 2013	Half a year	Polyester filament	Jiaxing
Fujian Bai Hong	Twenty	Two thousand and twenty The 2 quarter of 2014	Three quarter	PET chip	Jinjiang
Heng Yi Haining	Fifty	Two thousand and twenty The second half of the year	second half	Polyester filament	Haining
Suqian Yida	Thirty	Two thousand and twenty year	second half	Polyester filament and polyester staple fiber	Suqian
Tong Kun Heng Chao	Fifty	Two thousand and twenty year	Seven 1 June	Polyester filament	Tongxiang
Nantong Heng Ke	Sixty	Five 1 June	Two thousand and twenty Year end	Polyester filament	Nantong

Source: lung Chung

Two thousand and twenty In the second half of this year, the new production capacity of polyester chips is expected to reach up to 670 thousand tons. The third quarter is expected to increase production capacity of 520 thousand tons of 10000 tons (main production capacity of 450 thousand), the fourth quarter is mostly side cutting capacity, the whole year, polyester chip production capacity is expected to reach 1 million tons. In the first half of the year, the "bottom up" storm made it difficult to estimate the social stock of polyester chips. Therefore, in the second quarter of this year, the polyester chip industry has a distinct feature. When the price of polyester chips is relatively high and relatively stable, low price goods are springing up, which is more or less a blow to the polyesters enterprises. Through the third quarter, it is estimated that the inventory crisis of polyester enterprises can not be ignored at the end of 2020.