Polyester bottle sheets: Increase in equipment maintenance, industry start-up drops to a new low

Introduction: since the second half of this year, China's polyester bottle chips began to fall into a state of loss. After September, with the continuous upsurge of China's polyester raw material market, while the polyester bottle chip market has greater resistance to increase, so enterprise processing fees continue to reduce. Enterprises are forced to reduce production.

Since entering the second half of this year, the production of Chinese polyester bottle and chip enterprises has been in a state of loss. From July to mid-September, polyester raw material PTA continues to shock higher, ethylene glycol market shock is strong, polyester bottle chip enterprise production cost pressure continues to increase, while polyester bottle chip market is dragged down by weak supply and demand, market pull resistance is greater, polyester bottle chip market increase is far less than that of raw material market, so the overall profit space of Chinese polyester bottle chip enterprises has been greatly compressed, polyester bottle chip enterprise production loss intensified. By the middle of September, the profit of polyester bottle and chip enterprises dropped to the lowest level of-407 yuan / ton. Since late September, with the correction of polyester raw material PTA and ethylene glycol market, the production cost pressure of polyester bottle and chip enterprises has been reduced, so the enterprise loss situation has been slightly reduced, but it is still difficult to get rid of the loss situation. Throughout the second half of the year, the average production profit of polyester bottle chip enterprises is-181 yuan / ton.

The main reason for the long-term loss of polyester bottle chip enterprises in the second half of this year is the massive introduction of new production capacity. In the first three quarters of this year, the new production capacity of polyester bottle chips in China has reached 4 million tons, with a capacity growth rate of 32.32%. The total production capacity of Chinese polyester bottle chip enterprises has reached 16.37 million tons. The spot resources in the market tend to be relaxed, and the sales pressure in China increases, but the terminal demand in China continues to be weak, coupled with the lack of confidence of downstream enterprises in the future, low purchasing enthusiasm, and weakening of market supply and demand. Therefore, the polyester bottle chip market has been in a low range for a long time, and it is difficult for enterprises to make a significant improvement.

Under the pressure of low processing fees, the production enthusiasm of Chinese polyester bottle chip enterprises has decreased, and since September, the production of bottle chip enterprises has gradually increased. A 150000-ton plant in Anhua stopped on September 18; a 150000-ton plant in Yizheng Chemical Fiber was converted to slicing on September 15; the Shanghai far spinning small line plant began to switch to slicing in October; in late September, the 700000-ton plant in Sanfang Lane was stopped; a 600000-ton plant in China Resources Jiangyin was stopped for maintenance in early October. At present, the start-up of Chinese polyester bottle and chip enterprises will drop to a low level of 75%. Although the market supply has decreased significantly, as the weather turns cooler, the peak season of demand for polyester bottle chips in China is coming to an end, and the market demand will gradually decline, as China's polyester bottle chip industry enters a state of both supply and demand.

Recently, the international crude oil remains high, and the polyester raw material market remains high. Under the pressure of high cost, the polyester bottle chip market may maintain the finishing pattern, but the supply and demand side of the market will weaken, so the polyester bottle chip market in China will still face greater pressure in the later stage. It will be difficult for enterprises to improve their production profits, so short-term start-up of enterprises will remain low.