Big Figures Of PTA, Polyester Staple Fiber And Regenerated Cellulose Fiber Industry In 2020

[2960]: affected by the cost collapse and the demand for epidemic suppression, the spot price of PTA fell to 2960 yuan / ton on April 22, 2020, a new record low.

[2.87 times]: inventory at the end of the year increased by 2.87 times. The capacity of new units was released, the growth rate of supply was significantly higher than that of demand, and the increase of inventory was obvious.

[3217200]: the inventory pressure in the spot market was obvious, and the delivery warehouse was expanded twice. On December 15, 2020, the registered warehouse receipts reached a record high of 3217200.

[5.585 million]: in 2020, the new polyester plant will reach 5.585 million tons, and the new scale of the plant will reach a record high, but the growth rate is far less than that of the PTA plant at the supply end.

[64.90%]: the capacity concentration of PTA production enterprises has been continuously improved, and the proportion of Cr5 production capacity in the industry has reached 64.90%, and there is a trend of continuous improvement.

[320]: with the application of new technology, PTA processing cost can be as low as 320 yuan / ton, which has obvious cost advantages compared with the current average processing cost of 550 yuan / ton for mainstream devices.

[998100]: the supply capacity is released, and the superimposed demand is limited. In February 2020, the PTA accumulated 998100 tons in a single month, creating the largest PTA class library in a single month.

[31.294 billion]: the recovery of domestic textile coincides with the fermentation of overseas epidemic situation. In July 2020, the export volume of textile and clothing reached US $31.294 billion, a record high.

[17.25%].

[45.82%]: the profit of PX industry was cut back. Domestic production capacity and foreign load remained high, and the contradiction between supply and demand of PX led to a decrease of $170 / T, or 45.82%, compared with that in 2019. ‍

[8.29%] in 2020, the output of polyester staple fiber will increase by 8.29%. Although the decline of global demand caused by the epidemic situation has a great impact on the whole industry, polyester staple fiber relies on its price advantage to improve the alternative performance of other related products. In 2020, the output will reach 6.771 million tons, with a year-on-year growth rate of 8.29%, which is still at a high level.

[5250] in 2020, the price of polyester staple fiber will fall below a decade low, and reach the bottom line of 5250 yuan / ton at the end of March and September. With the continuous fermentation of overseas public health events, crude oil fell sharply, and polyester staple fiber, as a petroleum based fiber, naturally could not escape the general trend. Moreover, due to the serious decline in foreign trade demand, the price of polyester staple fiber hit the bottom many times in the year.

[5.99%] in 2020, the yield of polyester staple fiber is 5.99%, which is the highest among polyester products. Benefiting from the increasing demand for epidemic prevention materials and the cost advantage brought by the low polymerization cost, polyester staple fiber continued to show the phenomenon of low inventory and high profit in this year, and the industry profit continued to be good.

[- 9.9 days] in 2020, the lowest equity stock of polyester staple fiber is - 9.9 days, which is the lowest level in five years. Also benefited from the growth of demand for epidemic prevention materials, in addition, the entry of some social funds and futures merchants also helped enterprises to go to the warehouse by a large margin. In December 2020, the inventory of polyester staple fiber enterprises reached a new low.

[3584] in 2020, the polymerization cost will reach a new low in the past 10 years. The spread of overseas epidemic intensified the panic atmosphere in the market. WTI crude oil futures showed negative value in April, which also reduced the aggregate cost to a new low in 10 years, with the lowest aggregate cost of 3584 yuan / ton in the year.

[- 20.2%] from January to November 2020, the export volume of polyester staple fiber decreased by 20.2% year on year. Affected by the continuous spread of overseas epidemic situation and trade friction events, China's PET staple fiber export volume accumulated 718800 tons from January to November 2020, a year-on-year decrease of 20.2%.

[82.63%] in 2020, the average annual operating rate of polyester staple fiber is 82.63%, which is a new high in five years. Affected by high profits and low inventory, staple fiber enterprises are more active in production. Except for the low start-up in the industry due to the domestic epidemic situation in the first quarter, the operating rate of polyester staple fiber in the remaining three quarters was higher than that in the same period of previous years.

[31.76%] the spunlaced non-woven fabric downstream of polyester staple fiber involves the demand for some anti epidemic materials, and the production capacity and output have increased significantly; the number of new Spunlaced lines will increase greatly in 2020, and most of them will be put into operation in 2021. It is estimated that the spunlaced production capacity will reach 1.7 million tons in 2021, and the capacity growth rate will reach 31.76%.

[7 + 4] polyester staple fiber futures were listed on Zhengzhou Commodity Exchange on October 12. Seven enterprises were initially designated as delivery brands, and five staple fiber brands were added as delivery brands in November.

[4.45 million tons] the new production capacity of polyester staple fiber is expected to be 4.45 million tons from 2021 to 2022. Affected by low inventory and high profit, polyester staple fiber project planning is favored. According to statistics, from 2021 to 2022, the total production capacity of polyester staple fiber will reach 4.45 million tons, and the total production capacity of polyester staple fiber industry will reach 12.61 million tons.

[23] in 2020, there will be a total of 25 years of viscose staple fiber production enterprises in China. Under the condition of continuous loss, the number of viscose staple fiber enterprises in China will be narrowed to 23 by excluding the long-term stop production capacity in 2021.

[61.8%] domestic and foreign sales were hindered. In the first half of the year, viscose staple fiber startup remained low, and the average startup rate in May was 61.8%, the lowest level in the year. The annual output was 3.7 million tons, which was - 5.61% year-on-year.

[391000 tons] the imbalance between supply and demand in the first half of the year led to the growth of physical inventory of viscose staple fiber factories, reaching the highest level of 391000 tons in early May.

[16.9%] the epidemic situation led to the growth of non-woven demand. In 2020, the output of viscose staple fiber for non-woven was 626000 tons, accounting for 16.9% of the total production capacity of viscose staple fiber, an increase of 5.9% compared with last year.

[4300] in 2020, the price difference between non-woven viscose staple fiber and spinning staple fiber will be as high as 4300 yuan / ton in May, and the annual average price difference between non-woven viscose staple fiber and spinning fiber will be 1256 yuan / ton in 2020.

[39.4%] Lyocell fiber is known as the green fiber in the 21st century, and its production capacity has developed rapidly. From 2012 to 2020, the annual compound growth rate of China's lyocel fiber is 39.4%.

[- 2700] in 2020, the price difference between lyocell and modal will turn positive and negative, and it will continue to expand. By the end of 2020, the price difference between lyocell and modal will reach more than - 2700 yuan / ton.

[November] the export volume of viscose staple fiber from January to June decreased by 20.4% year-on-year. Efforts were made from July to November to drive the annual export volume to turn positive year-on-year, and the export from January to November increased by 0.37% year-on-year.

[2100 sets] the production cost of vortex spinning process is low. In 2020, the number of vortex machines in China will increase to 2100. It is estimated that the vortex machines will continue to grow in 2021, thus increasing the demand for viscose staple fiber.

[5500] at the end of July, viscose staple fiber and man-made cotton yarn hit the bottom and rebounded, and the price at the end of the year hit the peak within the year. Among the human and cotton yarn, Siro rose by 5500, vortex rose by 5000-5200, ring spun yarn increased by 3200-4000, and viscose staple fiber increased by 3070. ‍