The Opening Market Of Ji Lu Yu Market Has Not Yet Played.

At present,

Regional

Few days after the start of the year, it is still a quiet trend.

Raw material market, although some cotton enterprises have started, but started slowly, and cotton prices are somewhat lower trend, downstream manufacturers still keep low inventory, follow the principle of buying.

It is hoped that the rhythm of the overall market will become apparent after the first fifteen of the month.

Enterprises are also making use of these few days after the commencement of the cold market, sorting out their thoughts and standardizing labor discipline, and striving to make them work as soon as possible after the holidays.

Although cotton prices have dropped slightly, so far

The price is also equal to that before the festival, and there is no big discrepancy. Most of the textile enterprises have resumed production after the festival, and some enterprises are still in operation.

The market situation after the festival has made many spinning enterprises still very difficult. In February, fewer working days and fewer shipments resulted in tight funds, raw material stocks were not enough, the market after the festival started slowly, the funds still had no entry, and faced with the problem of paying wages and raw materials in February, which is the most difficult task for all textile enterprises.

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Due to massive investment in recent years, PTA production capacity expanded from less than 15 million tons in 2010 to 46 million tons in 2015, an increase of over two times, resulting in PTA overcapacity.

However, the long-term parking capacity of PTA exceeds 12 million tons, accounting for 1/4 of total capacity. The effective capacity of the industry is about 36 million tons, the market demand is about 30 million tons, and the overcapacity situation has improved.

In addition, the new production capacity is coming to an end, and the next 2 years will only have 3 million 200 thousand tons of new capacity.

In terms of cost competitiveness, leading enterprises with relatively new installations, large scale production capacity and good cost control can control the non raw material costs in PTA production from 500 yuan to 600 yuan / ton, while the inefficient raw materials of old equipment cost 800 yuan to 1000 yuan / ton, which will be faced with the risk of long-term parking and being cleaned up.

Judging from the upstream PX raw materials, due to the substantial increase in new capacity, the bargaining power of PTA has been weakened, and industrial profits have shifted to the middle and lower reaches.

In fact, between 2010 and 2011, the PX capacity exceeded the demand of over 20%, and the upstream appeared overcapacity, and the downstream PTA links had strong profitability.

But in the large number of enterprises chase, from 2011 to 2013, the concentration of PTA capacity was released, the profitability of PTA declined, and the PX in the upper reaches showed a huge profit.

After 2014, with the release of a large number of PX capacity, the reduction of PTA delivery and the continuous optimization of industrial structure, the profit of industrial chain shifted to the middle and lower reaches again.