How crazy the rise is, and how tragic the fall is!
Last year, when the price of spandex yarn was at its craziest, it was rising crazily by tens of thousands per month. At the beginning of the year, it was only more than 40,000 yuan/ton. In just two months, it has risen to more than 70,000 yuan/ton. The price of other polyester yarns is 1,200 yuan. The price of spandex has increased by one thousand or two thousand. Fortunately, the amount of spandex used in textiles is not large, otherwise no textile boss would be able to afford such a high price.
Even if the increase is so outrageous, it still has not stopped its pace of continuous price increases. Many textile bosses had already made plans for the price of spandex to exceed 100,000 yuan/ton last year, but it gave up and stayed at 91,500 yuan/ton. The high price of 90,000 yuan, which lasted for nearly a month, finally began to drop in September last year, but the price reduction was very slow and minimal. The price of more than 80,000 yuan/ton and nearly 90,000 yuan lasted until two or three months…
Finally, there was a sharp price drop at the end of the year. From the beginning of December until the end of the year, the price suddenly dropped to 70,000 yuan/ton, a drop of nearly 20,000 yuan, and this was just the beginning. The price of spandex has continued to fall recently. In just half a month, the price of spandex yarn (30D is used as an example below) has dropped by about 5,000 yuan/ton.
But even so, spandex production capacity is still increasing.
Recently, Xiaoshan District, Hangzhou held an on-site meeting on the promotion of major projects in 2022 to “attack the third quarter and win the second half of the year”. 46 major projects were promoted intensively. Among them, the Yaqian enterprise – Hangzhou Qingyun New Materials Co., Ltd. has an annual output of 15,000 tons of high-performance The spandex organic renewal project is among them.
Hangzhou Qingyun New Materials Co., Ltd. has an annual output of 15,000 tons of high-performance spandex organic renewal project, with a planned total investment of 1.21 billion yuan, a land area of 210.6 acres, and a total construction area of 179,000 square meters. The project will be expanded to the fifth phase in the existing factory area. , the phase 1 3,000 tons/year spandex polymerization production line and spinning production line will be eliminated, and three 15,000 tons/year spandex polymerization production lines and a total of 12 24-bit/line spinning production lines will be built. After the project is completed, it is expected that the annual new sales revenue will be 83.9 billion, with profits and taxes of 280 million yuan. It is reported that the construction period of the project is from 2022 to 2025. After the completion of the project, Qingyun New Materials Co., Ltd. will further increase its spandex production capacity, expand market share, and will promote the further maturity of production technology and processes, product technical level and performance indicators. Further upgrade to help enterprises develop with high quality.
In recent years, with the deepening of supply-side structural reform, the market share of small and medium-sized enterprises has been shrinking, and the spandex market concentration has increased. Among them, Huafon Chemical, Hyosung Spandex, Xinxiang Chemical Fiber, Huahai Spandex and Taihe New Materials have a higher market share. my country’s new spandex production capacity is mainly concentrated in leading companies. It is expected that during the “14th Five-Year Plan” period, the cumulative new production capacity of my country’s top five manufacturing companies will exceed 850,000 tons.
The substantial increase in production capacity is a weight for leading spandex companies to seize the market, but it is an unspeakable pain for downstream textile companies.
“Last year, because the price kept rising, we stocked up some spandex before it reached its highest level. Although the quantity was not large, we also spent a lot of money due to the high price. But this year, the demand for elastic fabrics is not as high. Okay, so I also lost a lot…” said an elastic fabric manufacturer.
Due to the low demand for elastic fabrics this year and the increase in spandex production capacity last year, the price of spandex yarn continues to decline. When other raw materials are increasing in price, it is falling. When other raw materials are falling again, it is still falling. It falls again and again. The price fell directly back to “before liberation”, “I knew it would definitely drop in price, but I didn’t expect it would be so much…” The voices from most textile bosses in the market also reflect the current difficulties of enterprises!
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