In the first half of the year, polyester production increased and then decreased.

Introduction: According to data from Longzhong Information, Domestic polyester production in the first half of 2022 was 28.7 million tons, a slight increase of 0.78% from the same period last year and a slight decrease of 0.23% from the second half of last year. . Among them, the output in the first quarter was 14.61 million tons, a year-on-year increase of 6.21%; the output in the second quarter was 14.09 million tons, a year-on-year decrease of 4.31%.

Figure1 Domestic monthly polyester production and load trends from 2020 to 2022

We can see from the chart above that polyester output in the three months of the first quarter was higher than the same period in previous years, with the year-on-year increase in February exceeding 11%. However, after entering the second quarter, dragged down by demand, domestic polyester monthly output was lower than the same period in previous years, with a year-on-year decline of more than 5% in May. It is completely opposite to last year’s trend of low before high and then high.

Table1 List of new equipment put into production in the domestic polyester industry in the first half of 2022

Unit: 10,000 tons/year

Source: Longzhong Information

Figure2 Distribution of domestic polyester production in 2022

In the first half of the year, the domestic polyester industry’s new production capacity was 3.2 million tons/year, an increase of 1.3 million tons/year compared with the same period last year, and a year-on-year increase of nearly 60%. Judging from the specific production situation, new polyester filament yarn equipment has been put into production the most, with a total production of 1.9 million tons/year, accounting for 59.37% of the new domestic production capacity. Among them, leading enterprises have put into production 1.6 million tons/year, accounting for 84% of polyester filament production. From the perspective of the production of the entire polyester industry, the top ten domestic production capacity companies in the first half of the year have put into production a total of 2.5 million tons/year, accounting for 78% of the domestic polyester industry’s production capacity.

After rapid production in the first half of the year, the production capacity base of the domestic polyester industry has reached 68.015 million tons/year, of which the total production capacity of the top ten factories has reached 43.31 million tons/year. In 2016, it accounted for 63.68% of the total domestic polyester production capacity, while the three companies, Tongkun, Hengyi (excluding Yisheng), and Xinfengming, had a combined production capacity of 23.55 million tons/year, accounting for 34.62% of the total domestic polyester production capacity. The concentration of industry production capacity has further improved.

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Source: Longzhong Information

Figure2 Distribution of domestic polyester production in 2022

In the first half of the year, the domestic polyester industry’s new production capacity was 3.2 million tons/year, an increase of 1.3 million tons/year compared with the same period last year, and a year-on-year increase of nearly 60%. Judging from the specific production situation, new polyester filament yarn equipment has been put into production the most, with a total production of 1.9 million tons/year, accounting for 59.37% of the new domestic production capacity. Among them, leading enterprises have put into production 1.6 million tons/year, accounting for 84% of polyester filament production. From the perspective of the production of the entire polyester industry, the top ten domestic production capacity companies in the first half of the year have put into production a total of 2.5 million tons/year, accounting for 78% of the domestic polyester industry’s production capacity.

After rapid production in the first half of the year, the production capacity base of the domestic polyester industry has reached 68.015 million tons/year, of which the total production capacity of the top ten factories has reached 43.31 million tons/year. In 2016, it accounted for 63.68% of the total domestic polyester production capacity, while the three companies, Tongkun, Hengyi (excluding Yisheng), and Xinfengming, had a combined production capacity of 23.55 million tons/year, accounting for 34.62% of the total domestic polyester production capacity. The concentration of industry production capacity has further improved.

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