On the morning of April 13, the HCP07 unit of the Zhongyue Project of Xinfengming Group was officially put into operation. After being put into operation, the group’s filament yarn production capacity exceeded 5.3 million tons!
It is understood that this project uses domestic advanced Polyester melt direct spinning adds continuous process technology such as light absorbing agents and hydrophilic agents online, with a three-kettle process, imports the world’s most advanced new drafting and winding equipment, and sets up 12 differentiated and functional fiber new material production lines (a total of 640 (including 80 spare ones), supporting auxiliary production equipment and public engineering equipment, forming an annual production capacity of 300,000 tons of differentiated and functional new fiber materials.
The editor found that in recent years, Xinfengming has achieved rapid development. In the past five years from 2015 to 2029, the company’s total assets increased from 7.126 billion yuan to 22.901 billion yuan at the end of last year, an increase of 2.21 times.
The five giants of polyester filament occupy “half of the industry”
As the integrated refining and chemical production capacity layout continues to deepen, polyester filament yarn is still expanding rapidly. In 2020, the polyester filament yarn production capacity will be 33.713 million tons/year, and the production capacity growth rate will be another 10.60%. The expansion of filament production capacity is mainly focused on leading enterprises in existing polyester factories, with polyester filament CR5 accounting for “half of the industry”.
Judging from the production capacity of polyester filament CR5, According to statistics from Longzhong Information, the total polyester filament production capacity in 2020 is 33.717 million tons/year. The new polyester filament production capacity during the year is mainly concentrated in leading polyester factories, such as Tongkun, Hengyi, Xinfengming, Shenghong, Hengli, in 2020, the new polyester filament production capacity will be 3.75 million tons/year, with a production capacity growth rate of 12.51%. The total polyester filament production capacity is expected to be 37.54 million tons/year in 2021, and the new production capacity will be 3.82 million tons/year. The production capacity The growth rate was 11.33%, of which CR5’s new production capacity accounted for 62.34%, mainly concentrated in leading manufacturers.
Looking at the polyester filament production capacity of each province, Longzhong Information data shows that in 2020, my country’s polyester The proportions of each province in filament production capacity are as follows: Zhejiang accounts for 66.98%, followed by Jiangsu with 25.36%, and Fujian with 6.76%. In addition, Shandong and Liaoning each have one company accounting for a very large proportion. few. It is expected that the proportion of Jiangsu and Zhejiang will decline slightly in 2021, and that of Fujian, Liaoning, and Shandong will increase slightly. New filament factories in Xinjiang will be added. The overall proportion will not change much. Jiangsu and Zhejiang will still be the main ones, and the new production capacity areas will mainly be in the current area. Major polyester filament factories such as Tongkun, Hengyi, Shenghong, Xinfengming and Hengli are mainly expanding their production capacity.
Processing fees are lower than those of major manufacturers
Some factories may be forced to suspend operations in the future Risks
From the perspective of the restart of the long-term shutdown device of the polyester filament yarn unit, the restart situation of the polyester filament yarn long-term shutdown device in 2017-2018 is as above, affected by the polyester filament yarn long-term shutdown device in 2017-2018. The surge in yarn demand and high profits have led to the resumption of long-term shutdown of approximately 1.76 million tons/year polyester filament installations. The restarted installations are mainly concentrated in Jiangsu and Zhejiang. In recent years, with the rapid expansion of production capacity, the polyester filament yarn manufacturers of the following integrated refining and chemical companies have resumed operation. After the surge in silk production capacity, the processing fees of some small factories are currently lower than that of large factories, and there may be a risk that some factories will be further forced to stop in the future.
In summary, domestic polyester filament production capacity Mainly concentrated in the Jiangsu and Zhejiang regions. Although the long-term shutdown equipment has been partially restarted in 2017-18, with the rapid expansion of polyester filament production capacity related to refining and chemical integration, “half of the future polyester filament market” will still be occupied by leading companies. stable.
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