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 to add light absorption online agent, hydrophilic agent and other continuous process technologies, three-kettle process, imported world-leading new drafting and winding equipment, and set up 12 differentiated and functional new fiber material production lines (640 positions in total, including 80 spare positions), 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 Xinfengming has achieved rapid development in recent years. In the past five years, the company’s total assets have increased from 7.126 billion yuan to 22.901 billion yuan at the end of 2019, an increase of 2.21 times.
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The five giants of polyester filament firmly dominate the industry” Half of the country”
As the integrated refining and chemical production capacity layout continues to deepen, polyester filament is still expanding rapidly. In 2020, the polyester filament production capacity will be 33.713 million tons/year, and the production capacity will increase. The pace of polyester filament production capacity expansion is mainly concentrated on leading enterprises in existing polyester factories, with polyester filament CR5 accounting for “half of the industry”.
Judging from the polyester filament CR5 production capacity, according to Longzhong Information statistics, in 2020 The total annual polyester filament production capacity is 33.717 million tons/year. The new polyester filament production capacity during the year is mainly concentrated in leading polyester factories, Tongkun, Hengyi, Xinfengming, Shenghong, and Hengli. In 2020, the polyester filament production capacity during the year The new production capacity is 3.75 million tons/year, and the production capacity growth rate is 12.51%. The total polyester filament production capacity is expected to be 37.54 million tons/year in 2021, and the new production capacity is 3.82 million tons/year, and the production capacity growth rate is 11.33%, of which CR5 is newly added Production capacity accounts for 62.34%, mainly concentrated in leading manufacturers.
Looking at the provinces in polyester filament production capacity, Longzhong Information data shows that the proportion of each province in my country’s polyester filament production capacity in 2020 is as follows: Zhejiang region accounts for 66.98%, followed by Jiangsu region, accounting for 25.36%, and Fujian region, accounting for 6.76%. In addition, Shandong and Liaoning each have one company accounting for a very small proportion. 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.
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The processing fee is not as good as that of big manufacturers
There may be a risk that some factories will be forced to shut down in the future
Judging from the restart of the long-stop device of the polyester filament installation, the polyester filament production in 2017-2018 The situation of restarting long-term shutdown devices is as shown above. Due to the surge in demand for polyester filament in 2017-18, high profits have led to the resumption of long-term shutdown devices of approximately 1.76 million tons/year polyester filament devices. The restarted devices are mainly concentrated in Jiangsu and Zhejiang. In recent years, with With the rapid expansion of production capacity, after the polyester filament production capacity of large refining and chemical integrated factories surges, 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.
To sum up, domestic polyester filament production capacity is 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. </p
