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Due to the environmental protection shutdown, soaring chemical raw materials and many other factors, the profits of the downstream companies are becoming less and less, and they have to issue corresponding countermeasures. The most prominent example is the recent collective printing and dyeing enterprises in Jiangsu, Zhejiang, Fujian and other places to increase dyeing fees.
The "butterfly effect" has begun to show its way. Affected by this, the chemical fiber industry may usher in a storm of "price increase". For polyester raw materials, despite the overall decline in recent days, but according to relevant agencies forecast that in mid-to late March will be the key period for polyester factory destocking, after that, polyester raw materials or will reverse the decline.
Under the pressure of environmental protection, a large wave of chemical companies face closure
Shandong: The number of certified chemical parks and specialized chemical parks in the province is controlled within 100, and the number of chemical production enterprises is reduced by more than 20% on the basis of the 7595 declared by each city!
Nanjing: Solidly carrying out the “263” special action, focusing on reducing coal, reducing and casting, and shutting down 40 chemical companies and 42 foundry companies throughout the year!
Sichuan: The relocation of hazardous chemicals manufacturing companies involved a total of 48 companies, among which 37 were relocated, 2 were rebuilt locally, and 9 were closed down!
Zhejiang: According to the "Implementation Measures for Safe Production Licenses of Hazardous Chemical Production Enterprises" and other related regulations, it was decided to cancel the 61 companies' hazardous production safety licenses.
Hubei: 30 enterprises have been ordered to close down, 108 companies have been relocated, and 21 enterprises have been re-exported and relocated!
Domestic and foreign chemical companies collective price increase
Donglian New Material Jiangsu Co., Ltd.: On March 5, the company issued a price increase notice. Since March 5, 2018, some of the company’s products have been raised by RMB 400-500/ton on the basis of the original price.
Shandong Jinhai Titanium Resources Technology Co., Ltd.: On March 5, the company's product titanium dioxide increased 800 yuan / ton, foreign trade customers in the corresponding price increase based on 150 US dollars / ton.
Anhui Haowei High-tech Materials Co., Ltd.: On March 6, the price increase notice was announced. Since 9:00 on March 6, 2018, the price of all varieties of polyvinyl alcohol has been raised by RMB 200/ton.
BASF: Since April 1, 2018, the company's intermediate department will increase the price of 1,4-butanediol and its derivatives in North America. The price range will be from US$0.10/lb to US$0.22/lb.
Netherlands Lyondell Basel: From April 1, 2018, the company has increased the price of 1,4 butanediol and its derivatives, as per the contract, up the price from US$0.10/lb to US$0.15/lb. .
US Momentive: Since March 15th, the company's silicone sealant products prices will rise 20%; April 1st, elastomer products will increase prices by at least 10%.
Polyester plant will usher in inventory critical period
In early trading yesterday, crude oil oscillated and polyester raw materials fell overall. Polyester products, Polyester mainstream factory price stability. The pattern of market supply and demand was reversed, the downstream digestive channels were insufficient, speculative funds were short, resulting in short-term emotional catharsis, and downstream weaving manufacturers had more stocks. The market mainly focused on just demand.
According to estimates by Jinlianchuang, after the 20th of the first month, the operating rate of the polyester industry may rise to around 83%, the operating rate of the bomb factory may increase to around 80%, and the weaving plant's operating rate may rise to around 70%, while the industry is widely Concerned downstream purchasing nodes, or will come around March 10.
However, this round of downstream purchases can only be a modest acceptance of the polyester factory's inventory. In mid-to-late March, it will be the key period for the polyester factory to go into inventory, but it needs the cooperation of the raw material market and the continuous growth of downstream demand. When the inventory is emptied, the price of polyester raw materials may reverse the decline and usher in the rising market!