Introduction: since the second half of this year, China's polyester bottle chips began to fall into a state of loss. After September, with the continuous upsurge of China's polyester raw material market, while the polyester bottle chip market has greater resistance to increase, so enterprise processing fees continue to reduce. Enterprises are forced to reduce production.
This year, the prosperity of China's polyester bottle chip industry began to decline, and the production profits of enterprises plummeted, and the high profits of previous years no longer exist. From July to August in 2022, the production profits of Chinese polyester bottle chip enterprises were once as high as 1000-2000 yuan / ton. Stimulated by high profits, China's polyester bottle chip industry has entered a new round of production frenzy this year. In the first three quarters of this year, the production capacity of polyester bottle chips in China increased significantly by 4 million tons, 1.5 million tons in Sanfang Xiang and 600000 tons in Wankai Chongqing were centrally put into production, and 600000 tons of old plants in China Resources Jiangyin were restarted. With the addition of 600000 tons of Hanjiang in Sichuan and 700000 tons of new enterprises in Fujian, the production capacity growth rate has reached 32.32%, and the total production capacity of Chinese polyester bottle and chip enterprises has reached 16.37 million tons.
Although a large amount of new production capacity of polyester bottle chips has been put into operation, and this year, under the influence of the weak global economic situation, the number of export orders of bottle chip enterprises has decreased, and foreign trade orders are not good, so the sales pressure in China has increased. However, the slow recovery of terminal demand in China, coupled with the lack of confidence in the future of downstream enterprises, low purchasing enthusiasm and weak market supply and demand, have led to a sharp drop in profits of polyester bottle chip enterprises this year. Especially after the second half of the year, the production of polyester bottle chips in China has entered a state of loss.
Since the middle and last ten days of August, the market of polyester raw materials PTA and ethylene glycol has continued to rise, and the spot market of PTA has risen from 5820 yuan / ton on August 17 to 6350 yuan / ton at present, an increase of 9.11%. The spot market for ethylene glycol has risen from 3920 yuan / ton on August 17 to 4270-4280 yuan / ton at present, an increase of 9%. The polyester bottle chip market has risen from 6950 yuan / ton on August 17 to 7225 yuan / ton at present, an increase of only 3.96%. The increase of the polyester bottle chip market is far less than that of the raw material market, and the overall profit space of the enterprise has been greatly reduced. Since the middle and last ten days of September, the processing fee for the production of polyester bottle chips has been reduced to between 300 and 400 yuan / ton, and the loss of enterprises continues to intensify.
Under the pressure of low processing fee, the production enthusiasm of Chinese polyester bottle chip enterprises has decreased, and the production or parking of bottle chip enterprises has gradually increased. A 150000-ton plant in Anhua was stopped on September 18; a 150000-ton plant in Yizheng Chemical Fiber was converted to slicing on September 15; in late September, the 700000-ton plant in Sanfang Lane planned to stop, and Wankai Chongqing planned to stop 300000 tons in the later stage on the basis of production reduction in the previous period. In the later stage, the start-up of Chinese polyester bottle and chip enterprises will drop to 80% of the above level. Although the market supply has decreased significantly, as the weather turns cooler, the peak season of demand for polyester bottle chips in China is coming to an end, and the market demand will gradually decline, as China's polyester bottle chip industry enters a state of both supply and demand.
Recently, the international crude oil remains strong, and the polyester raw material market remains high. under the pressure of high cost, the polyester bottle chip market may maintain the finishing pattern, but the supply and demand end of the market is weakening, so the polyester bottle chip market in China will still face greater pressure in the later stage. it will be difficult for enterprises to show signs of improvement in production profits.
