The Advantage Of Price Difference Is Obviously Reduced.

Since last December, the market of raw polyester dives triggered by crude oil has brought endless troubles to recycled fiber manufacturers. The reason is to keep a certain price difference. In general, the original reclaimed quotation of two parallel adjacent curves is squeezed into a mess.

First of all, it was regenerated filaments. As the "good brothers" of the raw filaments, after entering last December, the regenerated filaments followed the same quotation as the native filament, and the successive decline led to a gradual increase in the cost of regenerated filament loss due to the constant price of raw silk. Fortunately, the growth price of raw silk gradually stabilized after the end of December, and the regenerated filament also stopped the behavior of continuing to fall, and moved towards the limited production. The difference between the two tons per ton was 600 yuan from the beginning, and only about 200 or so in the middle of December.

In fact, compared with the regenerated filament from the beginning, the relatively stable regenerated cotton type is more affected by this decline. As time goes on, the price difference between the original cotton and the regenerated cotton has been kept close, and it has been close to the end of 12. From the beginning, the difference was about 600 yuan per ton, reaching nearly 100 yuan by the end of the month. Cao Wenting believes that such a small price difference is the problem, if not considering the consistent customer. Usage habits The downstream tends to be inexpensive but good quality. polyester 。 This led to a slack market for recycled fiber and a gradual increase in inventory pressure.

According to Cao Wenting analysis, compared with the original polyester, the whole process roared downward. Regenerated chemical fiber manufacturer The reason for the lack of price reduction is that the cost of raw polyester, such as PX\PTA\MEG, which is driven by the drop in crude oil, is down. The decline in the cost of recycled chemical fiber raw materials, the recycling of bottle grade materials, is impractical.

At last year's China International recycled polyester fiber conference, a number of enterprises expressed concern about the fall in crude oil prices. A company originally intended to enter the industry has given up its original plan.

Another industry that has been hit hard is coal to ethylene glycol. Although the production of ethylene glycol is still the mainstream in the world, ethylene glycol is only 5% of coal. However, when the technology was developed, international oil prices showed a trend of long-term rise and falling coal prices. The prospect of coal to ethylene glycol at that time seemed quite broad. In 2013, with the gradual maturation of coal glycol technology, enterprises accelerated the pace of production. However, oil prices have fallen sharply this year, coupled with the exploitation of new energy sources including shale gas and oil. Low oil prices seem to be the norm. This is not conducive to the development of coal glycol technology, or even to survive.

According to expert estimates, when the crude oil price is between 90 US dollars / barrel and 100 US dollars / barrel, the ethylene glycol from coal has a very good competitive advantage. During the period of 80 US dollars / barrel to 85 US dollars / barrel, the production of ethylene glycol from coal still has a certain profit in production. When the international crude oil price is in the range of 70 US dollars / barrel to 75 US dollars / barrel, the coal to ethylene glycol can only survive in meager profits. But recently, the international oil price has dropped to 60 US dollars / barrel to 65 US dollars / barrel. Even below level, the competitive advantage of coal to ethylene glycol has disappeared. Investing in this project should be more prudent.