Chemical Fiber "Three Phase Superposition" Industry Depth Adjustment

2015 is another year of deep adjustment in the chemical fiber industry.

The chemical fiber industry has entered the "three phase superposition" stage of supply and demand rebalancing, stock capacity optimization and adjustment period and high quality increment moderate development stage. This is a "new normal".

This depth adjustment is mainly reflected in three aspects: first, phased adjustment and phased, structural overcapacity; two, the industry cycle law gradually weakened; three, from seller's market to buyer's market.

As a whole, during the "13th Five-Year" period, the whole industry must shift from focusing on "hard power" to "soft power" that pays more attention to resources, channels, technologies, brands, services, market influence and so on. We should focus on specialization, refinement, differentiation and service, and strive to cultivate new competitive advantages with scientific and technological innovation, brand promotion, green ecology and international development as the core so as to achieve sustainable development.

This round of adjustment cycle began at the end of 2011.

In the first half of "fifteen", "11th Five-Year" and "12th Five-Year", China's chemical fiber industry is developing at an extraordinary rate. The rapid growth of production capacity is an important driving force.

But since the current round of adjustment cycle, one of the most obvious manifestations is that

The growth rate of demand has slowed down significantly.

In 2012, the output of China's chemical fiber industry was 38 million 373 thousand and 700 tons, up 14.13% compared to the same period last year, showing the result of the expansion of productivity inertia.

In 2013, the output reached 41 million 219 thousand and 400 tons, a year-on-year growth rate dropped to 7.9%, down 6.23 percentage points over the same period.

In 2014, China's chemical fiber production was 43 million 900 thousand tons, the growth rate fell further to 5.5% year-on-year, down 2.4 percentage points over the same period last year.

In 2015 1~10, China's chemical fiber production was 39 million 684 thousand and 200 tons, an increase of 11.84% over the same period, of which the output of polyester was 32 million 214 thousand tons, an increase of 12.96% over the same period last year.

The whole industry is eliminated.

The pressure of production capacity is greater. The industry is struggling to survive and seek development in the predicament. The whole sector is hardly optimistic, and there is no sign of obvious improvement.

The relatively optimistic expectation is that the market will improve around 2017, and the more pessimistic expectation is that the adjustment time may continue until around 2020.

Duan Xiaoping, President of China Chemical Fiber Industry Association, pointed out that the most prominent feature of the "new normal" is that the chemical fiber industry has been driven by scale for a long time. It has been difficult to continue to rely on capacity development, production and cost allocation. Enterprises are increasingly aware of the importance of survival and development.

In the face of the "new normal", the industry has entered a period of slow growth. The era of meager profits has come and competition among enterprises has intensified.

As a response, China's chemical fiber industry must accelerate the pformation of its development mode, pay more attention to solving the industry problems with innovation and vitality, upgrade the quality and efficiency of the industry, promote industrial upgrading, solve the problem of production capacity by innovating vitality, solve the problem of increasing labor costs, control the increase, optimize the stock, expand the application, and jointly develop the production mode; drive the pformation of production mode with the new characteristics of demand, give full play to the integrated advantages of the complete textile industrial chain, carry out the cross industry chain cooperation, integrate the upstream and downstream joint development products, and jointly develop the market; and enterprises must accelerate the pformation and upgrading, and must speed up product structure adjustment and technological innovation.

Consciousness has developed more differentiated and more value-added products that are more responsive to market demand.