Polyester Industry Sluggish Market Overall Sluggish Sales Decline

On the whole, despite the "new normal" of the overall downward trend of the economy, the polyester industry is in a sluggish market. However, as the production capacity of polyester industrial yarn is more concentrated, the pricing of products will be more rational. At the same time, with the extension of the application of differential Dacron industrial yarn in the field of automotive safety textiles, its future application will be broader.

According to the annual report, in 2015, Halliday achieved a revenue of about 2 billion 121 million yuan, down 7.22% from the same period last year, and Jove shares achieved a revenue of about 2 billion 5 million yuan, down 19.13% from the same period last year. The latest quarterly data also showed that in the first quarter of 2016, Yu Fu shares achieved a profit of about 437 million yuan, down 10.72% from the same period last year.

The price of polyester industrial yarn is mainly affected by the change of raw material cost caused by the change of crude oil market. In 2015, the crude oil market showed a downward trend as a whole, and the polyester market was also in the doldrums. Although in early April 2015, Gure was in the doldrums. PX factory The explosion has made the price of polyester industry chain popular, but since June 2015, the market of China's polyester industrial yarn has come unsteadily into the continuous oscillation downstream channel, even in September ~10 months. Polyester industry In the traditional peak season, the price of polyester industrial yarn has not risen.

For example, the average high strength polyester industrial yarn 1000D/192F for example, in April 2015 ~5 month, its highest price reached 10900 yuan / ton, by the end of December 2015, the lowest price of the product has dropped to about 8000 yuan / ton, the drop is as high as 26.6%.

Halliday and Yu Fu share in the annual report, said the main decline in corporate revenues. Polyester industry Silk products revenue decline. In 2015, Halliday's polyester industrial filament product achieved a revenue of 1 billion 298 million yuan, a decrease of 9.04% over the same period last year. Yu Fu shares polyester industrial filament to achieve revenue of about 1 billion 640 million yuan, a decrease of 8.15% over the same period.

Under the impact of the international crude oil price slump, the export revenues of the two listed companies have been reduced. In 2015, the export revenue of Yu Fu shares was about 678 million yuan, a decrease of 30.37% compared to the same period last year, and Halliday's export revenue was about 1 billion 604 million yuan, a decrease of 4.33% compared to the same period last year. This is also related to the overall export market of polyester industrial yarn in 2015.

According to statistics, the total export volume of China's Dacron industrial yarn in 2013 was about 293 thousand and 900 tons. In 2014, the total export volume was about 362 thousand and 100 tons, an increase of about 23.21% compared to the same period last year. The total export volume in 2015 was about 381 thousand and 300 tons, up 5.3% from the same period last year, a marked slowdown compared with the same period in 2014. Export average price also showed a downward trend overall. In 2015, the average export price of polyester industrial yarn dropped from 1904.72 US dollars / ton in January to US $1753.42 / ton in December, a decrease of about 7.94%.