Welcome to the Industrial Automation website!

NameDescriptionContent
HONG  KANG
E-mail  
Password  
  
Forgot password?
  Register
当前位置:

Downstream demand recovery, chemical fiber industry ushered in a cycle reversal

来源: | 作者:佚名 | 发布时间 :2023-12-08 | 306 次浏览: | Share:

Chemical fiber industry: domestic and foreign demand picks up, replenishment cycle continues, and the industry ushered in a cyclical boom reversal

With the industry's production expansion cycle nearing an end, the supply side has been building a bottom stage. In 2020, the epidemic has led to a substantial increase in downstream textile and garment export demand, and inventories have fallen to historic lows, and the industry has entered the replenishment cycle. The profitability of the main products has rebounded, the market attention of the chemical fiber industry has increased, the valuation has entered the repair stage, and the chemical fiber industry has recovered.

Polyester filament: downstream demand to drive industry prosperity continued to rebound

As the epidemic prevention and control has become normalized, the demand for the downstream textile and clothing industry has risen, the inventory has fallen to a historical low, the price spread has ushered in an upward inflection point in the "gold nine silver ten", and the profitability of the filament has continued to improve. It is expected that the growth rate of polyester filament production capacity will remain stable, the industry concentration is expected to continue to increase, and the improvement of supply and demand pattern is expected to drive the industry prosperity to continue to rise.

Spandex: supply and demand pattern ushered in improvement, low-cost leading ushered in development opportunities

Affected by the demand for epidemic prevention materials and the transfer of overseas demand to the country, the demand for spandex in 2020 has steadily increased, the inventory has continued to decline to a low level, and the price spread has risen to a historic high. With the spandex production cycle coming to an end, leading enterprises with low-cost advantages to complete capacity renewal and market grab, small and medium-sized capacity is gradually eliminated, and industry concentration continues to improve.

Viscose staple fiber: downstream demand continues to recover, capacity expansion is coming to an end, and the substitution effect is helping the industry pick up

The recovery of downstream order demand has led to the improvement of the profitability of the viscose industry, the industry destocking trend is obvious, and the price spread cycle has ushered in an inflection point. Considering the gap between domestic cotton supply and demand and low cotton inventory, the substitution effect is expected to promote the viscose price upward. In 2020, the downturn in the market led to the withdrawal of some small and medium-sized production capacity, and the industry concentration was further strengthened.

1, the downstream demand boom recovery, chemical fiber industry ushered in a cyclical boom reversal

After the supply-side reform in 2016, the effect of destocking was obvious, and the chemical fiber industry entered the stage of capital expenditure growth in the big cycle. At the end of 2019, the capital expenditure of the chemical fiber industry slowed down, the new production capacity was basically ended, and the industry supply bottomed out. Affected by the epidemic at home and abroad, at the beginning of 2020, the demand of the chemical fiber industry has dropped significantly, the inventory of chemical fiber finished products has accumulated, the profitability of main products has declined, and the valuation of the chemical fiber industry is at a historical low; In the second quarter, the domestic epidemic situation was gradually controlled, the epidemic situation abroad worsened, a large number of foreign orders were transferred into the country, the export demand of chemical fiber downstream textile and clothing increased significantly, the operating rate of domestic downstream enterprises increased, and the inventory continued to decline; 2020Q4 so far, with the gradual recovery of overseas demand, the demand of the chemical fiber industry continues to pick up, downstream enterprises take the initiative to replenish the stock, the profitability of the main products has rebounded, the market attention of the chemical fiber industry has increased, the valuation has entered the repair stage, and the cycle has continued to rise.

1.1, the production cycle of the chemical fiber industry is coming to an end, and the replenishment cycle is ushered in in 21 years

The cumulative fixed asset investment completed in the chemical industry is basically synchronized with the trend of the chemical product price index CCPI, and the prosperity of the chemical industry has gradually recovered since the second quarter of 20 years. Looking back at the trend of fixed capital investment and CCPI in the chemical industry in the past 8 years, it can be found that the capital expenditure of China's chemical industry is basically synchronized with the trend of CCPI. In July 2016, CCPI continued to decline and then rebounded. The cumulative amount of fixed asset investment completed in the chemical industry in August 2016 ushered in an upward inflection point. The sudden outbreak of COVID-19 in January 2020 dealt a major blow to the chemical industry, and the cumulative fixed investment completed in the chemical industry and CCPI fell to historic lows respectively. In the second quarter, the domestic economy entered a normal channel, the demand picked up significantly, and the fixed asset investment in the chemical industry and CCPI recovered steadily. The cumulative amount of fixed investment completed in the chemical industry in 2020 rebounded from -33% in February to -1.2% in December.

  • ABB 3HAC5498-1 High-Performance Control Module
  • ABB 3HAC5518-1 Industrial Control Module
  • ABB 3HAC5497-1 Industrial Control Module
  • ABB 3HAC7344-1 Mains line filter unit
  • ABB 3HAC7681-1 Process Interface Module
  • ABB 3HAC6428-1/04 high-performance control module
  • ABB 3HAC6157-1 Floppy sign/supply cable
  • ABB 3HAC10847-1 Ethernet on front,Harness
  • ABB 3HAC5566-1 Industrial Communication Bus Cable
  • ABB 3HAC9710-1 Heat exchanger unit
  • ABB IMFECI2 Industrial Control Module
  • ABB IMDS014 Digital Slave Output Module
  • ABB INIT03 Control Module
  • ABB 3HAC031683-004 Cable Teach Pendant 30m
  • ABB HAC319AEV1 High-Performance Control Module
  • ABB UFC092BE01 Binary input module
  • ABB DAPC100 3ASC25H203 Industrial Control Board
  • ABB 57160001-KX DSDO 131 Digital Output Unit
  • ABB 3HAC4776-1/1 Industrial Control Module
  • ABB DSTF610 terminal
  • ABB YB560100-EA S3 Industrial Control Module
  • ABB XO16N1-B20 XO16N1-C3.0 High-Performance Industrial Control Module
  • ABB TU804-1 Programmable Logic Controller (PLC) Module
  • ABB TU515 I/O terminal unit
  • ABB TK516 Connection Cable with Contacts
  • ABB SPCJ4D34-AA Industrial Ethernet I/O System Module
  • ABB SPAD346C Integrated Differential Relay
  • ABB 1SAM101904R0003 SK-11 Signal contact 1NO+1NC
  • ABB SE96920414 YPK112A Communication Module
  • ABB SC610 3BSE001552R1 Submodule Carrier
  • ABB SC513 PLC Analog Input Module
  • ABB SAFT110 Advanced Safety Termination Module
  • ABB RVC6-5A Control Module
  • ABB RB520 Linear Motion Controller Module
  • ABB R1.SW2/3 Industrial Control Module
  • ABB PU517 Controller Automation System
  • ABB PS130/6-75-P Industrial Control Module
  • ABB 3BSE008062R1 PM633 Processor Module
  • ABB L110-24-1 Industrial Control Module
  • ABB IMDSO14 Digital Slave Output Module
  • ABB DSU10 Control Module
  • ABB DSQC627 3HAC020466-001 Advanced Power Supply Module
  • ABB DSQC354 Industrial I/O Module
  • ABB DSQC352 High Performance Input/Output Module
  • ABB 37911-4-0338125 Control Module
  • ABB DSPC172 CPU Module
  • ABB DSBB175 Industrial PLC Expansion Module
  • ABB CR-M4LS Industrial Control Module
  • ABB CI626A 3BSE005029R1 Communication Interface Module
  • ABB BB510 (DC5256) Digital Control Module
  • ABB 61615-0-1200000 High-Precision Industrial Controller
  • ABB 3HNE 00313-1 TILLV.0317 Machine No. 64-25653
  • ABB 3HNA000512-001 Control Module
  • ABB 3HAC025466-001 Industrial Control Module
  • ABB 3HAB8101-8/08Y Industrial Control Module
  • ABB 3BHB003689 Multifunction Controller Module
  • ABB PXBHE65 206-00212 power module
  • ZUNKU 6203-2RS Deep Groove Ball Bearing
  • ZUNKU 6201-2RS Deep Groove Ball Bearing
  • ZYCOM IGLACS01281 Control Module
  • Zygo 8010-0105-02 ZMI-501 Displacement Measurement Interferometer
  • Zygo 1115-801-346 laser head cable
  • ZYGO HSSDC2 TO HSSDC2 CABLE 1115-800-055
  • ZYGO HSSDC TO HSSDC2 CABLE 1115-800-056
  • ZYGO ZMI 4104C Measurement Electronics Board
  • ZYGO ZMI-2002 8020-0211 Measurement Board
  • ZYGO 7702 8070-0102-35 Laser Head
  • ZYGO ZMI 7702 8070-0102-01X Laser Head
  • ZYGO ZMI-4004 4-Axis VME64x Measurement Board
  • ZYGO PC200 CS1115-801-346 Laser interferometer cable
  • ZYGO 8010-0105-01 ZMI Power Supply
  • ZYGO ZMI-2002 8020-0211-1-J Laser system measurement board card
  • ABB 35AE92 control card
  • ABB 200900-004 I/O Adapter PLC Board
  • Siemens 6ES7193-4CA40-0AA0 ET 200S Electronic Module
  • Siemens 6AV2124-2DC01-0AX0 Comfort Panel
  • Siemens 6ES7421-7DH00-0AB0 Digital Input Module
  • Siemens 6ES7350-2AH01-0AE0 Counter Module
  • Siemens 6ES7231-0HC22-0XA0 Analog Input Expansion Module
  • Siemens ET200SP 6ES7193-6PA00-0AA0 server module
  • Siemens 6ES7193-4JA00-0AA0 Terminal Module
  • Siemens 6AG1204-2BB10-4AA3 Ethernet Switch
  • SIEMENS 6GK1105-2AA10 SIMATIC NET series optical switching module (OSM ITP62)
  • Schneider Modicon Quantum 140CPU65260 Unity Processor
  • Schneider Modicon Quantum 140ACO02000 Analog Output Module
  • Schneider Modicon Quantum 140CPS11420 power module
  • Allen-Bradley 1747-CP3 SLC ™ Series of programming cables
  • Kollmorgen S33GNNA-RNNM-00 - Brushless Servo Motor
  • Kollmorgen 6sm56-s3000-g-s3-1325 - Servo Motor
  • Kollmorgen AKM52K-CCCN2-00 - Servo Motor
  • Kollmorgen PSR3-230/75-21-202 - Power Supply
  • Kollmorgen akm24d-anc2r-00 - Servo Motor
  • Kollmorgen AKM22E-ANCNR-00 - Servo Motor
  • Kollmorgen S60300-550 - Servo Drive
  • Kollmorgen B-204-B-21 - Servomotor
  • Kollmorgen AKM21E-BNBN1-00 - Servo Motor
  • Kollmorgen TT2953-1010-B - DC Servo Motor
  • Kollmorgen pa8500 - Servo Power Supply
  • Kollmorgen BDS4A-210J-0001-207C2 - Servo Drive
  • Kollmorgen TTRB1-4234-3064-AA - DC Servo Motor
  • Kollmorgen MH-827-A-43 - Servo Motor
  • Kollmorgen AKM24D-ACBNR-OO - Servo Motor
  • Kollmorgen 00-01207-002 - Servo Disk DC Motor
  • Kollmorgen AKM21C-ANBNAB-00 - Servo Motor
  • Kollmorgen PSR3-208/50-01-003 - Power Supply
  • Kollmorgen 6SM56-S3000 - Servo Motor
  • Kollmorgen DBL3H00130-B3M-000-S40 - Servo Motor
  • Kollmorgen 6SN37L-4000 - Servo Motor
  • Kollmorgen AKM65K-ACCNR-00 - Servo motor
  • Kollmorgen 6SM56-L3000-G - Servo Motor
  • Kollmorgen AKMH43H-CCCNRE5K - Servo Motor
  • Kollmorgen PSR4/52858300 - Power Supply
  • Kollmorgen KBM-79H03-E03 - Direct Drive Rotary Motor
  • Kollmorgen AKM33E-ANCNDA00 - Servo Motor
  • Kollmorgen U9M4/9FA4T/M23 - ServoDisc DC Motor
  • Kollmorgen AKM13C-ANCNR-00 - Servo Motor
  • Kollmorgen AKM43L-ACD2CA00 - Servo Motor
  • Kollmorgen AKM54K-CCCN2-00 - Servo Motor
  • Kollmorgen M-605-B-B1-B3 - Servo Motor
  • Kollmorgen AKD-P00606-NBAN-0000 - Rotary Drive
  • Kollmorgen 6SM-37M-6.000 - Servo Motor
  • Kollmorgen A.F.031.5 - Sercos Interface Board
  • Kollmorgen 918974 5054 - Servo PWM
  • Kollmorgen U12M4 - ServoDisc DC Motor
  • Kollmorgen AKD-B00606-NBAN-0000 - Servo Drive
  • Kollmorgen MV65WKS-CE310/22PB - Servo Drive
  • Kollmorgen 65WKS-CE310/22PB - Servo Drive
  • Kollmorgen EM10-27 - Module