Polyester: The global crisis of excess appears

At present, the economic environment around the world is still in a severe state. In China, despite the introduction of a series of economic stimulus plans by the Chinese government, it is also hard to reverse the ups and downs. But it is in this case, until now, the global polyester fiber production is still an increase of about 2 to 6 percentage points over the same period last year. According to the latest report from PCI Consultants Group, up to now, China's polyester fiber production has increased by more than one percentage point, while downstream demand has only increased by less than one percentage point. At the same time, the European textile industry also showed a similar situation. In the first quarter of this year, the heir to Dior Company, the German manufacturer of polyester industrial yarn, announced that it must first cut its workforce by 30% and then merge with its high-strength polyamide yarn and polymer manufacturers at Fort-Ober. High-performance chemical fiber companies also announced a series of measures: the rebuilding of German companies by the end of July, the closure of the company by the end of the year, the temporary closure of old-fashioned companies and the consolidation of companies in Bad Heights. In the meantime, Slovensky Hodvab of Slovakia also closed its textile filament company. Other polyester filament companies have not survived, such as SIFAS, Sonmez filament textile, Troprak have also been closed in Turkey. According to the latest news shows, Germany, Poland, the short silk polyester textile enterprises are being acquired by a number of private investors. In Japan, Teijin has announced the closure of the production of polyester filament yarn at Matsuyama, the original company that produces polyester since 1958. Some factories will merge with other Teijin factories in Thailand and Japan. In addition, Teijin Company also took out 50% of its ownership in the production of polylactic acid, announced that it will cease monofilament production activities in South Carolina, USA and shut down the Niasai Dyestuff Factory at Teijin Japan. Although North American polyester fiber producers have not faced the plight of factory closures, the supply chain is under tremendous pressure. In the first half of 2009, the export of domestic monofilaments showed a 19.3% decrease in exports of long monofilaments compared to 2008, while the export of short monofilaments dropped by 28.8%. Long monofilament in the export of goods, only the carpet in the deformation of filament deformation in an invincible position. Further reading According to the survey of 2009 Chinese business operators conducted by the Chinese Entrepreneur Survey System, the overcapacity situation in China's textile, papermaking, chemical fiber, non-metal and steel industries is relatively serious. According to the survey results, over 60% (63.4%) of the business operators think that the enterprises in their industries have overcapacity, of which 44.8% consider "some surplus", 18.6% consider "serious surplus", 27.5% consider "normal" and 9.1% Insufficient, 8.4% of them considered "some deficiencies" and 0.7% considered "seriously inadequate." From different industries, overcapacity in textile, chemical fiber and other industries is relatively serious. More than 70% of the business operators think that the production capacity is "excessively surplus" or "surplus", especially in the textile industry. About 30% of the business operators think "Serious excess."