Guard against the export surge, Zhejiang polyester crisis behind the vicious competition
Hangzhou Customs have heard that the Korean companies were recently on China's exports elastic Siti apply anti-dumping investigations, the investigating authorities is reviewing whether South Korea placed on file. In 1 to August this year, Zhejiang Province exported 102,000 tons of polyester filament, 1.1 times more than last year; import polyester yarn 45,000 tons, down 28.3%, to achieve net exports 5.7 tons.
Polyester yarn, polyester filament which is an important textile materials. In recent years, with the domestic chemical fiber industry, the increased investment, domestic polyester filament production expanded rapidly, the product only meet the domestic market, also began to export abroad. In 2004, Zhejiang chemical fiber output 5.58 million tons, of which production reached 5.3 million tons of polyester yarn, chemical fiber production accounts for 95% of the province. This year in January, exports of polyester yarn, Zhejiang Province, the first time exceeded imports.
Hangzhou Customs statistics, exports of polyester yarn, Zhejiang Province, the main market in Latin America, the European Union and South Korea. The Case of Korea, 1-8 months, the Zhejiang to export 11,000 tons to South Korea, an increase of 5.5 times.
The industry believes that exports of polyester yarn, Zhejiang Province, mainly due to rapid growth in adoption of new technology to lower costs, increased production capacity, domestic demand is saturated because of shift to international markets. However, the rapid growth of exports also makes development of the industry crisis highlights. For example, export of excess capacity may result in destructive competition. Customs statistics show that, due to continued investment in polyester industry in Zhejiang Province warming, making the rapid expansion of production capacity of polyester filament. Zhejiang Province in 2003 and 2004 New Polyester Yarn spinning capacity of 161 and 252 million tons, an increase of 44.5% and 48.2%. Meanwhile, the National polyester production capacity accounts for 40% of the world's total capacity. Thus, the domestic exports of polyester filament gradually increasing pressure of competition, if not ease, it will be difficult to avoid vicious competition, lower prices of exports.
Hangzhou Customs in charge pointed out that the current vicious competition in the industry may be in the limelight. First of all, such as terephthalic acid (PTA), ethylene glycol (MEG) and other major chemical fiber raw material price increases faster than export prices of polyester filament growth. Currently PTA, MEG chemical products accounted for nearly 90% of the cost, its price fluctuations directly affect the chemical fiber industry profit margins.
Second, the polyester yarn varieties over a single, textile yarn overcapacity. It is reported that Zhejiang production of polyester filament yarn spinning still mainly used for production of seat belts, parachutes and large stadium roof and other industrial production of special wire less technology level is not as foreign products. Shaoxing City, the current spinning capacity in the city for more than 2.5 million tons, while the professional production of industrial enterprises with only one special silk, annual production capacity of 1.8 million tons; textile export prices of polyester filament mostly concentrated in 1400? 1500 U.S. dollars / ton, with a special silk industry may reach 1800? 2200 U.S. dollars / ton. Homogeneous products are also easily cause the situation of overproduction exports vicious competition, profits will not only compromised, but also led to foreign anti-dumping.
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