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Polyurethane downstream southeast coastal chemical fiber enterprises are affected by Japan

Polyurethane downstream southeast coastal chemical fiber enterprises are affected by Japan

  • Categories:Industry Trends
  • Author:
  • Origin:
  • Time of issue:2011-07-12 17:45
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(Summary description)"The shutdown of Kashima Port in the earthquake-stricken area caused the delay of contract delivery and reduced the supply of paraxylene." Recently, many purified terephthalic acid manufacturers in Zhejiang have received such notifications from Japanese companies. Affected by the devastating earthquake in Japan, many factories of Japanese companies such as Mitsui Chemicals, Mitsubishi Chemicals, and Maruzen Petroleum Company have been suspended. The production of p-xylene has fallen by nearly one million tons.

Polyurethane downstream southeast coastal chemical fiber enterprises are affected by Japan

(Summary description)"The shutdown of Kashima Port in the earthquake-stricken area caused the delay of contract delivery and reduced the supply of paraxylene." Recently, many purified terephthalic acid manufacturers in Zhejiang have received such notifications from Japanese companies. Affected by the devastating earthquake in Japan, many factories of Japanese companies such as Mitsui Chemicals, Mitsubishi Chemicals, and Maruzen Petroleum Company have been suspended. The production of p-xylene has fallen by nearly one million tons.

  • Categories:Industry Trends
  • Author:
  • Origin:
  • Time of issue:2011-07-12 17:45
  • Views:
Information
"The shutdown of Kashima Port in the earthquake-stricken area caused the delay of contract delivery and reduced the supply of paraxylene." Recently, many purified terephthalic acid manufacturers in Zhejiang have received such notifications from Japanese companies. Affected by the devastating earthquake in Japan, many factories of Japanese companies such as Mitsui Chemicals, Mitsubishi Chemicals, and Maruzen Petroleum Company have been suspended. The production of p-xylene has fallen by nearly one million tons.
 
The business staff of Zhejiang Far East Chemical Fiber Group stated that the price of p-xylene was US$1,600 per ton the day before the earthquake, and it has now risen to US$1,830 per ton, an increase of nearly 15%.
 
This year, the pressure on the polyurethane industry is unprecedented: on the one hand, uncontrollable factors such as earthquakes have stimulated the price of upstream products to continue to rise, on the other hand, continuous losses in product operations. Some people have even compared the current predicament with the 2008 global financial crisis. Some analysts pointed out that in the context of high inventory and low profits in the downstream polyester plants of purified terephthalic acid, even if the purified terephthalic acid plant held high prices in March by virtue of its strength, it may be more difficult to continue to increase prices.
 
According to statistics from China Chemical Fiber Information Network, at present, polyester POY inventory is 10 to 15 days, polyester DTY inventory is about 20 days, and polyester FDY inventory is 15 to 20 days. Most polyester products have relatively meager profits, and some products have even suffered losses. In recent years, the pace of structural adjustment of my country's chemical fiber industry has been significantly accelerated, and significant results have been achieved. The industry has shown a tendency to focus on the market, large enterprises, and private enterprises.
 

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