At 6 pm on October 1, with the successful operation of the 330 kV Jianghan-Hanxing Ammonia II Line Interval, the first phase of Hyosung Spandex (Ningxia) Co., Ltd., the largest foreign investment project in Ningxia, successfully delivered power, which means The enterprise is officially ready for production.
On October 3, with the successful completion of the last welding joint across the G20 Qingyin Expressway pipe jacking work shaft, it marked the Ningdong Base Coal Chemical Industry Park and Environmental Protection Industrial Park Steam The pipeline network project’s section from Maliantai Power Plant to South Korea’s Hyosung is fully connected and has the conditions to supply steam to South Korea’s Hyosung spandex project.
Hyosung Spandex (Ningxia) has an annual output of 360,000 tons of spandex and its raw material supporting projects. The planned area is 1,000 acres, with a total investment of 12 billion yuan, it will be constructed in five phases according to the principle of one-time planning and phased implementation. The main body of the first phase of the project has been completed and equipment is being installed. It is expected to be put into production on November 1 this year.
Among them, the first-phase project includes 1 spandex production workshop, 1 set of polytetramethylene ether glycol production workshop, power workshop, warehouse and other supporting auxiliary facilities; the second-phase project It includes 2 spandex production workshops and supporting auxiliary facilities; the third phase mainly constructs 2 spandex production workshops and 1 set of polytetramethylene ether glycol production workshop and supporting auxiliary facilities; the fourth phase project includes 2 spandex production workshops and supporting auxiliary facilities Facilities; the fifth phase mainly constructs 3 spandex production workshops, 1 set of polytetramethylene ether glycol production workshop and supporting auxiliary facilities.
After the project is fully completed and put into operation, it will produce 360,000 tons of spandex and 300,000 tons of polytetramethylene ether glycol series products annually, with an annual sales revenue of 21 billion yuan. The Ningdong base will become the largest spandex production base in the country and even the world.
Launch of 360,000 tons of new production capacity
Will it have a huge impact on the spandex market?
Since the beginning of this year, due to changes in the industry’s supply and demand relationship and the substantial promotion of raw materials, domestic spandex prices have risen sharply, with an increase of 86% since the beginning of this year, and an increase of more than 150% compared with the same period last year. . The changes in the business cycle of the spandex industry are mainly due to the decline in production capacity on the supply side in the past few years. At the same time, the demand side has continued to grow rapidly due to the upgrade of epidemic prevention materials and clothing fabrics. At the same time, BDO has continued to promote the surge in PTEMG this year, which has also further pushed up the price of spandex. grow rapidly. In the recent period, benefiting from the boom in spandex, the spandex industry is also actively expanding production to seize dividends. Will the launch of 360,000 tons of new production capacity have a huge impact on the spandex market?
Since September, the trend of spandex has begun to weaken. As the overall downward trend of downstream weaving operations has become more obvious, demand has weakened, and supply has eased, the market price of spandex has indeed declined. Different degrees of decline.
The editor believes that the increase in industry production capacity may inevitably have an impact on market prices. The current inventory of spandex is low, the current supply of spandex is easing, and with the arrival of the traditional peak season, some rigid demand can still be followed up, and fine-denier spandex will not be out of stock, which may also be a good thing. The current weaving market is unpredictable. The entire market is under pressure from power cuts and production shutdowns, and the market is about to rise. The current production suspension policy will also help the subsequent weaving market digest inventory to a certain extent.
In the short term, spandex will still be in a high-level consolidation stage. In the process of upstream and downstream games, spinning It remains to be seen whether server terminal consumption can be launched. Regardless of the cost side, the current change in demand is the most critical factor affecting the trend of spandex. In the future, we will further pay attention to the follow-up of domestic and foreign orders in the downstream. With the supply of spandex further abundant in the second half of the year, if the demand is difficult to boost or even declines, the spandex market will Prices are bound to come under greater pressure. </p
