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Don'T Panic! Behind The Collapse Of The International Oil Price Is The Original Self Rescue And Mutual Help Domestic Product Of The Chemical Fiber Industry Chain.

2020/4/22 12:13:00 2

Oil Price SlumpChemical Fiber Industry Chain

Yes, Two thousand and twenty We have been witnessing history in the past year. After witnessing the melting of us shares, we witnessed the "negative oil price".

local time Four month Twenty International oil prices set a new record. Five Monthly delivery of New York light crude oil futures prices, showing free fall all the way down, down in turn Ten US dollar pass, Five US dollar pass, One US dollar pass, Zero US dollar pass... Until Closing quotation Five Us light crude oil futures tumbled in July 300% At a barrel -37.63 The US dollar is at a record low. This is from oil futures. One thousand nine hundred and eighty-three In the year of the New York Mercantile Exchange, it fell into negative trading for the first time.

Since last night, the textile circle of friends has been painted by this price chart.











Of course, we all know that the fall in oil prices must be temporary. Trump, President of the United States, said: negative oil prices reflect the financial market situation, not the oil market situation; Goldman Sachs said the collapse in oil prices was a manifestation of unprecedented supply oversupply in the oil market.


Oversupply? This is really rare in the energy market, but it is happening now and is expected to continue for some time, and how long will it last? The whole world is watching. ...


Hing Securities Futures believe that when the demand side is serious pessimistic, enter Five After the month, the reduction of global supply under the production reduction agreement can not change the direction of oil price operation. Oil prices are expected to remain at the bottom of a wide range of shocks.


Asked a particularly helpless question, why oil prices will plummet and "negative oil prices" appear? Market analysts believe that the organization of Petroleum Exporting Countries ( OPEC ) And the production reduction actions of major oil producing countries should be carried out. Five month One However, the stock market has been opened up recently, and the demand has been greatly reduced, resulting in a sharp increase in stock and a serious imbalance between supply and demand in the market, resulting in a sharp drop in oil prices.


Demand, the "culprit" is still demand, and behind the demand is a new global epidemic.


The overall pressure of chemical fiber industry is huge.  

Some enterprises are going against the trend.


Yes, this sudden new crown outbreak is breaking up the history of mankind in a wave. At this moment, the global economy is under tremendous pressure. The National Bureau of Statistics recently released data: in the first quarter, China was hit by the new crown pneumonia epidemic. Gross domestic product Down compared with the same period last year. 6.8% 。 In the first quarter, from the perspective of the chain ratio, seasonally adjusted Gross domestic product Decline in chain ratio 9.8% 。 According to the weekly report of China Textile Industry and Economic Research Institute, although the current situation of textile industry resumed production is generally stable, the pressure of business operation has continued to increase.


Recently, China Chemical Fiber Industry Association released Two thousand and twenty year 1~2 Monthly chemical fiber industry operation briefing, the report points out: 1~2 This is the stage of the outbreak of the new crown outbreak in China. The production and operation of chemical fiber industry and its quality and efficiency have been directly affected by the epidemic situation, mainly in the aspects of postponing reemployment, decreasing demand, decreasing load, accumulating inventory and declining efficiency.


Chemical fiber production decreased significantly compared with the same period last year. The report points out: according to the National Bureau of statistics, 1~2 China's chemical fiber output is Seven hundred and twenty-seven point two three 10000 tonnes, year-on-year reduction 13.64% The viscose staple fiber output is Forty-four point eight three 10000 tonnes, year-on-year reduction 33.71% Polyester production is Five hundred and fifty-eight point eight nine 10000 tonnes, year-on-year reduction 11.92% The output of nylon is Fifty point eight six 10000 tonnes, year-on-year reduction 27.11% Spandex yield reached Twelve point two three 10000 tons, an increase year on year 4.18% The masks ear belt needs more medium coarse denier spandex.


The output has obviously declined, and the economic efficiency of the whole industry has also experienced a serious decline. According to the National Bureau of statistics, 1~2 Monthly chemical fiber industry regulation business income Eight hundred and thirty-five point eight four Billion yuan, year-on-year reduction 28.39% Total profits realized. Three point nine seven Billion yuan, a sharp decrease compared to the same period last year 74.78% Polyester and nylon industries decreased year by year, respectively. 132.01% and 15.64% The operating income margin is only 0.48% 。 Industry deficit 48.70% It expanded from the same period last year. Ten point eight six The loss of deficit companies increased by 1% compared with the same period last year. 39.49% 。 Total assets turnover, accounts receivable turnover and finished product turnover rate decreased significantly.


Polyester is the largest proportion of chemical fiber products. 132.01% The data fully show that the industry is facing tremendous pressure at the same time, at the same time polyester is the downstream product of the oil industry chain, and the collapse of crude oil prices is undoubtedly exacerbated by the industry. However, recently, Rongsheng petrochemical, Hengyi petrochemical and Hengli Petrochemical announced the first quarter results announcement, all of which were expected to be predicted. Two thousand and twenty The first quarter results will rise sharply, and the main factors are the newly started refinery projects. The integration of industrial chain will undoubtedly enhance the ability of enterprises to withstand pressure in the fluctuating market. However, a securities company's research manager told reporters: "the sharp fall in crude oil prices will definitely affect the stock of enterprises, but the crude oil prices in the first quarter have fallen sharply but have not affected these dragons. Therefore, the extent of the impact of the enterprises in the two quarter is very large. I am afraid it will depend on the final outcome.


Lower corporate costs   Structure adjustment   Extension channels

Opportunity is reserved for those who are prepared.


Despite the huge impact of the epidemic, enterprises in the industry have found a way to survive in their predicament.


This reporter learned that, in the first quarter, Jilin chemical fiber group seized the opportunity to reduce the cost of the sales. The manufacturing cost of the four leading fiber units of Jilin chemical fiber decreased significantly compared with the same period last year, and realized the total industrial output value. Twenty-eight point three seven Billion yuan, an increase year on year 0.6% To achieve the annual target. 26.7% To create the best level of history and complete product output. Thirteen point six 10000 tons, an increase year on year 10% Direct fiber export Two point four 10000 tons, an increase year on year 77% Export earning Six thousand three hundred and fifty-eight Ten thousand dollars, an increase year on year 28% In the first quarter, we will be able to make a good start in the first quarter.


Among them, the export of Jilin artificial silk increased year-on-year in the first quarter. 16.6% 。 Short fiber system can improve spinning speed by short process, full cycle, efficiency and cost reduction. 38% Average daily production Two hundred and twenty-seven Tons. At the same time, we should seize the opportunity of rising demand for non-woven fabrics during the period of epidemic prevention and control, actively adjust the production line, and promptly switch to non-woven fabrics, which will create better economic benefits for enterprises.


Acrylonitrile product line actively adjusts product structure, continues to increase the upgrading of differential acrylic products and market promotion, and has a strong market share in anti pilling fiber. 80% The performance of new products such as fine denier and Chinese velvet fibers has been continuously improved. Eight thousand and five hundred Tons. Acrylic fiber direct export in the first quarter Eleven thousand two hundred and sixty-six Tons, year-on-year growth 17% A record high, fully embodies the market value of the product.


The patented bamboo fiber has brought into full play the characteristics of antibacterial and bacteriostatic products, and has intensified the development and popularization of the two differential products. It has been effectively expanded in the fields of shirts, bedding, color spinning, towel quilts, non-woven fabrics and sanitary materials. In the first quarter, the sales volume of bamboo fiber reached nearly 10000 tons, up from the same period last year. 9%


On the one hand, Jilin carbon fiber will speed up production and increase application. In the first quarter, the production capacity of raw silk increased year-on-year through the series of tackling key problems, such as increasing production capacity, revamping and optimizing spinning parameters. 63% Sales volume Three thousand one hundred and twenty-six Tons, year-on-year growth 29% The small tow carbon filament was successfully applied to the field of surface decoration cloth, and the sales of large tow carbon wire was realized. Nine hundred and ninety-seven Tons, year-on-year growth 233% The carbon fiber plate has become another new growth point of Jilin chemical fiber. In the first quarter, the manufacturing cost of the four leading fiber units of Jilin chemical fiber decreased significantly compared with the same period last year, and the total cost decreased. 3% The company achieved a good start in the first quarter.

Help one another in defense work   Grow hand in hand   Win win future  


Leading enterprises undercover the epidemic situation


In addition to strengthening the internal force to cope with the epidemic, the upstream and downstream work together is also a good medicine for the textile and chemical fiber industry to fight against the epidemic.


Recently, Fujian has convened leading enterprises to hold various kinds of video meetings and seminars to study measures to solve practical difficulties. At the provincial and provincial meetings, Wu Huaxin, chairman of Yung Wing Holdings Limited, can always hear the firm comments of the chairman of the wing wing Holdings Group: in the face of the impact of the epidemic, the competent enterprises should play a leading role and be an example of epidemic prevention, and pay more attention to the symbiosis between industrial partners and value partners. Wu Hua said: "under the epidemic situation, the uncertainties in the global market are aggravated. The upstream and downstream enterprises in the industry chain must help each other. The competent enterprises should pay close attention to the symbiosis of the industry partners, work hand in hand to overcome difficulties, and symbiosis can be common prosperity."


If the skin does not exist, the hair will be attached. Under the epidemic situation, no enterprise can be left alone. Downstream businesses will be affected and pressure will eventually be transmitted to upstream suppliers of raw materials. In order to survive this cold winter, in addition to seeking government help, more efforts should be made to save themselves by industry and enterprises. Among them, capable enterprises should be far sighted and strategically inclined to pay close attention to the symbiosis between industrial partners and value partners.


It is reported that since the outbreak of the outbreak, Wu Huaxin led the wing wing Holdings Group, to take practical action to carry out the values of the development of large enterprises. One innovation after another, to actively respond to the market, while enhancing the enterprise's own immunity, it also helps industry enterprises to strengthen their confidence and get rid of the fog and move forward bravely.


It is Wu Huaxin's first step to increase investment in research and development of new products to meet the needs of new product development in downstream enterprises. At present, exports are weak, and industry enterprises need to tap the business opportunities of domestic demand market. In addition to expanding emerging markets, we need to implement differentiated strategies to seize the market with high-quality new products. At this time, Wu Huaxin's R & D team, more than ever, sped around the clock to develop functional, differentiated fibers that meet the market demand for anti-virus, antibacterial, health care and so on.


In order to provide more new products for downstream enterprises, Yung Wing also took the initiative to carry out market research, provide market analysis and forecast for downstream enterprises, make marketing strategy proposals, and cooperate with fast proofing and fast delivery of domestic enterprises to create better conditions for downstream enterprises to develop domestic demand market.


In order to maximize the help of industry and enterprises to gain vitality. Four At the beginning of this month, Wu Huaxin submitted a supply chain financing plan to the import and export bank. Supply chain finance relies on the capital, customers, data, credit and other advantages of leading enterprises, and the leading enterprises and their upstream and downstream members of the chain as a member to finance the production and circulation of bills, receivables, prepaid accounts and inventories. In this plan, there are One hundred Downstream enterprises in the province are included in the plan financing. 3-5 Billion yuan. After a week, the import and Export Bank clearly defined the upper limit. Five Billions of credit support is given to the scheme.


With liquidity, some downstream enterprises will return in advance. "As a leading enterprise, driving the downstream together to survive the cold winter, we have to complete the operation." Wu Huaxin is delighted that he can do anything within his power for the industry.


As Wu Huaxin said, every enterprise is a big tree, only with partners, rooted in fertile soil, grow into a dense forest, this ecosystem can survive. It is only a big tree that has been weathered by wind and rain for a long time. In the face of the epidemic and the collapse of crude oil prices, it is easy for us to fall into pessimism. This is human instinct. But the wheels of the times are always rolling forward. Who will be left behind, who will overcome difficulties and usher in new development? I'm afraid everyone of us is looking forward to this answer.

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