Milestones of 2023 color polyester staple fibers (color psf) Industry
The average monthly price of color polyester staple fibers (color psf) in 2023 is in the low range of the past decade
According to the fluctuation characteristics of color polyester staple fibers (color psf) prices in the past decade, it can be seen that in 2023, the monthly average price of polyester staple fiber is below the average of the past decade, and the valuation is low. The main reason is that the color polyester staple fibers (color psf) industry is in the late stage of maturity, and supplier price competition is relatively fierce, while the demand side is relatively weak, resulting in weak prices. At the same time, it can be seen that the price fluctuation range of polyester staple fibers in 2023 is relatively narrow, with a monthly average price fluctuation range around 500 yuan/ton, indicating low market activity.
Annual gross profit of color polyester staple fibers (color psf) reaches a new low in the past decade
According to the changes in gross profit of the color polyester staple fibers (color psf) industry in the past decade, 2022 was the first year for the color polyester staple fibers (color psf) gross profit to experience a loss. In 2023, the degree of gross profit loss increased. As of October 30, 2023, the average annual gross profit of polyester staple fiber was -147 yuan/ton, setting a new low in the past decade. Mainly due to the deepening of oversupply in the polyester staple fiber industry, product profitability has decreased.
Expected new production capacity of 1.28 million tons/year in 2023
Accelerated clearance of polyester staple fiber production capacity in 2023
Entering 2023, the competition among polyester staple fiber production enterprises is becoming more severe. With the decline in profitability of thecolor polyester staple fibers (color psf) industry, some enterprises are unable to bear the burden and have withdrawn from the polyester staple fiber industry. This includes 70000 tons/year in Shandong, 265000 tons/year in Zhejiang, 200000 tons/year in Jiangsu, and 30000 tons/year in Fujian. The total eliminated production capacity is 565000 tons/year.
The concentration of color polyester staple fibers (color psf) production capacity will increase in 2023
The production capacity concentration ratio of CR4 in the polyester staple fiber industry will reach 50% in 2023, an increase of 4 percentage points compared to 2022 (46%). Polyester staple fiber head manufacturers continue to expand their capacity.
The utilization rate of polyester staple fiber production capacity in 2023 reached a new low since 2017
In 2023, the increase in color polyester staple fibers (color psf) production capacity and the clearance of production capacity coexist, exacerbating the competition situation in the industry. However, due to the deepening of supply surplus, the industry's capacity utilization rate is decreasing year by year. In 2023, the utilization rate of polyester staple fiber production capacity dropped to around 70%, setting a new low since 2017.
Downstream spinning of polyester staple fibers in 2023 is at a high level in nearly seven years
The start of downstream spinning of polyester staple fibers in 2023 has increased compared to 2022. From the fluctuation characteristics of downstream spinning ofcolor polyester staple fibers (color psf) in the past seven years, except for January, June, and July, the downstream spinning of polyester staple fibers has been above the average value in the past seven years.
