Industry insiders confirmed that due to the overall improvement in the business situation, Shaoxing, Xiaoshan, and other dye downstream dyeing and printing customers generally choose to increase printing and dyeing processing fees. This shows that the price increase of dyes caused by the tight supply of the dye intermediate H acid has not had a "negative effect" on the dyeing factories, and the upside of dye prices still exists.
** All kinds of dyes have a round of price increase, and this year's activity has risen by about 10,000 yuan/ton, or 29%**.
After a period of silence, disperse dyes have changed recently. On Sunday (March 30), Zhejiang Longsheng (600352.SH) disperse dyes rose by 3,000 yuan/ton, or 8%.
This is the second general increase in disperse dyes this year. The last time was on February 15, when the price of disperse dyes was generally raised by about RMB 1,000/ton, or 3%.
On February 25th, Zhejiang Longsheng raised the price of some of the disperse dyes (red and orange series) by 1,000 to 2,000 yuan/ton, or 3% to 6%.
At present, the price of disperse dyes is around 40,000 yuan/ton, which is 142% higher than the RMB 16,500/ton in early 2013.
Compared with disperse dyes, this year's reactive dye market is relatively more fierce. The latest price increase for reactive dyes was on March 26, when the rate of increase was between 3,000 and 5,000 yuan/ton, or 10%, which was the price increase from the previous price increase (March 33, Zengpu rose by 3,000 yuan. / Ton) But one week.
Currently, the price of reactive dyes is about 45,000 yuan/ton, which has increased by about 10,000 yuan/ton or 28.57% compared with the price at the beginning of the year (35,000 yuan/ton); compared with 20,000 yuan/ton at the beginning of 2013 , it is up 125%.
The rise in the price of dyes still lies in the fact that environmental pressures have caused the upstream intermediate companies to start working abnormally, and raw materials such as H acid have been in short supply and prices have risen. H acid is the main raw material for the production of reactive dyes, accounting for 30% to 50%. H-acids are also used for the production of disperse dyes, but the amount is not large.
Zhejiang Longsheng currently has 120,000 tons of disperse dye production capacity and 70,000 tons of reactive dye production capacity; Bingtuo Group (002440.SZ) has 110,000 tons of disperse dye production capacity and 35,000 tons of reactive dye production capacity; in addition, Chuanhua shares (002010. SZ) also has 35,000 tons of reactive dye production capacity.
**The supply of H acid in the upper reaches of the market remained tight, and the industry is expected to have a supply gap of 1~2000 tons in April**
The key domestic intermediates for reactive dyes H acid production enterprises are mainly Jiangsu Jihua (20,000 tons/year capacity, export-oriented), Hubei Chuyuan (30,000 tons/year capacity, export-oriented) and Lantuo shares subsidiary Jiangsu. Mingsheng (20,000 tons/year capacity, for own use: export = 1:2).
At present, there are rumors in the market that Hubei Chuyuan has suspended production and rectification due to environmental issues, and Jiangsu Mingsheng will also suspend production for two months due to **device overhaul. However, the Great Intelligence News Agency (micro-signal DZH_news) has learned from the industry that the above three The H acid plant was not completely shut down, but was in a state of production that was on and off.
However, whether or not the production is stopped, it is certain that the current supply of H acid market is indeed very tight, and there is the possibility of continuing upward.
A H-acid trader from Wuxi told the news agency that the H-acid market is now very tight. Market quotes such as Hubei Chuyuan have been as high as RMB 140,000/ton, and market prices are around RMB 120,000/ton, â€œH acid prices. Indeed, the rise is fast. More than 10 days ago, no one would ask for a quote of 120,000 yuan/ton, but now it is not the same.â€
The data shows that the price of H acid 120,000 yuan/ton has risen by about 20% compared with that of a half month ago.
The above traders also stated that due to tight supply, he now needs cash for the manufacturer to pick up the goods, but there was no such request before, and the quantity that can be taken is low and the price is high.
â€œAccording to the current situation of the H acid plant, it is estimated that there will be a gap in the market supply in April and the amount of gap will reach 1,000-2,000 tons.â€ He said, â€œIn addition to H acid, the prices of K acid and gamma acid have also increased recently. many."
When talking about the possible trend of H acid prices in the future, the trader believes that the current prices are already quite high and it may be difficult to raise prices in the future.
Jianghua Jihua parent company-Zhejiang Jihua Group related personage said that at present, Jiangsu Jihua production is "open and stop", not completely normal. On March 18, he told the Society that because of the environmental protection inspection, Jiangsu Jihua had completely stopped production for four or five days.
"Now H-acid supply is quite tight, so we don't have quotations, we don't take new orders, and our energy is mainly on the performance of old orders. The price of old orders is generally around 910,000 yuan / ton." He said, "H-acid The price estimate will have to rise, and it may rise to 151.6 thousand yuan per ton."
A private equity investment manager stated that under the circumstances that environmental protection continues to be tightened, the price of dyes is still expected to rise, and it will benefit Zhejiang Longsheng and Bauxite, the leading companies in the entire industrial chain of dyes.
According to it, Zhejiang Longsheng's H acid production plant in Inner Mongolia was not affected by environmental protection. The current output is about 420 tons/month, and the company has enough H acid reserves to meet the demand of 800 tons/month. The stock of H2O H acid is also sufficient and will not be affected by the tight supply of the market.
** Busy production in the peak season, downstream printing and dyeing factories took the opportunity to increase processing costs and transfer costs**
It is reported that since March to June is the traditional peak season of the printing and dyeing industry, the operating conditions of printing and dyeing plants around the country are all good, and they are generally very busy.
Thus, by virtue of such market conditions, they have also taken advantage of increased printing and dyeing processing fees to ease the cost pressure caused by rising dye prices.
The Shaoxing and Xiaoshan Printing and Dyeing Associations conducted a price adjustment for the second dyeing fee at the end of March, which ranged from about 15 to 20%. The Shenghong Printing and Dyeing (located in Wujiang, Jiangsu Province), which has the largest domestic production capacity, also raised the dyeing fee from April 1.
An insider of a large-scale printing and dyeing company in Shaoxing told CCS that the current printing and dyeing plant business is generally busy and there is also a psychological preparation for the price increase of dyes. â€œSo the price rise of dye at this time is not a problem for us.â€
â€œBut from another point of view, it is normal for the printing and dyeing factories to be busy now. This is almost the best time of the year. In July, August and September, the market will fade, and the printing and dyeing factories will be there for three months. Basically, it is not profitable, and from November to November, it can be called the â€œsub-peak seasonâ€ period. The market at that time is the most crucial. If the printing and dyeing factories take orders during this period, then the situation throughout the year is good. "He said.
According to it, the rise in price of upstream dyes is only one of the reasons for the recent increase in dyeing fees by dyeing factories. The main reason for the increase in dyeing costs is due to the increase in the environmental costs of dyeing factories. â€œNow local governments strictly control the discharge of sewage from dyeing factories.â€
Shaoxing is a gathering place for printing and dyeing industry in Zhejiang Province. There are 209 printing and dyeing enterprises in this area, accounting for about three-fifths of the national printing and dyeing capacity.
Shenghong Printing and Dyeing insiders told the news agency that despite the increase in dyeing costs of the dyeing factories, the rate of increase was still lower than the increase in the price of dyes. Moreover, the profit generated by the upward adjustment was completely absorbed by the dye factory.
"Now the dye prices are really fierce. Compared with November last year, some of the more used products have gone up by 1 or 2 times!" he said.
The prosperity of the downstream printing and dyeing industry also confirms the rhetoric from dyestuff companies. It is learned that at present, dyestuff companies have a small inventory, and even some types of dyes have even broken off.
â€œAs long as dyeing factories are raising prices, there is room for price increases for dyes,â€ said one industry analyst.
"The printing and dyeing company Airways shares (600987.SH)'s operating performance in 2013 showed a significant improvement, indicating that printing and dyeing companies have a very strong ability to pass costs. The dramatic increase in dye prices does not constitute a squeeze on the profitability of downstream printing and dyeing companies. Dye prices still continue to increase in price. "The above private equity investment manager said.
On the evening of March 25, Airline shares announced the 2013 annual report, and the companyâ€™s performance data was extremely brilliant. Among them, all key financial indicators in the fourth quarter of 13 years hit a record high, with a consolidated gross margin of 38.37%, a net profit rate of 27.17%, and a year-on-year revenue of 13 years. It increased by 15% to 2.93 billion yuan and net profit of 410 million yuan, an increase of 46% year-on-year.
Artistar , https://www.cn-artistar.com