The "Polyester Lake" Pattern Has Already Decided That Leading Enterprises Will Enter The "Golden Age".

After 2012-2016 years of severe industry shuffling, many small and medium-sized polyester enterprises were eliminated, and the leading industry led polyester industry pattern has taken shape.

In recent years, the concentration of polyester industry has been further improved.

The gap between small and medium-sized polyester enterprises and leading enterprises has been widened, and with the opening of refinery and windows, a number of polyester leading enterprises have extended to the upstream, improving the supply and demand structure of their own industrial chain, and further strengthening their competitiveness.

Under the strong and strong iron rule, small and medium-sized polyester enterprises have no chance of overtaking the leading enterprises.

At present, Sheng Hong, Xin Feng Ming, Rong Sheng, Heng Li, Heng Yi, Tong Kun six big polyester giants have formed two types of development track.

Sheng Hong and so on focus on the upstream and downstream refining and distribution development, vigorously develop the integration of refining and chemical projects, improve their own industrial structure; new Feng Ming, etc. focus on the polyester industry strength, adhere to the main business, do fine and strong.

The future cyclical fluctuation of polyester industry is expected to weaken, and the dragon head is also expected to enjoy long-term and stable return on profitability.

The advantages of leading enterprises will be further consolidated.

Although it is in the upstream and downstream of the industrial chain, the polyester industry and the PTA industry are on the contrary. They belong to the industries with strong accumulation and strong first mover advantages, and the barriers to entry are also increasing with the promotion of energy consumption, environmental protection, safety and other indicators.

This also means that as long as the leader does not make strategic mistakes, it is almost impossible for the latecomer to reverse the attack, and the gap between the future leader and other enterprises will be bigger and bigger, and its competitive advantage will also continue to consolidate.

Financial barriers discourage small and medium enterprises

The cost side advantage of polyester industry mainly depends on the scale of production and equipment, the scale is too low, the cost is inferior, the technology is unstable, and the polyester is not the standard product. The construction of any device must consider the market capacity and the downstream acceptance level. The scale is too high, which can lead to the lack of flexibility in product adjustment, which is more harmful than profit.

On the whole, according to the practical experience of the industry, the scale of a single set of 30-40 tons is the most economical.

Referring to the park planning and construction of enterprises such as Tong Kun and Xin Feng Ming, a total of 3-4 sets of equipment in a park are combined, with a total scale of about one million tons. The corresponding investment is more than 5 billion yuan.

For non leading enterprises, the pressure on the capital is almost impossible to bear, and it is also very difficult to pass the examination and approval.

Leading enterprises form monopoly on advanced equipment

Despite the current production of polyester polymerization equipment and spinning and winding equipment, there are domestic manufacturers, but the gap between domestic equipment and imported equipment is still huge, resulting in a gap in the efficiency of production will directly affect the competitiveness of enterprises.

The two overseas suppliers of winding heads, Germany's Bama and Japanese TMT, have all been monopolized by Tung Kun, new Feng Ming and Heng Yi. This also means that even if the late development companies have passed the examination and approval and capital clearance, the equipment must accept higher production costs and lower competitive power, which will also bring hidden dangers in the long run.

The advantages of management and management can hardly be surpassed.

In addition to its advantages in capital strength and equipment technology, the leading enterprises in the industry also have the leading edge in the management level of small and medium-sized enterprises.

The polyester industry is a labor-intensive industry, leading enterprises often have over 10000 employees, and the employees of small and medium-sized enterprises are also thousands of people. This requires high requirements for personnel management.

Secondly, the biggest difference between polyester and upstream petrochemical is that polyester is a differentiated product with specifications exceeding 1000, while downstream market demand is changing. The management level is critical to downstream demand, product category selection, customer development and maintenance and product specification adjustment. Coordination between production end and sales terminal is also an important source of leading excess profits.

Therefore, in warehousing, product structure management, inventory management, staff management and other aspects, highlighting the management level of enterprises, and leading enterprises can often gather more professionals, have a more professional management team, and build a professional management mode, thus widening the gap between SMEs and SMEs in terms of management and production efficiency.

Industry leading melon regional advantages

There are many small and micro businesses and even self-employed businesses in the downstream industries of polyester and weaving.

So polyester pport has many characteristics of small batch, and the cost of long-distance pportation is difficult for small businesses to accept.

Therefore, dacron has a certain radius of pportation, and businesses generally adhere to downstream construction.

The downstream weaving of chemical fibers in China is mainly concentrated in Zhejiang, Jiangsu, accounting for more than 40% (cotton spinning is concentrated in Shandong, Henan and other places), and the market of Jiangsu and Zhejiang has been basically carved up by leading enterprises. It is very difficult for the latter to get land, examine and approve and market. If there is no opportunity, it is almost impossible to achieve catch-up through fast volume, and the advantage of market card also consolidates the leading position.

To sum up, from the current industrial structure, this is the golden age of development for polyester leading enterprises. The gap between leading enterprises and small and medium-sized enterprises will further widen. New capacity is almost digested by giants. Leading enterprises continue to expand their market share, consolidating their competitive position and strengthening the control power of leading enterprises on prices.