Dye Prices Highlight The Core Contradiction, Printing And Dyeing Enterprises To Find New Supply Depressions

< p > recently, the industry said that the price of disperse dyes increased by 4000 yuan / ton to 44 thousand yuan / ton. In April 27th, the price of reactive dyes increased by 5000 yuan / ton to 50 thousand yuan / ton.

The price of disperse dyes was only 20 days from the previous price increase, and the reactive dyes were less than 30 days.

In addition, acid dyes and reactive dyes simultaneously raised the price of 6000 yuan / ton.

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< p > "customer is God", however, because of the soaring price of dyes, the God of printing and dyeing enterprises is now crying.

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< p > < strong > dyestuff enterprise < /strong > < /p >

< p > < strong > sharing performance Carnival < /strong > /p >

< p > Zhejiang Longsheng released a quarterly report in April 27th. The company's operating income reached 4 billion 129 million yuan, an increase of 11.72% over the same period last year. Net profit after deducting non recurring gains and losses was as high as 687 million yuan, an increase of 230.47% over the same period last year.

Basic earnings per share of 0.4609 yuan.

After this performance increase, the corresponding price earnings ratio of the stock market has dropped rapidly to less than 10 times from 19 times of the 2013 annual report.

Zhejiang Longsheng company has a market value of 25 billion 790 million yuan.

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< p > > April 28th Annual Bulletin of intercontinental stock announcement 2013 annual report. The 2013 company achieved sales revenue of 4 billion 801 million yuan, an increase of 35.36% over the same period last year, and realized a net profit of 828 million yuan attributable to the owners of the parent company, an increase of 172.30% over the same period last year, and the latest earnings per share after the diluted share capital was 1.08 yuan.

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"P >" Anu "disclosed a quarterly report in April 22nd evening. The company achieved a business income of 185 million yuan in 2014 1~3, an increase of 118.47% over the same period last year. The net profit attributable to shareholders of listed companies was 20 million 285 thousand and 400 yuan, an increase of 223.33% compared with the same period last year, and the basic earnings per share were 0.12 yuan.

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< p > for the reasons for the huge increase in performance, the responsible person of Zhejiang Longsheng company said that the main reason is that the price of dyestuff products continues to rise, and the production and sales volume has increased considerably over the same period.

At the same time, Zhejiang Longsheng intermediates product production and sales prices and prices have increased, the acid business gradually normal, production steadily increased, the performance of intermediates increased considerably.

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< p > in addition, the performance of Zhejiang Long Sheng Zi De Shi Da also increased significantly.

Zhejiang Longsheng company expects 1~6 net profit in 2014 to grow by 180%~220% compared with the same period last year.

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"P" and anoits said that a large increase in operating revenue was mainly based on the completion of the construction and commissioning of Dongying Yantai capital raising project last year and the purchase of Jiangsu Yongqing reactive dyestuff project. During the reporting period, the company actively integrated resources, opened up the market, and intensified product market sales.

At the same time, the company expects that the net profit of ordinary shareholders belonging to the company in the first half of 2014 will increase substantially compared with the same period last year. The main reason is that the company will continue to push forward the sales channel construction, actively expand the market, and product sales will continue to grow continuously. After the completion of the project, the production capacity will be gradually released, the output of products will increase, the fixed cost of products will be reduced thinning, and the benefits of Jiangsu Yongqing acquisition project will continue to be reflected.

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At the fourteenth China International dyestuff industry and organic pigment and Textile Chemicals Exhibition, the P audience was overcrowded.

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< p > < strong > the core contradiction of dye price increases is highlighted: < /strong > /p >

"P > < strong > contradiction one: environmental pressure leads small and medium enterprises to shut down < /strong > /p >

During the fourteenth China International dyestuff industry and organic pigment and Textile Chemicals Exhibition, an industry expert said in an interview with reporters that the main reason for the rising price of dyestuffs is the increasingly stringent environmental protection inspection and crackdown, resulting in a large number of small and medium-sized competitors who lack environmental protection investment and P shutting down their production capacity.

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< p > "in recent years, although the macro-economy has been in the adjustment cycle of the growth rate down, some sub sectors in the chemical industry have shown a fairly continuous industry rebound. The sub industries represented by glyphosate in the field of dyes and pesticides have also continued to boom, and the main reason for the upward trend of these industries is China's increasingly stringent environmental policy."

The expert said.

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< p > it is understood that most of the dyestuff manufacturers are located in the chemical industrial park, implementing the two level "three wastes" governance and supervision of enterprises and parks.

Some parks can really achieve zero discharge of waste water and reuse all the reclaimed water, but virtually increase the cost of enterprises. Some enterprises can only afford to be out of business because they cannot afford it.

The production technology of reactive dye, which is the second place in production, mainly consists of raw slurry drying process and salting out process. The latter has high salt content and is difficult to handle, but there are still a few enterprises in use, and may be eliminated in the environmental wave in the future.

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< p > in the environmental problems that plagued dyestuff enterprises, industry experts said that Zhejiang Longsheng started early and invested heavily. It is one of the most perfect environmental protection facilities in the industry. Under the background of strict national environmental protection policy, some small and medium-sized enterprises with imperfect environmental protection facilities are bound to be eliminated, and the company will benefit from it.

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< p > and Zhejiang Longsheng official said that the company will continue to dig up the "treasure" of de stra on the basis of the existing patented technology and the extension of the circular industrial chain, and gradually upgrade to the service providers, and will actively prepare for cross-border mergers and acquisitions across the border.

In addition, with the production and investment projects and the over fund-raising projects put into operation, the company has strong financial expansion capabilities while continuing to expand and strengthen the industrial chain.

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< p > < strong > contradiction two: < a href= "//www.sjfzxm.com/news/index_c.asp" > raw material < /a > abnormal production. The price of H acid rises from 24 thousand yuan / ton to 140 thousand yuan / ton ~15 million yuan / ton < /strong > /p >

< p > in the fourteenth China International dyestuff industry and organic pigment and Textile Chemicals Exhibition, the reporter learned that at present, the price of Zhejiang Ji Hua acid has reached 140 thousand yuan / ton, and Hubei's Chu Yuan quotation is even higher, which is 150 thousand yuan / ton.

The price of 140 thousand yuan / ton ~15 million yuan / ton of acid has increased by nearly 40%~50% compared with the price a month ago.

The price of acid at the beginning of 2013 was 24 thousand yuan / ton.

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< p > according to the relevant people of Chu Yuan, Hubei, like Jiangsu, Zhejiang and other regions, Hubei's environmental protection has also been quite tight.

Earlier, there were market rumors that Chu Yuan in Hubei had stopped production and rectification because of environmental problems, but the company said it had not stopped production.

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< p > and according to other industry sources, although Chu Yuan of Hubei has not completely stopped production, its production is still affected by environmental pressure. At present, the output of the company's acid is about 1000 tons / month, basically it is about 1/3 of its normal monthly production capacity.

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< p > Hubei Chu Yuan official website information shows that the company has annual output of 40 thousand tons of H acid and 40 thousand tons of para ester, ranking first in the world.

Both H acid and para ester are the main intermediates for producing reactive dyes, which account for 50%~60% of the production cost of reactive dyes.

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< p > Hubei Chu Yuan dye intermediate sales person in charge said that at present, the demand for H acid is very good, the company will choose to take orders, the price of potential ester is expected to descend in the future, but H acid is still difficult to change in the short term.

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< p > the existing price of H acid can be maintained for at least 2 months, and may even continue to rise. In India, the price of H acid has reached 150 thousand yuan / ton.

He said.

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< p > in addition, it is understood that due to the frequent environmental verification in northern Jiangsu, Jiangsu Ji Hua's production is not very normal at present.

Jiangsu Ming Sheng stopped production because of its overhaul.

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< p > Jiangsu Jihua and Jiangsu Ming Sheng are the two other major manufacturers of HIC in addition to Chu Yuan, Hubei. The combined capacity of these three enterprises accounts for more than 80% of the total capacity of the country.

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< p > industry experts say that the intermediates represented by H acid are larger, and the overreaction of this market will take some time to calm down. The price will not drop this year.

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From the international point of view, the environmental protection in India is also starting to be true. A batch of HA production lines have been shut down. Originally, India's P acid supply is insufficient, and it needs to be imported from China.

Seeing that the dye intermediates have high profits, some enterprises will consider these items, but this also requires a process. In this process, dye prices are hard to fall.

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< p > < strong > < a > href= > //www.sjfzxm.com/news/index_c.asp > printing and dyeing enterprise < /a > no pressure voting with feet > /strong > /p >

< p > < strong > look for < a href= > //www.sjfzxm.com/news/index_c.asp > dye > /a > supply new "lowland" to explore "new way" < /strong > /p >

< p > when asked whether the printing and dyeing enterprises are complaining about the continuous rise of dyestuffs, many people in the trade, including some traders, said that the printing and dyeing enterprises would have certain opinions on the price rise of dyes, but they would eventually accept it, and this needs a process.

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< p > as the most concentrated area of printing and dyeing in China, dyestuffs and dyestuffs consumed by dyeing and printing enterprises in Keqiao District of Shaoxing city in Zhejiang province are about 10 billion yuan, accounting for 20% of the total dyestuffs.

At this global dye Festival, Keqiao District printing and dyeing enterprise procurement group enjoyed a "God like" treatment because Keqiao has a vast dye market.

It is reported that Keqiao district currently has more than 200 printing and dyeing enterprises, and its dyeing and processing capacity accounts for more than 1/2 of the total province's total, accounting for nearly 30% of the total printing and dyeing volume above the national scale.

"Customers are God.

However, the printing and dyeing enterprise this God is crying.

After discussing with many suppliers, the managers of Keqiao purchasing group still feel the pressure is not small.

A printing and dyeing entrepreneur said excitedly: "the price is fair and equitable."

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< p > a person in charge of printing and dyeing enterprises in Shishi, Fujian, told reporters that the increased cost was originally the profit of the company, and now it is entering the off-season. At that time, the price of dye is still rising.

This will definitely increase in the second half of the year.

As to whether he can pass on the cost and raise the cost of printing and dyeing, he said: "during the peak season, there is still room for negotiation, but it will be nice to enter the off-season immediately, so that customers can keep the price down."

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< p > compared with the search for new dyestuffs in the exhibition, printing and dyeing enterprises managers want to go deeper and farther.

Dyestuffs are necessities for printing and dyeing enterprises. Why do powerful printing and dyeing enterprises not invest in developing dye production bases, so that printing and dyeing can form a good "inner loop" with dyestuffs?

It is understood that some of the printing and dyeing enterprises in Shaoxing have been exploring this new road.

At the same time, there are printing and dyeing enterprises are working with Jiangsu, Hubei and other places of dye intermediate production enterprises to achieve cooperation intentions, the implementation of direct docking between factories and factories, breaking the dye price barriers.

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