Dye market catastrophe China imposes temporary “double-reverse” tax on Indian intermediates

Near the end of October, the printing and dyeing factory that was shackled under the environmental storm gradually calmed down. I thought it would be a little breathless, and the security check was coming, and the situation was tense! Similarly, the dye companies under environmental pressure are not optimistic! In the third quarter, due to the influence of environmental supervision, the start-up of enterprises was restricted, the supply of dyes was small, and the inventory was low. A temporary “double-reverse” tax will be imposed on Indian intermediates, and the price of dyes will suddenly rise!

Imported o-chloro-p-nitroaniline native to India

Implementation of temporary anti-dumping measures and temporary countervailing measures

It is learned that the Customs General Administration will implement temporary anti-dumping measures and temporary countervailing measures on the import of o-chloro-p-nitroaniline originating in India on October 20th. O-chloro-p-nitroaniline is an important intermediate for the synthesis of azo dyes, which has a great impact on the cost of related dyes. Although the dyes account for less than 2% of the terminal cost of the textile products, they have a strong cost transfer capability. However, the price increase of the intermediate can be well transferred to the dye product. Therefore, the imposition of a temporary "double-reverse" tax will increase the market price of o-chloro-p-nitroaniline and bring about the expected price increase of dyes.

Under the environmental supervision, the fate of dyes is the most popular!

The domestic dye production capacity is highly concentrated in Zhejiang, and is centered on Shaoxing Shangyu. According to public data, the disperse dye capacity is 440,000 tons/year, accounting for 80% of the country; the reactive dye capacity is 175,000 tons/year, accounting for 38% of the country. Among them, Zhejiang Dyestuffs listed on the A-share market include Zhejiang Longsheng (600352), Bauxite (002440) and Jihua Group (603980). Among them, Zhejiang Longsheng and Bengbu shares are located in Shangyu District of Shaoxing.

During the environmental supervision team in Zhejiang, the fate of the major pollution dyes was the most worrying. It is reported that the dye industry is more polluted, and it is easy to produce a large amount of waste water and waste gas. In particular, it contains many organic poisonous wastes with high chroma and high content of salt. The environmental protection of the important intermediate H acid is particularly concerned and has been repeatedly exposed. Environmental issues. Under the environmental supervision, the operating rates of the dye industry intermediates and related products have a great impact.

(â–¼ Directory of Classified Pollution Management Licenses for Fixed Pollution Sources in the Textile Industry (2017 Edition))

Next, the price of disperse dyes will rise!

According to the introduction of disperse dyes leading enterprises, due to the influence of environmental supervision in the third quarter, the start-up of enterprises was restricted, the supply of dyes was small, and the inventory was low. Most of the recent production is for customers' pre-order delivery. The price of the black ECT 300% is generally around 30 yuan/kg. With the completion of this batch of goods, the next black ECT 300% will be added 35 yuan/kg order. Other products in the class are upgraded simultaneously.

The dyeing factory business is much better than before, and the price increase and queuing still exist!

Already near November, the business of the downstream printing and dyeing factories in Jiangsu and Zhejiang provinces is much better than before. The friends of the dyeing factory said that they had a fearful attitude towards environmental supervision and that production and management were affected to varying degrees. Now, with a correct and objective understanding of environmental protection supervision, customers dare to place orders with confidence and we can also produce normally; Among them, mid-to-high-end differentiated fabric orders are particularly good.

Of course, there are also Changshu dyeing factory friends who say that because there are too many orders, their factory has already raised the price twice, and they are working overtime during the National Day. The price increase and queuing phenomenon are still relatively common in Jiangsu and Zhejiang provinces. The printing and dyeing markets of Shengze, Nantong, Changzhou and Xiaoshao are also performing well:

Shengze area: market orders are in progress, and Niss spinning is delivered for at least 1 month.

After the National Day, the market sentiment continued to slowly improve and market orders increased. It is reported that the performance of dyeing factories has been diverging in the near future. The sales of individual best-selling varieties such as Nisifang are obvious. The delivery period is at least 1 month, and some dyeing factories are increasing by 0.05 yuan/meter. The orders are mostly in the market, mostly autumn and winter cold-proof fabrics.

Nantong area: dyeing factory orders are sufficient, most of the delivery period is 20-25 days

After the National Day, the market sentiment continued to slowly improve and market orders increased. It is reported that the performance of dyeing factories has been diverging in the near future. The sales of individual best-selling varieties such as Nisifang are obvious. The delivery period is at least 1 month, and some dyeing factories are increasing by 0.05 yuan/meter. The orders are mostly in the market, mostly autumn and winter cold-proof fabrics.

Changzhou area: There are more small singles, and the supply of individual varieties is tight.

At present, the dyeing factory continues to be busy. Due to the increase in the cost of raw materials, dyed materials, sewage and steam, the processing fee is generally raised, and the price range is between 2 and 5 gross. The goods are basically stable, the small singles are more proofed, the prices are not fluctuating, and the supply of individual varieties is tight.

Xiaoshao area: printing and dyeing enterprises are generally busy, and have eased from the beginning of the month.

Recently, orders in Xiaoshao area basically continued in September, and the overall market was relatively stable. With the end of October, some cloth factories are willing to ship more strongly than before. Printing and dyeing companies are generally busy, but they have improved a lot since the beginning of the month. Trading companies are more normal in shipping and proofing.

As the downstream market continues to improve, the demand for dyes is increasing, the low-priced orders of dye manufacturers are surrendered, and the inventory of traders is gradually reduced. Then the dye market will continue to strengthen, and the dyeing fee will further enter. Adjust the channel!

Editor in charge: Xu Yuehua