Spandex market boom climbed Xinxiang Chemical Fiber, UHL results For Joy

2013 , with the spandex market boom rising, the relevant performance of listed companies is also very gratifying. January 22 evening, Xinxiang Chemical Fiber and UHL also released 2013 results notice, both earnings ranged from 28.5 million yuan -3050 million turnaround ; , and 380 million yuan -4.2 billion, an increase of 754% -844 %. Meanwhile, Xinxiang Chemical Fiber definite increase production capacity expansion of spandex fiber project also received the approval of Henan Province SASAC.Sellotape


Xinxiang Chemical Fiber said that in 2013 , the company 's main products viscose staple fiber , viscose filament main raw material prices have declined compared to a year earlier to different extents , spandex fiber market prices rebounded. In the meantime, companies take active measures to open up the market , the adjustment of product structure. The company expects full-year 2013 operating results compared to last year realized losses .

Meanwhile, Xinxiang Chemical Fiber also received on January 22 , Henan Province, State-owned Assets Management Committee "on the Xinxiang Chemical Fiber Co., Ltd. non-public offering of shares of approval" ( Yu Quan State [ 2014 ] No. 4 below) , agreed that the Company will be increased expanded program of spandex fiber production capacity .Washi tape


According Xinxiang Chemical Fiber on December 28, 2013 release is scheduled increase plan, the company intends to not less than 2.63 yuan / share given no more than 200 million additional shares , raising the total amount not to exceed $ 600 million net of issuance costs for all an annual output of 2 × 2万吨super soft spandex fiber project a project . The total investment is 900 million yuan , plans to start construction in February 2014 , the construction period of 18 months , after the completion of an annual output of 20,000 tons of super soft continuous polymerization spandex fibers, put into operation with an average annual income of 758 million yuan to add average annual gross 169 million yuan added . New production capacity by the fourth generation of spandex fiber production technology , energy savings of about 35% higher than the third -generation technology.

UHL interpretation of the results , compared with the high growth since the beginning of 2013 spandex market to pick up, compared with the same period last year spandex certain extent rising product prices , as well as a wholly owned subsidiary Shudu Intime Development Co., Ltd. the " Shudu Center" urban complex issue of ongoing projects and existing home sales continued submitted to the buyer , the company expects results for the year 2013 there will be a substantial increase compared with the same period last year .Masking tape


A brokerage analysts believe spandex boom will continue until 2015 . Spandex 40D price in 2013 rose about 12 percent since the current price despite a slight pullback , but the fundamentals have not changed up spandex boom , the industry will continue to boom in 2015 , the gap between supply and demand will be embodied in 2014 .

The analyst said ,2013 -2014 domestic spandex capacity growth of approximately 2.63% , 3.80 %, while demand growth is expected 2012-2014 spandex composite above 20 % capacity growth far below demand growth ; spandex body market a small amount , in short supply , the price elasticity is great, spandex prices have increased considerably space.Wholesale masking tape