The Core Price Of Masks Is Skyrocketing: The Old Customers Get A Ton Of 200 Thousand, And The Production Enterprises Say "No More Orders".

Before the outbreak of the new crown pneumonia, the "core" melted cloth price of the respirator was around 18 thousand yuan / ton. Now some of the quotations have been broken up by 200 thousand yuan / ton, and they can not be bought.

"200 thousand yuan that is to old customers, how much money can not buy new customers." A Shenzhen melt blown cloth trader told reporters in February 25th that his source of goods came from Russia. At present, the local melt blown cloth is all produced for orders, and the supply of goods in hand is sold out.

The main structure of the medical respirator is three layers of non-woven fabrics, that is, the SMS structure, the S layer is ordinary non-woven fabric, the outer S layer is waterproofing nonwovens, and the middle M layer is the melted nonwoven fabric with the electret treatment, which is the core layer to intercept bacteria and droplets. At present, the market is the most scarce and the biggest price increase is melt blown non-woven fabrics.

A non-woven production enterprise in Quanzhou said on the 25 day that the intermediate M layer had not been ordered for the time being. The price of blue and white in the outer S layer was 140 thousand yuan or 130 thousand yuan per ton, and even the quotations of other enterprises had reached 150 thousand yuan to 160 thousand yuan / ton.

In twenty-first Century, an economic report reporter learned that the rise and fall of melt blown fabric is ultimately the result of supply and demand. On the supply side, the domestic production capacity is relatively limited. The new capacity equipment needs to be customized to foreign institutions, and it takes three to six months to plant. Demand side is affected by the demand for masks in short supply, the expansion of enterprises in the industry and the influx of foreign businesses.

However, in the aforementioned Shenzhen traders, the current price of more than 200 thousand yuan has been difficult to further increase the space, but because of the new production capacity of melt blown cloth needs time, the price in the short term is difficult to fall.

The contradiction between supply and demand is not clear in the short term.

Non-woven fabric, Japan's "non-woven", literally can be seen itself is not a textile product, but the resin chips extruded through the nozzle, formed by high-speed hot air flow of ultrafine short fibers, so the upstream is mostly chemical materials production enterprises.

Among them, there are some differences in the production process of S and M layers, such as the M layer.

From the price side performance, the price of PP special material upstream of the melt blown fabric is relatively stable. "The Y381H produced by the company is mainly used for the production of S, and it has already made a promise not to rise in price." Donghua energy (002221.SZ) 25, told reporters.

Another 002838.SZ, which produces polypropylene melt blown special materials, is mainly used to produce M. However, the company has not disclosed the current price of its products to reporters.

"The cost of raw materials and other aspects is indeed rising, but the price performance can not be compared with melt blown non-woven fabrics." A Southern China listed company recently converted to melt blown nonwovens told reporters 25 days ago that although the price of specific products could not be disclosed, the price of the company's products had indeed increased.

He introduced that it was divided into two categories: civil level and medical level, the price of civil class was about 150 thousand yuan per ton, and medical grade price exceeded 200 thousand yuan.

The result is basically consistent with the price quoted from the above quoted price from Quanzhou. The melt blown non-woven fabric used for mask M layer has increased ten times before the epidemic.

More importantly, the melt blown nonwovens are now out of stock.

Not only the enterprises mentioned above have stopped taking orders, but also a group of industry exchanges directly posted "notice". "Nonwoven fabrics are not only scarce, but the manufacturers of melted spray cloth have been put into operation in March, and even some manufacturers have been discharged in April.

The foregoing Shenzhen traders' "inventory" is also imported from abroad. At present, the price of "150 thousand yuan / ton" is sold.

He said, "they are all booked out. The channel companies are now producing by orders, and they will not be sold if they are sold out."

On the contrary, the supply and demand of melt blown fabric is in a state of balance before the outbreak of the epidemic. However, after the influx of a large number of new capacity such as "hard cover" and Sinopec, the original production capacity seems to be stretched, resulting in the soaring price of melt blown cloth.

The contradiction between supply and demand is expected to be difficult in the short term and the core is in the input cycle of new capacity.

"Melted shotcrete equipment needs to be customized, and the arrival period is at least three months, plus the high cost of production and the difficulty of production. It is not the ability to rapidly release capacity in the short term. There are also related equipment manufacturers in China, but the scale of the production capacity is too small to be comparable with imported equipment." The foregoing Shenzhen traders said.

According to other information, Beijing see Qi Machinery Manufacturing Co., Ltd. produces PP melted filter cartridge and other products, but the company's small machine can produce 60-80 kilograms per day, and large machines can produce 1500 to 1800 kg per day.

Price surge hits upstream and downstream?

Although the price of non-woven fabrics is outstanding, its upstream and downstream situations should be relatively stable.

First of all, the upstream polypropylene prices have dropped sharply since the festival, although futures prices have rebounded, but the margin is very limited and can be ignored.

In the production of PP non-woven fabrics, the Y381H of Donghua energy has promised not to rise in price except for the special material of Daqing share, and the price side change is also limited.

By contrast, two listed companies are in full load condition, and sales in the first quarter are expected to be higher than the same period in previous years.

Next is the downstream timber production enterprises.

The existing capacity of mask manufacturers is mostly unified by local governments, and the quantity of market circulation is relatively limited.

A medical device company with 50 thousand medical masks per day in Jiangsu told reporters on the 25 th, "after completing a certain amount of tasks, the remaining respirators can be allocated by the enterprise itself, but it is not easy to complete the basic tasks."

Therefore, mask manufacturers only enjoy the improvement of sales volume, and it is difficult to benefit from the price level changes.

However, by contrast, the A share market is more interested in hype themes and market sentiment.

In particular, in the past two days, with the escalation of the global epidemic and the increase of confirmed cases in many countries, the Wind mask index continued to rise for two consecutive days, rising 5.72% on the 24 day and 7.46% on the 25 day.

So far, the average stock price of the 30 stocks included in the index has increased by more than 35%, and 2 stocks have gained more than 100%.

Without the direct impact of the subdivision industry, the uplift of non-woven prices may have an indirect impact on other industries.

For example, raw materials also include non-woven baby diapers. The surface coating and non-woven PE films are made of non-woven fabrics.

In this regard, Wei Cai people believe that although the use of non-woven fabric masks is different, but there is a certain overlap of source materials. Considering the tight supply of non-woven fabrics and the factors of the production of the original diaper enterprises, it may cause imbalance in the supply of related products.

In mid February, there were also cases in Hunan enterprises that stopped supplying the above-mentioned raw materials for other raw materials because of the production of masks and protective clothing. However, up to now, there has not been a case of significant price adjustment in related products.

And from the source of polypropylene, the supply itself is not lacking, but only non-woven fabrics, especially the new production of melt blown non-woven fabric can not be enough, resulting in the industrial chain single link supply and demand imbalance.