Dye prices are expected to continue to rise in 2017

Home > Dye prices are expected to continue to rise in 2017


Dye prices are expected to continue to rise in 2017

On Feb. 7, Ano said in an interview with investors that prices of dyestuffs have risen since January this year, and the company is still expecting higher product prices in 2017.
According to reports, since January this year, the price of dyes in the rising channel, the main reasons for price increases include: the cost, by the impact of commodity prices, dyes intermediates prices, resulting in increased cost of dyes; demand, printing and dyeing orders stable , And gradually into the production season, printing and dyeing enterprises to increase the amount of dyestuffs; inventory, December 2016 and January 2017 dyes out of the large amount of storage, the current level of factory inventory is low; policy, environmental tightening, leading to dyes The effective production capacity of enterprises.
Turning to the reasons for the recent decline in inventories, Ano its view, with the Spring Festival after the arrival of the printing season, dyes demand increased. The recent rebound in price of dyes rose, prompting the downstream printing and dyeing manufacturers in advance bulk stocking. Dye sales price in January 2017 was higher than the same period last year.
For the rise in the price of dye intermediates, Ano has its response. The company in 2016 refinancing project in Yantai with an annual output of 30,000 tons of dye intermediate production project has been completed and the implementation of some intermediate production, is expected to be fully produced in 2018; reactive dyes are planned to expand to 18,300 tons. In addition, the promise of its disperse dye production capacity has increased to 36,000 tons.
The company said that in the next few years, its dye sales will continue to improve, the main dye market position will be further improved. In the company’s business, digital, environmental protection and new materials diversification development strategy, the operation of the colorful cloud commercial platform, digital ink and nozzle project, sewage treatment projects and new materials research and development projects and business will achieve rapid development. Companies do fine and strong dye on the basis of the main industry, will use the capital market resources, through the development of diversified industries to do large enterprises.