Influenced By Multiple Factors &Nbsp, The Profit Of Chemical Fiber Industry Doubled.

2010, China

Chang Yizhi, a researcher at CIC's chemical industry, believes that the profit growth of China's chemical fiber industry in 2010 is mainly due to the rising prices of cotton, the rising cost of raw materials and the rising demand for downstream products.

Chang Yi Zhi pointed out that chemical fiber products are closely related to cotton. Now China's spinning raw materials are mainly cotton, polyester staple fiber and viscose staple fiber, which have certain substitution relationship between the three.

In 2010, due to the high domestic cotton prices, downstream enterprises increased the proportion of polyester staple fiber and viscose staple fiber, which promoted the price of polyester staple fiber and viscose staple fiber to a certain extent.

According to the relevant data, China's cotton output in 2010 was about 6 million 500 thousand tons, or about 6-7%.

Affected by this, domestic cotton prices rose from 25 thousand yuan / ton in August to a record high in November, and the price was as high as 34 thousand yuan / ton.

In terms of rising raw material costs, domestic PTA and other chemical fiber raw materials prices rose faster in 2010, thus supporting the rising prices of chemical fibers.

According to the "2010-2015 year investment analysis and prospect forecast report of China chemical fiber industry" released by CIC, the development of China's chemical fiber raw material industry is relatively lagging behind, and the output of main raw materials of some domestic chemical fiber products can not fully meet the market demand.

For example, the main raw materials of polyester are PTA and EG, nylon raw material CPL, acrylic fiber raw material AN, etc.

In terms of downstream demand, the demand for chemical fiber products in the downstream industry increased as the demand for global textile and clothing increased in 2010, which also promoted the upward trend of chemical fiber prices.

According to the statistics of China Textile Industry Association, in 2010, the total output value of Enterprises above Designated Size in China's textile industry was about 47650 billion yuan, and the total business income of the main industry was 46900 billion yuan, with a total profit of about 255 billion yuan, with a profit margin of 5.44%.