Chemical Fiber Industry Does Not Have Much Room To Fall.

China Chemical Fiber Industry Association recently released the report on the operation of China's chemical fiber industry in 1~8 months.

The report shows that the output of 1~8 chemical fiber is 28 million 822 thousand and 100 tons, compared with 26 million 908 thousand and 900 tons in the same period last year, an increase of 7.11% over the same period last year.

The chemical fiber industry association of China has compared the growth rate of chemical fiber industry in recent years, indicating that the trend of continued rapid decline has been reversed this year, and the growth rate of production is basically stable.

From this year's month, the growth rate of chemical fiber production increased month by month, from 0.86% in 1~2 to 7.11% in 1~8, indicating that market demand is gradually recovering.

The growth rate slowed down in July and August, indicating that the momentum of development is still weak.

According to the National Bureau of statistics, the total profit of China's chemical fiber industry reached 13 billion 158 million yuan in 1~8 months, an increase of 15.56% over the previous year, 10.66 percentage points higher than the 4.9% in the first quarter, 3.97 percentage points lower than that in the first half of the year, indicating that the economic benefit of the chemical fiber industry in the two quarter has improved significantly compared with the first quarter.

However, in July and August, the industry entered the off-season, and the deficit expanded to 23.11%, an increase of 5.27 percentage points compared with the same period last year, and the deficit of loss making enterprises increased by 22.74% over the same period last year.

According to the industry, the total profit of polyester industry increased by 13.71% compared to the same period last year, a 28.78 percentage point increase over the first quarter of -15.07%, 8.61 percentage points lower than that in the first half of the year, and the spandex industry continued to maintain good returns, while the total profit increased by 69.92%, but the growth rate gradually dropped. The profit of the man-made fiber was mainly manifested in the operation of the acetate fiber and viscose fiber industry, but it was still more difficult to operate in the -15.07% industry.

Chemical fiber industry

Compared with the same period, the profit margin was 2.84%, up 0.27 percentage points over the same period last year, but compared with the 10 year profit margin, the current profit margin has not reached the average level.

From the industry start-up rate, the load of the main sub sectors this year is more obvious than that of the same period last year.

The operation rate of spandex industry is the most eye-catching, maintaining at least 90%; viscose filament and viscose staple fiber are basically over 80%; polyester staple fiber and nylon industry are relatively poor; the running rate of polyester filament is fluctuating greatly, and the operating rate during the Spring Festival period falls below 50%, of which the sliced spinning enterprises almost all stop, and the direct spinning enterprises are slightly less.

With the recovery of downstream demand, the starting rate of polyester filament industry has gradually increased, and the industry average from late April to the end of May.

More than 80%, but from June to the off-season, the operating rate dropped rapidly, at the end of July, it dropped to about 65%, and rose to 70% in August.

A comprehensive view of the years

Market trend, chemical fiber market has been in second years low in 10 years, do not have the space to fall sharply, but this year polyester and polyester raw materials new production capacity pressure is still large, supply and demand contradiction is still more prominent, so we can not be blindly optimistic, it is expected that the overall market outlook may remain weak trend.

China Chemical Fiber Industry Association expects annual output to reach 43 million 500 thousand tons, an increase of about 6%.

The gross profit of the industry will increase over the previous year, and the quality of operation will be slightly improved.