The Prospect Of Chemical Fiber Industry Is Not Pessimistic. China's Speed Reduction Is A Foregone Conclusion.

Recently, the prices of chemical fiber products in China continue to slump. According to the insiders, in the future, the growth rate of fiber processing in China will continue to be higher than the global average. However, the growth rate will be greatly reduced due to technical reasons and with the adjustment of the global division of labor and the slowdown of China's economy.

According to the statistics of National Bureau of statistics, the main business income of China's chemical fiber filament weaving industry accumulated 42 billion 345 million yuan in the first two quarters of this year, an increase of 7.27 percentage points compared with the same period last year, and the growth was relatively slow. Total profit totaled 1 billion 766 million yuan, an increase of 19.29% over the same period last year, but operating profit increased by only 4.84% compared with the same period last year. The profit growth of chemical fiber enterprises due to production itself is not high.

According to each industry Cluster area statistics, recently, Shengze, Changxin, Xiuzhou, Longhu, Siyang five total chemical fiber filament weaving industry's main business income decreased 3.79% compared to the same period last year, total profit fell 25.79% year-on-year, the decline was 17.35 percentage points larger than before, business difficulties increased.

It is understood that at present, China's chemical fiber production capacity is still at the stage of inertia growth. Statistics show that the production capacity of polyester in the first half of this year is 2 million 620 thousand tons. In the second half of this year, there are still about 2000000 tons of polyester polyester project to be put into operation. However, according to market conditions, some devices may be postponed into operation in 2015, and the actual production may be less than 2 million tons. Affected by the market sluggishness and inertia growth of production capacity, the main sub sectors are not working enough, and the beginning rate of polyester filament has been reduced to below 50%. With the recovery of downstream demand, the average operating rate reached more than 80% from late April to early May. The spandex industry continued to operate at high load, and the starting rate of viscose filament and viscose filament was basically located near 80%, while polyester staple fiber and nylon industry were relatively poor.

In addition, in recent years, China's chemical fiber filament fabric domestic prices continued to slump, in May reached its lowest point. Compared with the first quarter, the market confidence was insufficient, and the 782 month low season arrived. In July, the prosperity index further declined. Because downstream sales are sluggish, enterprises can only reduce production and limit production. it is reported As of June, the industrial cluster enterprises started less than 70%, which was further affected by the off-season in July.

Duan Xiaoping, President of China Chemical Fiber Association, pointed out that in the past 20 years, the world's fiber processing volume increased by 3.02% annually, with an average annual growth rate of 9.28% and an average annual growth of 11.96%, far higher than that of the world. With the growth of world economy and the increase of per capita fiber consumption, the global fiber processing volume will continue to grow. The annual average growth rate is expected to be 2.8% - 3%, and the increment will be mostly from chemical fiber. China's growth rate will continue to be higher than the global average level, but the rate of increase will be greatly reduced due to technical reasons and with the adjustment of the global division of labor and the decline of China's economy. "The prospects of the chemical fiber industry are not so pessimistic. Due to the adjustment of the global division of labor, China's speed reduction is at a foregone conclusion, and Chinese entrepreneurs are forced to consider the global layout. In terms of chemical fiber industry, the global increment in the future can be done by Chinese, but not necessarily in China.

According to Xiaoping, China In the next 3 years, without adding new devices, relying solely on the equipment being built and increasing the operating rate of existing devices, we can meet 5.5% of the demand growth. This figure is of significance to the world's chemical fiber. China's chemical fiber occupies 68% of the world's share, and the growth of China's chemical fiber 5.5% is pulling the growth rate of the global chemical fiber 3.7%.