Domestic Demand In The First Half To Boost The Performance Of The Chemical Fiber Industry Increased Significantly

On the 18 day, we learned from the China chemical fiber industry association that in the first half of the year, with the steady growth of the domestic demand market and the gradual improvement of the international market, the performance of the chemical fiber industry increased significantly. The association said, "according to our analysis of the cyclical regularity of the operation of the chemical fiber industry over the past thirty years, China's chemical fiber industry will enter a new rising cycle in 2010. The actual operation of the industry in the first half of this year has confirmed this."

The high growth trend of the chemical fiber industry has been reflected in the capital market.

Prior to this, the announcement of the company's earnings growth announced that the net profit of the company increased by 1373.96% over the first half of the year.

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The association said that the high growth of the chemical fiber industry in the first half was mainly caused by three reasons.

The first is the steady growth of downstream market demand.

Among the 9 varieties of downstream chemical fiber, the output increased year-on-year, among which the main varieties: chemical fiber yarn grew 28.66%, chemical fiber cloth increased 12.15%, non-woven fabrics and cord fabrics increased by 19.28% and 18.12% respectively.

All these factors are driving up the price of chemical fiber products.

Second, cotton prices continue to rise.

Due to the obvious substitution relationship between chemical fiber staple and cotton, the continuous rise of cotton prices has opened up some market space for chemical fiber staple, and the price of chemical fiber staple, especially viscose staple fiber has also risen.

In addition, the cost is reduced.

International oil prices are generally low in the first half of the year, and the cost of raw materials has a great impact on the profit margins of enterprises.

But he believes that most of the chemical fiber products have reached a fairly high price. Taking into account the downstream capacity, it is expected that the market prices of chemical fiber products will remain at a high level in the second half of this year, and the growth rate of the industry will slow down.