Analysis Of The Operation Of China'S Chemical Fiber Industry In The First Half Of 2012

In the first half of the year, China's chemical fiber industry was running smoothly, and production and investment continued to grow. However, the market performance was sluggish and demand was not strong. Most of the product prices continued to fall, and the efficiency decreased significantly.

In the second half of this year, the situation of chemical fiber industry is still grim and the operation situation is difficult to improve.

1. Operation of chemical fiber industry in the first half year

(1) continuous growth in production

In 1-6 months, the output of chemical fiber was 18 million 850 thousand tons, an increase of 14.6% over the same period last year.

Among them, the output of man-made fiber was 1 million 840 thousand tons, an increase of 36.4% over the same period, and the output of synthetic fiber was 17 million 10 thousand tons, an increase of 12.6% over the same period last year.

Viscose staple fiber, nylon and polypropylene production increased rapidly, the growth rate reached 25.4%, 16.2% and 18.7% respectively; acrylic, vinylon and spandex production growth was slower, the growth rate was 4%, 0%, 4.2%.

(two) imports have dropped.

In 1-5 months, chemical fiber imports totaled 340 thousand tons, down 6% from the same period last year.

The import volume of polyester staple, polyester filament, nylon filament, spandex, viscose staple fiber and viscose filament decreased by 3.7%, 17.4%, 6.5%, 7.9%, 10.8% and 18.2% respectively, and the number of acrylic fiber imports increased 7.5% over the same period.

(three) steady growth in investment

In 1-5 months, the chemical fiber industry actually completed investment of 31 billion 200 million yuan, an increase of 24.3% over the same period last year, and the growth rate dropped 42.2 percentage points over the same period last year.

Among them, the actual investment in the man-made fiber manufacturing industry increased by 56% over the same period last year, and the actual investment in the synthetic fiber manufacturing industry increased by 20.1% over the same period last year.

(four) significant decrease in efficiency

In 1-5, the chemical fiber industry realized a total profit of 6 billion 600 million yuan, down 50.1% from the same period last year, a deficit of 30.8%, a 138.8% increase in the number of deficit enterprises and a 284.6% increase in the total number of deficit companies.

Among them, the total profit of man-made fiber manufacturing industry decreased by 38.5% compared with the same period last year, and the total profit of polyester fiber manufacturing industry decreased by 53.8% compared with the same period last year. The total profit of acrylic fiber manufacturing industry decreased by 137.5% compared with the same period last year, and the total profit of spandex fiber manufacturing industry decreased by 96.9% compared with the same period last year.

Two, the main problems facing

(1) lack of downstream market demand.

First, weaving enterprises are constrained by insufficient orders and weak demand, and the load of starting up is obviously lower than that of the same period last year.

In January this year, some weaving enterprises in Jiangsu and Zhejiang provinces maintained an average operating rate of around 20%. After the Spring Festival, the start-up rate gradually returned to normal level, and the operating rate in 5 and June decreased significantly. By the end of June, the weaving enterprises only maintained about 50% of the operating rate.

The two is the decline in export volume of textiles and clothing.

In 1-5 months, the export of textiles and garments was US $93 billion 500 million, an increase of only 2.6% over the same period last year, down 23.6 percentage points from the same period last year.

Excluding price factors, textiles

The number of exports is decreasing.

(two) price fluctuation of chemical fiber raw materials

Since February, the price of crude oil has been rising steadily to the highest level since May 4, 2011. Crude oil prices continued to decline rapidly in 5-6 months, and crude oil market rebounded sharply on the last trading day in June.

The price trend of chemical fiber raw materials, especially synthetic fiber raw materials, was greatly affected by the fluctuation of crude oil. The prices of main synthetic fibers decreased significantly since March. In 5 and June, the prices of synthetic fiber materials also declined rapidly, and the prices of synthetic fiber materials also declined rapidly. The cost of synthetic fiber products was not supported, and the downstream demand was not strong. The double factor led to the rapid decline of synthetic fiber prices.

(three) the investment is still hot

In recent years, the overall operation of the chemical fiber industry has been in good condition. The industry's internal and external capital's attention to the industry has continued to rise, resulting in a faster growth in capacity. The relevant equipment parts have even been ordered to the second half of 2014, and some companies have been booked to the first half of 2015.

Although the operation trend of the chemical fiber industry has shifted to the decline period since the four quarter of 2011, some projects have been postponed or postponed. But in the first half of this year, the production capacity of polyester is 2 million tons, polyester filament and polyester staple fiber are 1 million 120 thousand tons.

In the second half of this year, the chemical fiber industry will still be faced with a shortage of demand. In addition, the rising cost of labor and the pressure of new capacity on the market will continue to exist.

In the second half of this year, domestic macro policies will tend to be loose and market liquidity will increase, which will help the industry recover.

Chemical fiber enterprises should focus on technological progress and product development, accelerate pformation and upgrading, and realize the pformation from quantity expansion to quality upgrading.