Chemical Fiber Industry: Profit Growth Is The Fastest Among Sub Sectors.

According to the National Bureau of statistics, the economic benefits of the chemical fiber industry continued to improve in the two quarter.

In 1~6 months, the growth rate of industrial added value of chemical fiber industry was 12%, which was 5.7 percentage points higher than that of the national regulation of industrial added value by 6.3%.

The total profit of the chemical fiber industry was 14 billion 70 million yuan, up by 50.59% over the same period last year. It is the fastest growing industry in the textile sub sectors, but the industry has a deficit of 23.36%.

The polarization is obvious.

The industry deficit narrowed 1.11 percentage points year-on-year, narrowing 4.24 percentage points compared with the first quarter.

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The quality of operation is as follows: in the month of 1~6, the profitability of the industry increased significantly, with a profit margin of 4.05%, an increase of 1.29 percentage points compared with the same period last year. The average level of liabilities has declined, the solvency has increased slightly, and the efficiency of fund utilization has declined slightly.

However, most indicators in June were worse than 1~5 months, indicating that the quality of chemical fiber industry in June declined.

Polyester industry contributes most to the profit of chemical fiber industry.

5 billion 483 million yuan, an increase of 1.06 times compared to the same period last year, followed by the human fiber industry, including higher profit margins of acetic acid fiber, viscose fiber benefits have also improved; the spandex industry profit growth compared to last year, a significant decline, with the price decline, the profit margins have been greatly compressed.

In terms of investment, the number of new projects in the chemical fiber industry has reversed negative growth since April, reflecting that industry development confidence has increased in the first quarter, but the actual investment volume has only increased by 2.54%, and the growth rate has decreased significantly compared with the same period last year.

Spandex and nylon industry investment growth is still fast, we need to focus on.

Inventory, the first half of this year, chemical fiber products inventory changes generally show two obvious bands, 4 months is the majority of products low inventory.

Before January, before the Spring Festival, chemical fiber and textile enterprises gradually entered the rhythm of production reduction. The starting rate of chemical fiber enterprises gradually reduced, mainly in order to reduce inventory. From Spring Festival to March, the downstream demand was low, and the stock of chemical fiber enterprises increased.

In April, with the recovery of demand after the festival, and the impact of PX and other emergencies on the market, the inventory of chemical fiber products, especially polyester, dropped rapidly.

But it began to pick up again in May.

In 2015, the pressure of new production capacity of chemical fiber was still relatively large, but the pace of investment slowed down compared with the previous two years.

Preliminary statistics show that in 2015, the production capacity of the polyester project increased by about 3 million 600 thousand tons. In the first half of this year, 1 million 930 thousand tons were put into operation, most of which were put into operation in March, and only two sets of 250 thousand tons of equipment were put into operation in the two quarter.

The rest of the projects will be adjusted according to market conditions, and some projects may be delayed.