Field newsYour current location：Home - News
Chemical fiber industry to resolve capacity pressure to improve profit
Category：Field news Date:2015-05-15 Views：928 [BACK]
From 2014, the operation of the chemical fiber industry in China this year are good. Industry insiders say, resolving capacity pressures, optimize memory, controlling the incremental work become the focus of 2015 the chemical fiber industry. In 2014, China's chemical fiber industry to accelerate industrial upgrading, overall output growth slow down and Digest stock productivity at the same time, further optimizing the industry structure. The study pointed out that, in 2015, the chemical industry as a whole runs may be slightly better in 2014, annual chemical fiber production expected 46 million tons, an increase of around 5%, and growth in profits over the previous year, and operation quality has improved.
NBS figures show that in 2014, the industrial added value grew by 8.5% chemical fiber industry to realize total profits of 27.73 billion yuan, an increase of 11.21%. Profit growth was in large part due to crude oil prices plummeted in the second half, although synthetic fiber prices have fallen sharply, but prices decreased less than raw materials, so profit margins expanding chemical fiber products. By sector, polyester industry profits 10.409 billion yuan, an increase of 10.64%, 13.71% per cent higher. Spandex industry benefits continue to grow, but significantly down. Profitable varieties of artificial fibres are cellulose acetate and viscose fiber industry more difficult.
In 2014, due to high inventories of international silk market demand and chemical fiber fabric makes turnover decline. Meanwhile, China's chemical fiber filament fabric last year domestic sales prices depressed. Due to the low market prices, business has been difficult to adjust the price to attract market, coupled with the very limited demand, prices can only wander in a lower range, narrow profit margins.
Insiders said that at present, chemical fiber industry, the investment boom faded, and some projects postponed or cancelled, although there are also part of the project has been completed, but does not release the full capacity according to market conditions. Preliminary statistics show that 2014 polyester new capacity 3.48 million tons, only half of the planned production projects calculated earlier this year. In projects planned for 2015 and put into production, largely from 2014, total polyester capacity of about 3.4 million tons, according to the actual situation, it is estimated that only about 50% of actual production capacity can be. Enterprise production and management more rational, load control market, is to accept and adapt to the new normal, further deepening structural adjustment.
Meanwhile, the International crude oil price fluctuations have a direct impact on the associated chemical species follow-up moves. In addition, under the influence of adjustment of domestic cotton policy, domestic cotton prices fell sharply, with polyester staple fibres and viscose staple fibre price differential is shrinking, affect the amount of related varieties of chemical fiber market. But cotton prices rose, for improving the overall competitiveness of Chinese textile industry would be a major plus, chemical fiber industry will also benefit from the overall progress of the textile industry.
Insiders predicted that in 2015, China's chemical fiber industry as a whole is running slightly better in 2014. Chemical fiber industry focus is on resolving capacity pressures, optimize memory, controlling the incremental, expand applications. In addition, the industry promoting advanced energy saving technologies, accelerate mergers and reorganizations, accelerating backward production capacity exits.
NBS figures show that in 2014, the industrial added value grew by 8.5% chemical fiber industry to realize total profits of 27.73 billion yuan, an increase of 11.21%. Profit growth was in large part due to crude oil prices plummeted in the second half, although synthetic fiber prices have fallen sharply, but prices decreased less than raw materials, so profit margins expanding chemical fiber products. By sector, polyester industry profits 10.409 billion yuan, an increase of 10.64%, 13.71% per cent higher. Spandex industry benefits continue to grow, but significantly down. Profitable varieties of artificial fibres are cellulose acetate and viscose fiber industry more difficult.
In 2014, due to high inventories of international silk market demand and chemical fiber fabric makes turnover decline. Meanwhile, China's chemical fiber filament fabric last year domestic sales prices depressed. Due to the low market prices, business has been difficult to adjust the price to attract market, coupled with the very limited demand, prices can only wander in a lower range, narrow profit margins.
Insiders said that at present, chemical fiber industry, the investment boom faded, and some projects postponed or cancelled, although there are also part of the project has been completed, but does not release the full capacity according to market conditions. Preliminary statistics show that 2014 polyester new capacity 3.48 million tons, only half of the planned production projects calculated earlier this year. In projects planned for 2015 and put into production, largely from 2014, total polyester capacity of about 3.4 million tons, according to the actual situation, it is estimated that only about 50% of actual production capacity can be. Enterprise production and management more rational, load control market, is to accept and adapt to the new normal, further deepening structural adjustment.
Meanwhile, the International crude oil price fluctuations have a direct impact on the associated chemical species follow-up moves. In addition, under the influence of adjustment of domestic cotton policy, domestic cotton prices fell sharply, with polyester staple fibres and viscose staple fibre price differential is shrinking, affect the amount of related varieties of chemical fiber market. But cotton prices rose, for improving the overall competitiveness of Chinese textile industry would be a major plus, chemical fiber industry will also benefit from the overall progress of the textile industry.
Insiders predicted that in 2015, China's chemical fiber industry as a whole is running slightly better in 2014. Chemical fiber industry focus is on resolving capacity pressures, optimize memory, controlling the incremental, expand applications. In addition, the industry promoting advanced energy saving technologies, accelerate mergers and reorganizations, accelerating backward production capacity exits.