1st Half Year Operating Performance of China Chemical Fiber Industry (09/06/2010)

Updated: 2010/9/6 9:56:00

Latest statistics unveiled by China´s National Bureau of Statistics revealed that China´s chemical fiber industry hailed profit revenue of 8.066 billion CNY over the first five months of 2010, which is the double revenue as compared to the same period of last year. From January to June, the output of chemical fiber mounted up to 14.47 million tons, rising by 13.43 percent; From January to May, import of chemical fiber totaled 366 thousand tons, rising by 10.87 percent year-on-year. The export picked up noticeably quick with 792 thousand tons of chemical fiber exported, rising by 50.21 percent year-on-year.

In a nutshell, chemical fiber industry witnessed a positive operating performance thanks to the demand recovery of the international market.

Output and marketing get stable. Export shot up drastically.
The output of chemical fiber maintained a stable growth over the past six months with export recovered rapidly. Cumulative chemical fiber output of the first six months reached 14.47 million tons, rising by 13.43 percent year-on-year. The output of polyester and viscose reached 11.6 million tons and 953.8 thousand tons, respectively rising by 13.31 percent and 13.29 percent from the same period of last year. PU fiber saw the most noticeable growth at 40.56 percent year-on-year.

Import of chemical fiber over the first five months totaled 366 thousand tons, increasing by 10.87 percent year-on-year. The growth velocity narrowed month by month due to a continuous recovering economy and downstream demand expansion of last year.

Export of chemical fiber shot up drastically with 792 thousand tons of chemical fiber exported, increasing by 50.21 percent year-on-year.The export situation of chemical fiber recovered rapidly since ever after the Spring Festival.

Production and marketing also run stable, although the sales-output ratio has descended compared to the past year. Average sales-output ratio of chemical fiber industry reached 96.82 percent, down by 1.56 percentage points year-on-year.

Profit kept increasing with improving operation performance
According to the statistics of China´s National Bureau of Statistics, overall profit revenue of the first five months totaled CNY 8.066 billion, rising by 200% as compared with the same period of 2009. Deficit companies faced CNY 661 million, plunged by 68.67 percent. Approximately, 14.57 percent of the companies engaging in chemical fiber business are facing loss, down by 10.09 percentage points compared with the same period of 2009.

Major operation indicators including debt repayment capability, operating capacity, profitability and development capability all indicated pronounced growth. The profit margin especially, saw 2.4 percentage points of growth year-on-year.

Chemical fiber industry recovered relatively earlier after the financial crisis such that investors are more sanguine. Over 339 programs were under construction over the first six months with 195 new programs kicked off. Cumulative investment totaled CNY 14.838 billion, rising by 29.25 percent year-on-year. Specifically, polyamide sector saw 65.81 percent of growth, man-made fiber sector 59.17 percent and polyester sector 11.05 percent.

Source: China Textile Leader

Authority in Charge: China National Textile and Apparel Council (CNTAC)

Sponsor :China Textile Information Center (CTIC)

ISSN 1003-3025 CN11-1714/TS