Affected by multiple factors, the chemical fiber industry profit doubled

2010, China's chemical fiber industry profit doubled. According to the China Textile Industry Association statistics show that in 2010 1-11 months, China's chemical fiber industry's main business revenue grew by 31.7% year on year; total profit increased by 121.2%. Among them, the polyester fiber total profit compared to the same period increased 200%; acrylic fiber total profits grew by 113%; an increase of 134% nylon; vinylon an increased 265%.
Investment advisor in the chemical industry researcher Yi Chi Chang believes that in 2010 China's chemical fiber industry profits have doubled and redoubled is mainly due to high cotton prices, raw material costs rise and downstream demand picks up factors promoting the rise in the prices of chemical products. Yi Zhi Chang pointed out that is closely related to chemical products and cotton, now our country spinning of raw materials mainly cotton, polyester staple fiber and viscose staple fiber, which exist some substitutes.
In 2010 as a result of domestic cotton prices rise, downstream enterprises to improve the application of the proportion of polyester staple fiber and viscose staple fiber, which in some extent push high polyester staple fiber and viscose staple fiber prices. According to the relevant data show that in 2010 China's cotton production is about 6 million 500 thousand tons, about a reduction of 6-7%. Affected by this, the domestic cotton prices rose from about August to about a record high of about RMB yuan / ton in November, the price of up to.
Rising raw material costs, in 2010 the domestic PTA and other chemical fiber raw materials prices rose faster, which also supports the rise of chemical fiber prices. According to the investment adviser released the 2010-2015 China chemical fiber industry investment analysis and prospect forecast a report "show, the chemical fiber raw material industry in China is relatively backward development, some domestic chemical products of the main raw material production still can not fully meet the market demand. For example, the main raw material of polyester PTA and EG, CPL, nylon material acrylic raw materials AN.
In terms of downstream demand, due to the 2010 global textile and garment consumption demand to pick up, the downstream industry demand for chemical fiber products increased, which also contributed to the upward price of chemical fiber. According to the China Textile Industry Association statistics, in 2010, the total output value of China's textile industry enterprises above Designated Size about 47650 billion yuan; industry wide completed the main business income of 46900 billion yuan, total profit of about 25.5 billion yuan, profit margins of 5.44%.