Analysis of Chemical Fiber Industry
Release date: [2017/4/5]   Read total [582] times
At present the industry's development of the chemical fiber industry seems to always be a pessimistic attitude. In fact, this mentality is no need. Remind the industry to pay attention to is: from the industry point of view, after more than two years after the downturn in 2006, the resumption of chemical fiber industry gains.
      It should be noted that the recovery of chemical fiber profitability does not mean that the chemical industry situation is completely improved. The overall industry is still facing two major problems, one is the cost increase, profit margins are getting smaller and smaller. By the international crude oil prices rising, raw material costs rose sharply, but the downstream product prices are difficult to simultaneously rise, which caused great pressure on the chemical fiber industry. Second, some sub-sectors under the rapid expansion of production capacity led to disorderly competition in the market, product prices continued to fall, the industry continued to decline in economic efficiency, industry profit margins are down to the trough in recent years.
      In 2007, China's polyester production capacity growth will slow down significantly, the demand for polyester raw materials will increase slightly, but from the PX, PTA, MEG capacity growth situation, the development of China's PX in 2007 is still lagging behind , And PTA capacity will add about 3.6 million tons, it means that China's demand for PX will continue to grow, the supply of PX in Asia may be more tense, so the future status of PX may be more powerful, polyester Industry chain still can not get rid of the deformity of the market structure, the right to speak or fall in the hands of the top products
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