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From January to September 2019, the economic situation at home and abroad remained complex and severe, global economic growth slowed down, external uncertainties and uncertainties increased, and domestic economic downward pressure was greater. The demand side of the chemical fiber industry continued to weaken, and the contradiction between supply and demand was prominent; market prices continued to decline, and the industry's profitability declined significantly. According to statistics from the Statistics Bureau, as of the first three quarters of 2019, the total profit of the Chinese chemical fiber industry was 20.21 billion yuan, a year-on-year decrease of 29.1%.
Industry output in the first three quarters of 2019 increased by 12.02% year-on-year
According to the statistics of the Bureau of Statistics, the national chemical fiber output from January to September was 44.196 million tons, a year-on-year increase of 12.02%. Among them, the growth rate of polyester and nylon production exceeded 10%; the growth rate of viscose staple fiber was 4.37%, which was slower than the growth rate from January to June. From January to September, the output of the key enterprises tracked by the Chemical Fiber Association increased by 8.4% year-on-year.
From the perspective of output structure, from January to September 2019, China's chemical fiber output totaled 44.196 million tons, of which artificial fiber output reached 39.510 million tons, an increase of 8.44% year-on-year, and synthetic fiber output reached 40.156 million tons, which was an increase of 12.36 %.
Total profit in the first three quarters decreased by 29.1%
In terms of total profit data, the total profit of the chemical fiber industry maintained a growth momentum from 2014 to 2017, and it declined in 2018. According to the statistics of the Bureau of Statistics, from January to September 2019, the main business income of the chemical fiber industry was 639.8 billion yuan, a year-on-year increase of 4.04%; the total profit was 20.2 billion yuan, a year-on-year decrease of 29.1%; the industry loss reached 24.42%, which was a year-on-year increase. 3.95 percentage points, the loss of loss-making enterprises increased significantly by 67.32%. The operating quality of the chemical fiber industry is generally stable, but the industry's profit margin has declined. From January to September, the operating income margin was 3.16%, a year-on-year decrease of 1.48 percentage points.
The overall export volume from January to September increased by 8.99%
In terms of exports, from January to September 2019, the export of chemical fiber products was 3.61 million tons, an increase of 8.99% year-on-year, and the growth rate was 1.21 percentage points higher than that of last year. Specifically, the number of polyester filament exports was 2.275 million tons, an increase of 16.27% year-on-year; the number of polyester staple fibers exported was 758,300 tons, a decrease of 4.68% year-on-year; the number of nylon filament exports was 202,800 tons. , An increase of 10.08% year-on-year; the export volume of acrylic fiber reached 20,500 tons, an increase of 19.45% year-on-year; the export volume of viscose filament yarn reached 64,600 tons, an increase of 1.94%; A year-on-year increase of 3.57%; the number of spandex exports reached 56,300 tons, a year-on-year increase of 15.25%.
From the perspective of the export market structure, affected by the Sino-US trade war, China ’s chemical fiber exports to the United States from January to September decreased by 35.74% year-on-year, and the proportion of total chemical fiber exports decreased by 3.38% year-on-year. In the same period, the export of chemical fiber to ASEAN and major countries along the “Belt and Road” has increased significantly, reflecting the adjustment of the textile industry layout. In general, China's chemical fiber export market is relatively fragmented and the United States accounts for less than 5%. Therefore, although the Sino-US trade war has caused China's chemical fiber exports to the United States to decline sharply, it can basically be compensated by seeking other alternative markets.
As of January-September 2019, the countries with the most chemical fiber export regions are Turkey, Vietnam, and Pakistan.
Source: Foresight Industry Research Institute
Dongyang Laichi Environmental Protection Technology Co., Ltd. is based on the concept of “Seiko Quality, Fine Service”. The main production and operation: spunbond non-woven fabric, elastic non-woven fabric, medical non-woven fabric, SSS non-woven fabric, SMS non-woven fabric, etc. , is a professional non-woven fabric manufacturer.