China Chemical Fiber Industry Association recently released a report in August - run China's chemical fiber industry. The report shows that 1 to August fiber production was 28,822,100 tons, compared with 26,908,900 tons, an increase of 7.11%. China Chemical Fiber Industry Association, compared the growth rate of chemical fiber industry in recent years, showing continued rapid decline this year, reversing the trend of output growth substantially stabilize.

From this point of view of each month, the monthly increase fiber production growth rate, increased from 1 to 2 months of 0.86% to 1 to August of 7.11%, indicating that the market demand is gradually restored. July, August growth has slowed, suggesting growth momentum remains weak.

According to the National Bureau of Statistics, from January to August, China's chemical fiber industry realized a total profit of 13.158 billion yuan, an increase of 15.56%, higher than the first quarter's 4.9% Percentage 10.66, down 3.97 percentage points compared with 19.53% in the first half, indicating in the second quarter than the first quarter of chemical fiber industry has obviously improved economic efficiency. But in July, August industry into the off-season, the loss widened to 23.11 percent, an increase of 5.27 percentage points, the amount of loss-making enterprises, an increase of 22.74%.

Sub-sectors, polyester industry gross profit increased by 13.71%, a substantial increase in the first quarter of -15.07% 28.78 percent, down 8.61 percentage points compared with 22.32% in the first half; spandex industry maintained a good benefit, gross profit increased significantly 69.92 %, but the growth rate gradually declined; rayon profit mainly in acetate fiber, viscose fiber industry is also more difficult to run.

Chemical fiber industry profitability has improved year on year, the profit margin was 2.84%, an increase of 0.27 percentage points, but 10 years of industry profit margins contrast, the current does not reach the average level of profitability.

From the industry operating rate, this year started the major sub-sectors of differentiation load significantly higher than the same period last year. Spandex industry operating rate was the most eye-catching, remains at over 90 percent; viscose filament yarn and viscose staple fiber located substantially above 80%; polyester staple fiber and nylon relatively poor industry; polyester filament operating rate fluctuations, during the Spring Festival, the operating rate fell to 50% or less, of which almost all parking chip spinning enterprises, spinning some business situation somewhat slightly. With the restoration of downstream demand, polyester filament industry operating rates gradually increase, in late April to the end of May, the industry average operating rate of over 80%, but from June to enter the off-season, the operating rate of rapid decline, the minimum dropped to 65 by the end of July about% in August rose to 70 percent.

Looking at the market trend for many years fiber, chemical fiber market has been in 10 years, the second low, does not have a significant downside, however, polyester and polyester raw material production capacity this year, the pressure is still large, supply and demand is still prominent, and therefore can not be blindly optimistic outlook is expected to remain weak overall consolidation trend may be. China Chemical Fiber Industry Association expects annual output reached 43.5 million tons, an increase of about 6%. Industry growth in gross profit than last year, operational quality will be slightly better.