China's MMF output grew 5% in 2017

11 Apr '18

2 min read

The production of man-made fibre (MMF) in China increased by 5 per cent year-on-year to 49.20 million tons last year, according to data from the China Chemical Fibers Association (CCFA). Of this, polyester production was 39.34 million tons. MMF output is likely to grow at the same pace of 5 per cent this year and is expected to cross 50 million tons.

Among various MMF, acrylic production was down 1 per cent last year. However, production of polypropylene increased by 16.2 per cent, nylon 8.8 per cent, spandex 8 per cent, rayon filament 7.5 per cent, rayon staple fibre 3.7 per cent and acetate 2.6 per cent, CCFA data showed.

In terms of average price during the year, purified terephthalic acid (PTA) rose 12 per cent over 2016 to 5,173 yuan/ton. Likewise, the price of ethylene glycol (EG) shot up by 31 per cent to 7,087 yuan/ton. The average price of fibre and yarn of 167 decitex/48 FDY increased 15 per cent to 8,736 yuan/ton.

As a result of growth in both production and average price, the total pretax profit of MMF producers increased 38 per cent to 44.5 billion yuan, accounting for 51 per cent of total profit of fibre and textile manufacturing in China during the year.

Another reason for increase in earnings was capital investment of 133 billion yuan made by MMF industry in fixed assets.

MMF exports too grew by 3 per cent during the year to 4.04 million tons. (RKS)

Fibre2Fashion News Desk – India

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