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China's synthetic fibre production growth rate slows
24
Oct '13
The rate of growth of production of synthetic fibre has slowed down in China. In September 2013, China’s total production of chemical fibres stood at 3.6 million tons, registering a growth of 6.3 percent over the same period last year, according to the data released by the National Bureau of Statistics. However, the 6.3 percent growth rate was 2.5 percent lower than the 8.8 percent growth rate witnessed in September 2012.
 
Similarly, for the first nine months of the current year, the cumulative production of man-made fibre was 30.46 million tons, recording a rise of 7.5 percent year-on-year, which was 4.5 percent lower than the growth rate observed during the corresponding period of last year.
 
In September, China’s synthetic fibre output growth slowed, partly because the chemical industry has rapidly developed over the last few years, and hence there is a high base. Secondly, unlike last year, the Mid-Autumn festival fell in September this year, so actual working days were lower than the normal, resulting in shortening of plant’s operational time.
 
At present, textile enterprises in China have gradually increased the proportion of blended yarn and they are producing blended products in increasing quantities.
 
There is still a large space for development of the chemical fibre industry in China and October man-made fibre production is expected to be higher than the September output.
 

Fibre2fashion News Desk - India

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