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Acrylic & PP fibre production drops in May
12
Jul '08
According to China Textile Circulation Association statistics, May 2008 production of acrylic fibre stood at 37,101 tons, down 3,707 tons, or 9.08 percent from the previous month, and represented a year-on-year decline of 21,467 tons or 36.65 percent.

Industry registered sales worth 40,865 tons in May, marking a slide of 845 tons or 2.02 percent from that in April, showing a year-on-year drop of 16,519 tons, or 28.79 percent.

May inventories were 26,466 tons; 3756 tons or 12.43 percent below the previous month, but representing a slight rise of 0.32 percent from the same time last year.

Acrylic fibre production and sales rate of the month was 110.15 percent, 7.94 percentage points higher than that in April, and also 12.17 percentage points above the same time last year.

May inventory level was 71.34 percent, a decline of 2.72 percentage points from the previous month, but a year-on-year increase of 26.29 percentage points.

This Association also revealed that in May this year the production of polypropylene fibre (PP-fibre) was recorded at 2,047 tons. Although this registered a slight increase of 2.19 percent as compared to the previous month, it showed a drop of 0.53 percent from the same time last year.

May sales stood at 1,955 tons, a slight dip of 1.90 percent from the previous month, and representing a year-on-year plunge of 137 tons, or 6.54 percent.

PP-fibre inventories during the month reached 1,719 tons, a slight increase from that in April. This also marked a year-on-year growth of 359 tons, or 23.04 percent.

Production and sales rate of May was 95.51 percent, 3.99 percentage points below that of the previous month, and down 6.14 percentage points from the same time last year.

May inventory level was 83.98 percent, 2.75 percentage points higher than the previous month, up 8.28 percentage points from the same time last year.

Fibre2fashion News Desk - China

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