Home / Knowledge / News / Textiles / Chinese chemical fibre sector on road to recovery
Chinese chemical fibre sector on road to recovery
25
Sep '09
Industry analysts believe that recovery of the Chinese chemical fiber industry seems relatively clear now, as, Viscose Staple Fiber (VSF) industry has entered a range of higher profit, while spandex industry will have a greater room for growth, being driven from exports.

Chemical fiber industry has walked out of depression, since the second quarter and the recovery of VSF has been faster than those of other fibre varieties. Viscose staple fiber realized 24 percent of gross margin in the second quarter, close to 27 percent, its best performance in 2007.

Polyester performance has not been so good, but its performance also exceeded expectation. Spandex has witnessed a smaller decline in prices, since the onset of its off-season and in the process touched lows of 46,000 Yuan per ton.

Spandex price has shown an upward trend since the end of August and as per estimates, stocks of spandex industry will only last 10 days or less, while reasonable inventory levels maintained by enterprises, in off-season were usually of about 1 month in previous years.

Prices of spandex in China are projected to rise steadily in the future and are expected to reach 50,000 Yuan per ton, against 48,000 Yuan per ton, prevailing currently.

Chinese Spandex exports in July were over 3000 tons, up 33 percent year on year, and 32 percent higher from the previous month, reflecting an improvement month by month.

Fibre2fashion News Desk - India


Must ReadView All

Courtesy:  Pratibha Syntex

Apparel/Garments | On 19th Jul 2018

India's Pratibha Syntex aims $200 mn sales revenue by 2020

Pratibha Syntex, with interests in fibre, spinning, knitting and...

Courtesy: Munich Fabric Start

Fashion | On 19th Jul 2018

Over 100 brands to present denims at Bluezone in Sept

Over 100 international brands will present their denim developments...

Kenya to use Sh6 bn Indian loan to upgrade Rivatex

Textiles | On 19th Jul 2018

Kenya to use Sh6 bn Indian loan to upgrade Rivatex

Kenya will use a Sh6 billion loan from India’s Exim Bank to expand...

Interviews View All

Top executives
Textile industry

Knowledge sharing platform needed for sustainable water management

Mohammad Mamun Ar Rashid
UL VS Bangladesh Ltd

Productivity, creativity and innovation play a vital role in the growth of ...

Top executives
Textile & apparel bodies

The decision to reduce GST on MMF yarn to 12% is transformational

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Ravindra Jain, Ashish Baid

Oswal Prints Private Limited has been manufacturing and exporting ethnic...

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

Anisha Chaudhari
Threads & Shirts

Threads & Shirts is a freshly-tailored concept providing men/women a...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


July 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search