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Profits of chemical fiber sector shoot up
10
Jan '11
As the global economic situation improved in 2010, consumer demand for textile and garment became better and combined with near doubling of prices of cotton, chemical fibre prices grew in strength.

This development promoted the rapid growth in demand of chemical fiber and chemical fiber products, which led to doubling of profit growth of the chemical fiber industry.

From January to November 2010, chemical fiber industry realized main business income of 447.6 billion Yuan, up 31.7 percent year on year. Total profits stood at 25.9 billion Yuan,
an increase of 121.2 percent year on year.

Of which, total profits of polyester fiber achieved 16.7 billion Yuan, up 200 percent over the previous year; profits of acrylic fiber completed 0.63 million Yuan, up 113 percent year on year and that of nylon marked 1.776 billion Yuan, up 134 percent year on year

Fibre2fashion News Desk - China

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