China produced 33.623 million tons of chemical fibres in 2011, showing an increase of 13.87 percent year-on-year. There was significant fluctuation in production growth rate during the first half of last year. The production growth rate continued to decline, especially after August.
Last year, China imported 884,900 tons of chemical fibres, showing a decline of 1.92 percent year-on-year. At the beginning of the year in January, the growth rate was 8.75 percent y-o-y, but the growth rate slackened during the subsequent months.
China's chemical fibre exports totaled 2.363 million tons in 2011, registering a growth of 22.74 percent y-o-y. The month of January saw a high growth rate of 81.73 percent.
During the last three months of 2011, the operating rates of industries manufacturing spandex, nylon and viscose staple fibre dipped to a historic low of 70 percent.
In terms of investments, China's chemical fibre industry showed high enthusiasm and attracted 73.408 billion Yuan during the whole year, marking a sharp rise of 47.87 percent year-on-year. The investments at the beginning of the year grew by 134 percent y-o-y, but declined later on.
During January-December 2011, China's chemical fibre industry earned a total profit of 32.062 billion Yuan, up 1.49 percent y-o-y.
Fibre2fashion News Desk - China