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

Pic: Valiantsin Korznikau | Dreamstime.com

Textiles | On 30th Nov 2021

US real GDP rises at annual rate of 2.1% in Q3 2021: BEA

US real gross domestic product (GDP) increased at an annual rate of...

Pic: Stuart Key | Dreamstime.com

Apparel/Garments | On 30th Nov 2021

Turkey’s apparel exports rise 23.39% in Jan-Oct ’21

Apparel exports from Turkey increased by 25.72 per cent year-on-year...

Pic: Komgrit Pradissagul | Dreamstime.com

Textiles | On 30th Nov 2021

Italian firms see Turkey as alternative to Chinese supply chains

Turkey-Italy trade will exceed $20 billion this year and the two...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Blockchain is not a silver bullet for each and every problem in supply...

Textile Industry, Head honchos

Textile Industry
Head honchos

Luxury is not just about high prices but ability to create desire

Textile Industry, Head honchos

Textile Industry
Head honchos

Delay in adopting water sustainability both financially & environmentally...

Daniele Uboldi,

Daniele Uboldi

EptaInks is the screen-printing division of Eptanova, a company that...

Susan Bhaktul,

Susan Bhaktul

Established in 2000 as a liaison with the Government of India, Industree...

Kishina Daruka and Mishika Daruka,

Kishina Daruka and Mishika Daruka

Headquartered in Kolkata, India, sustainable clothing brand Ora was...

Michaela Griggs & Peggy Schulz, Barco Uniforms

Michaela Griggs & Peggy Schulz
Barco Uniforms

Founded in 1929, Barco Uniforms started as an apparel company for beauty...

Frank Heislitz, Freudenberg

Frank Heislitz
Freudenberg

Freudenberg Performance Materials is a leading global manufacturer of...

Michael Jaenecke, Messe Frankfurt

Michael Jaenecke
Messe Frankfurt

From May 14 to 17, international exhibitors will present the entire...

Suman Nathwani, Suman Nathwani

Suman Nathwani
Suman Nathwani

Designer <b>Suman Nathwani</b> talks about her journey of opening a...

Bav Tailor, Label Bav Tailor

Bav Tailor
Label Bav Tailor

Born in London and Indian by origin, <b>Bav Tailor </b>is the Founder of...

Reynu Taandon, Label Reynu Taandon + Nikhita

Reynu Taandon
Label Reynu Taandon + Nikhita

Renowned womenswear designer <b>Reynu Taandon </b>has been serving the...

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


November 2021

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


Advanced Search