China Chemical Fiber Industry Association: June 2020

In the second quarter, with the relative improvement of Xinguan epidemic situation in China, the process of enterprises returning to work and production was accelerated, and the demand of textile terminal market was rebounded. The decline rate of production, investment, quality and efficiency of chemical fiber industry was significantly narrowed than that of January to March. From January to March, the import and export volume of chemical fiber decreased significantly, especially the export volume. After the sharp fall in April, the international oil price began to fluctuate upward, which has a certain support for the cost of chemical fiber, but the lack of demand is still the biggest problem facing the industry. Although some indicators of the chemical fiber industry showed signs of recovery in the first half of the year, the impact caused by the impact of the epidemic is still on, and it is still facing a great test to maintain the stable operation of the whole year.

　　 Textile and clothing terminal demand continued to recover. According to the data of the National Bureau of statistics, from January to June, the retail sales of clothing, footwear, knitwear and textiles above the national quota decreased by 19.6% year-on-year, 3.9% lower than that in January to May and 12.6% lower than that in January to March; the retail sales of online wear goods nationwide decreased by 2.9% year-on-year, 3.9% lower than that of January to may, and 12.2% lower than that of January to March. With the improvement of domestic downstream demand, the decline rate of cotton blended yarn, chemical fiber yarn, cotton blended fabric and chemical fiber staple fiber cloth among the main downstream direct products of chemical fiber from January to June was narrowed than that from January to March, among which the decline of chemical fiber yarn output was 13.12 percentage points. The growth rate of nonepidemic materials continued to increase by 6.5%. According to the data of China Customs, from January to June, China's textile and clothing exports amounted to 130.8 billion US dollars, a year-on-year increase of 1.9%, realizing the first export growth rate from negative to positive since 2020.

　　 The output of chemical fiber basically recovered to the same period last year. According to the statistics of the National Bureau of statistics, the chemical fiber output from January to June was 28.1054 million tons, with a year-on-year decrease of 0.98%. The decline rate was 2.18 percentage points lower than that of January to may, and 8.98 percentage points lower than that of January to March. Among them, polyester output was 22.3657 million tons, with a year-on-year increase of 0.04%, reversing the trend of decrease from January to May; nylon output was 2.051 million tons, increased by 1.32%; viscose staple fiber output was 1.367 million tons, a year-on-year decrease of 32.74%; spandex output was 387600 tons, with a year-on-year increase of 0.27%.

　　 The impact of foreign epidemic situation was obvious, and the growth rate of export of main products was significantly lower than that in the first quarter Slippery. According to the data of China Customs, from January to June, China imported 3818000 tons of chemical fiber, a year-on-year decrease of 15.20%, a decrease of 3.93 percentage points compared with that of January to March, and the import volume of main products decreased year on year. This is mainly due to the fact that some early orders were executed from January to March, and the global epidemic situation accelerated after March. Affected by the epidemic situation in foreign countries, the export of chemical fiber declined seriously. From January to June, the export of chemical fiber was 1937600 tons, a year-on-year decrease of 19.21%, and the decline rate was 19.97 percentage points deeper than that of January to March. Among them, the export of polyester staple fiber was 338200 tons, with a year-on-year decrease of 32.61%, an increase of 18.13 percentage points compared with January March; the export of polyester filament was 1141700 tons, with a year-on-year decrease of 14.84%, from a positive growth (2.00%) to a negative growth; the export of viscose staple fiber was 1611000 tons, with a year-on-year decrease of 21.20%, from a positive growth of 12.51% to a negative growth; viscose filament output was 30500 tons, a year-on-year decrease of 31.19%, From January to March, the positive growth (15.69%) turned to negative growth; the export of spandex was 33700 tons, down 9.99% year-on-year, and the positive growth (17.33%) from January to March turned into negative growth; among the main products, only acrylic fiber maintained the growth trend, with the export volume increasing by 20.37% year-on-year, but the growth rate also decreased by 124 percentage points compared with January to March.

　 Compared with the first quarter, the economic benefit has been greatly improved. According to the statistics of the National Chemical Fiber Industry Bureau, the total profit of the chemical fiber industry decreased by 34% to 98% year-on-year, which was 1.86% lower than that of the national chemical fiber industry. The loss of the industry was 42.75%, 2.9 percentage points lower than that of January to March, but the loss of loss making enterprises increased significantly by 71.69% year-on-year, and increased by 18.02 percentage points compared with January to March. Except for the spandex and polypropylene fiber industries, the total profits of other major chemical fiber sub industries decreased year on year, but the decline rate showed different degrees of narrowing.

　 The decrease in fixed assets investment narrowed. According to the data of the National Bureau of statistics, the investment in fixed assets of the chemical fiber industry decreased by 16.9% from January to June, 6.3% lower than that of January to May and 2.3% from January to March. With the recovery of domestic investment in the second quarter, the willingness of domestic enterprises to invest has improved.