In the second quarter, with the relative improvement of the domestic COVID-19 epidemic, the resumption of work and production of enterprises accelerated, and the textile end market demand rebounded. The main operating indicators of the chemical fiber industry, such as production, investment, and quality and efficiency, all declined significantly compared with January to March. narrow. However, affected by the spread of the epidemic abroad, the import and export volume of chemical fiber has dropped significantly, especially the export volume of major products has turned from positive growth from January to March to negative growth. International oil prices began to fluctuate upward after experiencing a sharp decline in April, which has provided certain support for the cost of chemical fiber. However, insufficient 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 of the epidemic is still there, and maintaining smooth operation throughout the year still faces greater challenges.
Textile and apparel terminal demand continues to recover. According to data from the National Bureau of Statistics, from January to June, the national retail sales of clothing, shoes, hats, and knitted textiles above designated size fell by 19.6% year-on-year. The decline was 3.9 percentage points narrower than that from January to May, and 12.6 percentage points narrowed from January to March. percentage points; national online retail sales of clothing products fell by 2.9% year-on-year, the decline narrowed by 3.9 percentage points from January to May and 12.2 percentage points from January to March. As domestic downstream demand has improved, from January to June, among the main downstream direct products of chemical fiber, the output of cotton blended yarn, chemical fiber yarn, cotton blended fabric, and chemical fiber staple fiber cloth all declined slightly compared with January to March. Narrow, among which the decline in chemical fiber yarn output narrowed by 13.12 percentage points. As anti-epidemic materials, the output growth rate of nonwovens continues to increase, with a year-on-year increase of 6.55%. According to Chinese customs data, my country’s textile and apparel exports from January to June were US$130.8 billion, a year-on-year increase of 1.9%, achieving the first export growth rate from negative to positive since 2020.
The overall output of chemical fiber has basically returned to the level of the same period last year. According to statistics from the National Bureau of Statistics, chemical fiber output from January to June was 28.1054 million tons, a year-on-year decrease of 0.98%. The decline was 2.18 percentage points narrower than that from January to May, and 8.98 percentage points narrowed from January to March. Among them, the output of polyester was 22.3657 million tons, an increase of 0.04% year-on-year, reversing the decrease trend from January to May; the output of nylon was 2.0051 million tons, an increase of 1.32% year-on-year; the output of viscose staple fiber was 1.367 million tons, a decrease of 32.74% year-on-year; and the output of spandex 387,600 tons, a year-on-year increase of 0.27%.
The impact of the foreign epidemic has been obvious, and the export growth rate of major products has declined significantly compared with the first quarter. According to Chinese customs data, my country imported 381,800 tons of chemical fiber from January to June, a year-on-year decrease of 15.20%, and the decline was 3.93 percentage points deeper than that from January to March. The import volume of major products all decreased year-on-year. This is mainly because some early orders were being executed from January to March, and the global epidemic situation accelerated and worsened after March. Affected by the foreign epidemic, chemical fiber exports declined severely. From January to June, chemical fiber exports were 1.9376 million tons, a year-on-year decrease of 19.21%, and the decline was 19.97 percentage points deeper than that from January to March. Among them, polyester staple fiber exports were 338,200 tons, a year-on-year decrease of 32.61%, and the decline was 18.13 percentage points deeper than that from January to March; polyester filament exports were 1.1417 million tons, a year-on-year decrease of 14.84%, from positive growth (2.00%) from January to March. Turned to negative growth; viscose staple fiber exports were 161,100 tons, a year-on-year decrease of 21.20%, turning from positive growth (12.51%) from January to March to negative growth; viscose filament exports were 30,500 tons, a year-on-year decrease of 31.19%, from 1 The positive growth from January to March (15.69%) turned to negative growth; spandex exports were 33,700 tons, a year-on-year decrease of 9.99%, turning from positive growth (17.33%) from January to March to negative growth; among the main products, only acrylic fiber maintained a growth trend. Export volume increased by 20.37% year-on-year, but the growth rate also dropped by 124 percentage points from January to March.
Economic performance has improved significantly compared with the first quarter. According to data from the National Bureau of Statistics, from January to June, the main business revenue of the chemical fiber industry was 349.4 billion yuan, a year-on-year decrease of 18.38%, and the decline was 6.98 percentage points narrower than that from January to March; the total profit was 7.234 billion yuan, a year-on-year decrease of 41.86%. The decline narrowed by 20.44 percentage points from January to March. The industry’s loss rate was 42.75%, narrowed by 2.9 percentage points from January to March, but the losses of loss-making enterprises increased significantly by 71.69% year-on-year, an increase of 18.02 percentage points from January to March. Except for the spandex and polypropylene industries, the total profits of other major chemical fiber sub-industries all declined year-on-year, but the decline showed varying degrees of narrowing.
The decline in fixed asset investment narrowed. Data from the National Bureau of Statistics show that from January to June, fixed asset investment in the chemical fiber industry fell by 16.9% year-on-year, with the decline narrowing by 6.3 percentage points from January to May and 2.3 percentage points from January to March. This shows that as the domestic epidemic situation improves, corporate investment willingness and investment actions have recovered in the second quarter. </p
