Since this year, the operation of the chemical fiber industry has been severely affected by the COVID-19 epidemic. The industry has been steadily advancing the resumption of work and production since February, and the coordination of the textile industry chain has basically returned to normal in early April. However, the recovery of market consumer demand has significantly lagged behind. In May, crude oil bottomed out and the cost end of chemical fiber showed obvious support. There were also some bottom-buying actions in the downstream. The decline in some operating indicators of the chemical fiber industry narrowed compared with January to April. However, the recovery of terminal demand was lower than expected, and the global epidemic has not yet occurred. There are signs of improvement, but the situation faced by the chemical fiber industry is still grim.
Sluggish domestic demand for textiles and apparel has hindered exports, but the decline has narrowed. In terms of domestic demand, according to data from the National Bureau of Statistics, from January to May, the retail sales of clothing, shoes, hats, and needlework textiles in units above designated size nationwide fell by 23.5% year-on-year, 26.1 percentage points lower than the growth rate in the same period last year, and the decline was 5.5 percentage points narrower than that from January to April. percentage points; online retail sales of clothing products fell by 6.8% year-on-year, 28.0 percentage points lower than the growth rate of the same period last year, and the decline narrowed by 5.2 percentage points from January to April. In terms of demand for chemical fiber products in the textile and apparel industry, except for the production of non-woven fabrics, which increased by 2.46% year-on-year, the production of cotton blended yarn, chemical fiber yarn, cotton blended fabric, chemical fiber staple fiber cloth, and cord fabric all decreased year-on-year, with the decline rates of respectively 29.96%, 11.84%, 43.34%, 12.05%, 10.44%. The decline rate of most products narrowed slightly compared with January to April. In terms of external demand, according to Chinese customs data, my country’s textile and apparel exports from January to May were US$100.62 billion, a year-on-year decrease of 2.3%. The decline continued to narrow by 8.2 percentage points from January to April, and the decline expanded by 0.4 percentage points from the same period last year.
The decline in chemical fiber output continued to narrow. According to data from the National Bureau of Statistics, my country’s chemical fiber output from January to May was 22.94 million tons, a year-on-year decrease of 3.16%. The decline continued to narrow by 1.81 percentage points from January to April. The performance of each segmented product was different. Among them, the output of viscose staple fiber was 1.1488 million tons, a year-on-year decrease of 34.34%, and the decline was 4.84 percentage points deeper than that from January to April; the polyester output was 18.1452 million tons, a year-on-year decrease of 2.30%; the spandex output was 316,900 tons, a year-on-year decrease of 0.49 %, which did not continue the growth trend from January to April; nylon output was 1.6361 million tons, an increase of 1.30% year-on-year, reversing the decrease from January to April.
The international trade situation is grim, and the decline in chemical fiber imports and exports continues to deepen. According to Chinese customs data, my country imported 313,700 tons of chemical fiber from January to May, a year-on-year decrease of 17.19%. The decline was 2.32 percentage points deeper than that from January to April. The import volume of major products showed varying degrees of decrease. In terms of exports, dragged down by the overseas epidemic, chemical fiber exports declined. From January to May, exports were 1.6661 million tons, a year-on-year decrease of 16.90%. The decline was 9.2 percentage points deeper than that from January to April. The exports of major products decreased compared with those from January to April. deepen. Among them, polyester staple fiber exports fell by more than 30%, polyester filament exports decreased by 13.31% year-on-year, nylon filament exports decreased by 16.42% year-on-year, viscose filament exports decreased by 24.37% year-on-year, and viscose staple fiber exports decreased by 17.07% year-on-year; spandex masks The popularity of the earband market has declined, and export volume has shifted from a growth momentum from January to April to a year-on-year decrease of 6.17% from January to May.
The economic benefits of the industry dropped significantly, and the decline narrowed to a limited extent month-on-month. According to data from the National Bureau of Statistics, the operating income of regulated enterprises in the chemical fiber industry from January to May was 286.292 billion yuan, a year-on-year decrease of 17.97%, and the decline was 1.99 percentage points narrower than that from January to April; the total profit was 4.097 billion yuan, a significant decrease of 59.13% year-on-year. , the decline narrowed by 1.31 percentage points from January to April, with the polyester and nylon industries decreasing by 90.40% and 7.72% respectively year-on-year. The operating income profit margin was only 1.43%, a decrease of 1.63 percentage points from the same period last year. The industry’s loss rate was 42.25%, an increase of 16.2 percentage points from the same period last year, and the losses of loss-making enterprises increased by 100.15% year-on-year.
Investment confidence is insufficient, and fixed asset investment has shrunk significantly year-on-year. From January to May, the amount of fixed asset investment in the chemical fiber industry decreased by 23.2% year-on-year. The decline was 9.6 percentage points deeper than the same period last year and 7.0 percentage points deeper than the same period from January to April. This reflects the lack of investment confidence of enterprises, but some key enterprises in the industry are still stable. Promote the construction of new projects. </p
