Man-made fibre (MMF) output in China continues to grow, but at a much slower rate compared to cotton textiles.
From January to September, cotton textile industry earned 34.4 billion yuan in new fixed asset investment, while output of man-made fibre stood at 10.6 billion yuan.
MMF industry is burdened with overcapacity that pushed prices of polyester staple fiber much below the cost of production incurring losses.
Total MMF output of China in October was 1,444,500 tons, registering a 17.27 percent year-on-year growth. However, this is a slight decrease from September's 1,461,200 tons output.
From January to October, MMF output reached 13.09 million tons, showing a year-on-year rise of 11.2 percent.
marketing@alchempro.com
