Having maintained steady growth in benefits, its operation quality has been further improved. Price spread between PSF and cotton has been expanded to 3,000 yuan per ton. As Europe and the US impose restrictions on cotton textiles, textile enterprises may also tend to produce more blended yarns, so cotton proportion will inevitably decline.
Pressure of industry investment rebound in fixed assets remains high. According to statistics, polyester terylene plants worth 120 million tons will start operations in 2007, raising the production capacity will be about 300,000 tons.
In 2007, growth rate of terylene filament production is expected to fall about 10 percent, terylene production is projected to come to 17.6 million tons, of which terylene filament production will be about 11.3 million tons. Productivity growth will continue to decline, but inferior products will be eliminated more quickly.
Terylene imports are expected to fall to 450,000 tons, of which, imports of terylene filament will be 230,000 tons. Export volume of terylene will continue to increase to 850,000 tons, of which terylene filament exports will be 500,000 tons.
Sales revenue of polyester terylene industry will be 247.5 billion yuan, an increase of 15 percent; total industrial output value of PET polyester industry will be 251 billion yuan, an increase of 15 percent; the overall profits of PET polyester industry will reach 3.85 billion yuan, an increase of 10 percent.
Enterprises increase investment in R & D to optimize the product structure, improve product level. Product quality, value added, the ability of independent innovation and independent brand building will be further improved.
Fibre2fashion, News Desk - China
marketing@alchempro.com
