According to the latest analysis report released by the National Development and Reform Commission, the chemical fiber industry has entered a new period of rising after two years of adjustment. The new round of investment impulses led by the polyester industry is gradually emerging. In 2006, the chemical fiber industry completed a fixed asset investment of 21.4 billion yuan, a year-on-year increase of 22.9%, of which the polyester industry completed 6.6 billion yuan, an increase of 88%. Since 2007, the blind follow-up of new rounds of investment triggered by the surge in spandex and viscose prices has been extremely obvious, and investment and capacity expansion have gradually increased. According to incomplete statistics, spandex production capacity increased by only 5,000 tons of Huafeng Spandex and approximately 7,000 tons of Foshan Invista in 2006. The capacity of new production in 2007 will surge to more than 20,000 tons. The viscose industry is also facing supply pressure from new capacity.
In recent months, the investment growth of the nylon and acrylic fiber industries has also been outstanding. Data show that from January to May this year, the actual completion of the nylon industry investment amounted to 910 million yuan, an increase of 190.3% year on year, an acceleration of 209.3 percentage points over the same period last year; the actual amount of investment in the acrylic fiber industry was 120 million yuan, an increase of 160.7%, accelerated 249.9 Percentage. The construction period of chemical fiber projects is relatively short. The increasing production capacity under the attraction of high profits has a great influence on the supply and demand relationship. The excessive growth of investment may lead to excessive competition of such products and affect the stable operation of the chemical fiber industry.
In recent months, the investment growth of the nylon and acrylic fiber industries has also been outstanding. Data show that from January to May this year, the actual completion of the nylon industry investment amounted to 910 million yuan, an increase of 190.3% year on year, an acceleration of 209.3 percentage points over the same period last year; the actual amount of investment in the acrylic fiber industry was 120 million yuan, an increase of 160.7%, accelerated 249.9 Percentage. The construction period of chemical fiber projects is relatively short. The increasing production capacity under the attraction of high profits has a great influence on the supply and demand relationship. The excessive growth of investment may lead to excessive competition of such products and affect the stable operation of the chemical fiber industry.
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