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In 2012, the total profit of chemical fiber industry decreased by 40% from the same period of last year
China Chemical Fiber Association expects chemical fiber industry in 2012 full year profit will be reduced by about 40% year on year. National Bureau of Statistics data show that from January to September, the chemical fiber industry achieved a total profit of 11.635 billion yuan, down 48.13%; industry losses of 30.05%, loss-making enterprises also increased rapidly 1.4 times the loss, corporate profitability polarization. In this regard, the China Chemical Fiber Association believes that chemical fiber industry profits plunge, because: the first two years the profit base is too high, the industry in the first three quarters of 2011 almost in a state of profiteering in 2010, the highest point of profit margin of 7.16%. The industry profit margin slipped to 2.21% in the first half of this year. In addition, the loss of inventory of raw materials and products suffered a huge loss. In the first half of the year, especially from February to the end of June, the prices of chemical fiber and raw materials continued to fall, causing the enterprises to stock raw materials and causing a serious loss of inventory decline in large quantities of products. However, in fact, from the real-time price gap between chemical fiber and major raw materials, the normal processing space for chemical fiber has not changed much in this year and has basically remained stable. Therefore, the current chemical fiber industry, the sharp decline in economic benefits need not worry too much.