Data recently announced by China Chemical Fiber Association show that in the first quarter of this year, China's chemical fiber industry saw improved operating quality and profitability while investment rebounded. Influenced by fluctuation of oil price, the prices of main chemical fibers first rose then declined, with the average price higher than that in the same period of last year, but still in a downward trend.

In the first three months of this year, China's chemical fiber production totaled 11.92 million tons, up 6.87% year-on-year; meanwhile, it imported 233,300 tons of chemical fibers, up 11.44% year-on-year and exported 904,600 tons of chemical fibers, up 2.96%; the chemical fiber industry invested CNY 25.54 billion in fixed assets, up 21.51%; it earned CNY 9.68 billion of profits, up 84.68%, registered the fastest growth among all sectors of the textile industry. In this period, the profit rate of prime business revenue stood at 5.22%, improving 1.97 percentage points over the same period of last year.

Source: CHINA TEXTILE LEADER Express