Sign in | Join free

Profit of chemical fiber industry may drop 40% in 2012

Profit of chemical fiber industry may drop 40% in 2012 Source:
Date: 10-01-2013
Visits: 289
Very Poor

The total profit of China´s chemical fiber industry is expected to reduce about 40% in 2012, said China Chemical Fibers Association.

Figures released by the National Bureau of Statistics show that in the first three quarters of this year, the profit of chemical fiber industry totaled CNY 11.63 billion, down 48.13% from a year earlier; the percentage of loss-making enterprises reached 30.05% and loss value increased by 140%. Enterprises are polarized in term of profit-earning.

The association ascribed the sharp decrease of profit to the high figures in the past couple of years. In the first three quarters of 2011, the industry was almost in profiteering period and the profit rate in 2010 was up to 7.16%, but it dropped to 2.21% in the first half of this year.

Additionally, the industry suffered huge losses due to price drop of raw material and product stock, especially in the period from February to the end of June when the prices of chemical fibers and raw materials kept declining. Nevertheless, the industry operated steadily in general and it is not necessary to worry about the sharp drop of profit.
like 306 Unlike 34
Users Comments
No comments to display
Are you sure you want to delete this comment.
Add your comment
User Name:
Email: Will not be published
Rate This article:
Maximum 3500 characters
Your name
Your email address
Your friend email address
  • /images/ourservices/125-600/pricetrend.jpg
  • /images/ourservices/125-600/product.jpg
  • /images/ourservices/125-600/videos.jpg
Suntex Asia Limited
32366 Users
have already joined Shouldn't you?
Full registration will provide you access to all our free services. It takes only one minute and it is free Go here
Quick registration (it's free)
Accesss to some of our free services
Select membership
Full Name
User Name
Enter the code
(Note: If you can't read the letters, reload the page to generate a new one.)
terms and conditions
Members Login
Already registered
Forgot your password
golden fees
Enter your e-mail address
Choose your room