In the past five years, the average annual growth rate of chemical fiber production of polyester staple fiber and viscose staple fiber was about 7-8%, and the contribution to the overall cotton spinning raw material was outstanding. The data presented by cotton was slightly inferior.
Cotton, polyester staple fiber and viscose staple fiber are collectively referred to as the three major cotton textile raw materials. In view of the variety and variety of chemical fiber, the output is relatively controllable, the blended yarn has a large number of raw material performance advantages, and the demand for non-woven fabrics is considerable. Factor support, the development of chemical fiber in recent years has highlighted potential.
In the past five years, the average annual growth rate of China's three major cotton textile raw materials is about 3%, of which cotton production in 2017 is about 970,000 tons, polyester staple fiber is about 530,000 tons, and viscose staple fiber is about 120,000 tons. Total production increased by 12.6% year-on-year, a five-year high.
The low price of cotton in the early stage affected the enthusiasm of cotton farmers. In 2016, the cotton planting area was only 45.15 million mu, a new low in 12 years. The target price subsidy in 2016-2019 was stable at 18,600 yuan/ton, and the price of seed cotton bottomed out. And the cotton planting area has been adjusted back in 2018.
In 2018, the area of cotton planting in Xinjiang increased slightly, but the mainland decreased sharply. In the end of August, the weather in some parts of Inner Mongolia and September-October was not good, which affected the output. It is expected that China's cotton output will remain flat during the year.
In recent years, the direct-spinning polyester staple fiber industry has been continuously integrated and upgraded, some of the old production capacity has been eliminated, and the demand for expansion has been affected by the “forbidden waste” policy and the downstream consumption structure. The output growth in 2017-2018 is relatively obvious.
In 2018, although the viscose staple fiber industry plans to expand capacity by nearly one million tons, due to factors such as actual start-up, the supply of goods in the field is far less than the performance of the production capacity. The market understands that except for some high-end enterprises holding long-term capacity development plans, most companies will mainly increase their production capacity during the short-term or temporary period.
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