12th five-year plan of china’s chemical fiber industry and ... · polyester price trend during...

12th Five-Year Plan of China’s

Chemical Fiber Industry and

Acrylic Industrial Development

Zheng Junlin

Secretary General

China Chemical Fiber Association

8th China International Acrylonitrile & Acrylic Fiber Forum

1

12th Five12th Five--Year Plan of ChinaYear Plan of China’’s Chemical s Chemical Fiber IndustryFiber Industry

andandAcrylic Industrial DevelopmentAcrylic Industrial Development

China Chemical Fibers AssociationChina Chemical Fibers Association

Shanghai, ChinaShanghai, China

March 10th, 2011March 10th, 2011

Industry Performance during the 11th FiveIndustry Performance during the 11th Five--yearyear--Plan PeriodPlan Period

Major Influences on the Development of Chemical Fiber Major Influences on the Development of Chemical Fiber

IndustryIndustry

Goals of Chemical Fiber Industry during the 12th FiveGoals of Chemical Fiber Industry during the 12th Five--year year

Plan PeriodPlan Period

Several Issues Concerning Acrylic Industry DevelopmentSeveral Issues Concerning Acrylic Industry Development

12th Five12th Five--Year Plan of ChinaYear Plan of China’’s Chemical Fiber s Chemical Fiber Industry and Acrylic Industrial DevelopmentIndustry and Acrylic Industrial Development


2

ProductionProduction during 11th Fiveduring 11th Five--year Planyear Plan

1664820732

24139 2415027473

30900

12711 1607518972 20046 22044

25130

05000

100001500020000250003000035000

2005 2006 2007 2008 2009 2010

kt Chemical fiber PolyesterViscose NylonAcrylic

Chemical fiber production has seen rapid increases. In 2010, China produced 30.9 million tons of chemical fibers, up by 85.6% from 2005 at an annual growth rate of 13.1%.

Accounting for 81.3% of the total, polyester fiber production rose to 25.13 million tons in 2010, up by 97.7% from 12.71 million tons of 2005, with an annual growth rate of 14.6%. Viscose Nylon AcrylicThe most rapid growth came from

nylon sector, which increased by 125% to 1.618 million tons in 2010 from 720,000 tons in 2005, with an annual growth rate of 17.5%.

Output ValueOutput Value during 11th Fiveduring 11th Five--year Planyear Plan

495382.8397412.1320.6260.8

306236.3253.3271.9

220.4179.9

0

100

200

300

400

500

2005 2006 2007 2008 2009 2010(est.)

billion yuanChemical fiber PolyesterViscose Nylon

In 2010, the total output

value of large-scale

chemical fiber enterprises

in China amounted to 495

billion yuan, up by 89.8%

from 2005 at an annual

growth rate of 13.7%.

The total output value of polyester increased by 70.1% from 179.9 billion yuan in 2005 to 306 billion yuan in 2010, with an annual growth rate of 11.2%. In terms of output value, polyester accounted for 61.8% of the entire chemical fiber industry.

Nylon and viscose output values have been rising fast, with an annual growth rate of 20.1% and 17.6% respectively.


3

ConsumptionConsumption during 11th Fiveduring 11th Five--year Planyear Plan

1746020969

23706 2325926858

29950

05000

100001500020000250003000035000

2005 2006 2007 2008 2009 2010

thousand tons

The consumption of chemical fibers in 2010 is expected to reach 29.95 million tons, up by 31.4% from 2005 at an annual growth rate of 11.4%.

Chemical fibers accounted for over 70% of textile feedstock.

The world financial crisis in 2008 led to the first negative growth in the consumption of chemical fibers within the past 15 years.

Industry AssetsIndustry Assets during 11th Fiveduring 11th Five--year Planyear Plan

407339336.6346.2

273.6246.1

226.5189191190.8159.2144.4

0

100

200

300

400

500

2005 2006 2007 2008 2009 2010(est.)

billion yuanChemical fiber Polyester Viscose Nylon Acrylic

In 2010, assets of the chemical fiber industry amounted to 407 billion yuan, up by 65.4% from 2005 at an annual growth rate of 10.6%.

Nylon and viscose sectors have seen fast expansions, with an annual growth rate of 15.3% and 13.4% respectively.


4

Polyester Price TrendPolyester Price Trend during 11th Fiveduring 11th Five--year Planyear Plan

From 2005 to H1 2008, polyester fiber prices were largely stable, while H2 2008

saw a downtrend, especially in September and October. From 2009 to Aug

2010, prices kept firming up and, after a upsurge in Sep-Oct 2010, took a sky

dive in November.

1Jan 2005

Acrylic Price TrendAcrylic Price Trend during 11th Fiveduring 11th Five--year Planyear PlanFrom 2006 to Q3 2008, acrylic feedstock prices were largely stable.

In Q4 of 2008, especially between Sep-end and October, prices dropped sharply.

March 2009 ushered in a strong uptrend which lasted for about 14 months.

May-July 2010 saw downward corrections, followed by another uptrend. Prices weakened slightly in late 2010.


5

Fixed Assets InvestmentsFixed Assets Investments during 11th Fiveduring 11th Five--year Planyear Plan

17.6 20.729.3 27.6

39

27.9

-10

0

10

20

30

40

50

2005 2006 2007 2008 2009 2010-10%

0%

10%

20%

30%

40%

50%

Fixed assets investments（billion yuan） Growth rate

In 2010, the fixed assets investments of the chemical fiber industry amounted to 39 billion yuan, up by 121% from that of 2005 at an annual growth rate of 17.2%.

In 2008, investment activities were slowed down significantly under the impact from world financial crisis, resulting in a negative growth at ﹣5.8% in 2009. In 2010, chemical fiber industry improved rapidly and saw a quick recovery in investment growth, with a year-on-year increase at 41.3%.

Chemical Fiber ExportChemical Fiber Export during 11th Fiveduring 11th Five--year Planyear Plan

SouthKorea

6%

India8%

Turkey8%

HongKong

9%

USA17%

Others52%

7101050

1540 1710 14801925

-1000-500

0500

10001500200025003000

2005 2006 2007 2008 2009 2010-20%-10%0%10%20%30%40%50%60%

Chemical fiber export volume（thousand tons） Growth rate

Vietnam6%

SouthKorea

7%

Turkey10%

USA13%

Pakistan

14%Others50%

In 2010, China exported about 1.925 million tons of chemical fibers, a 171% increase from 2005 with an annual growth rate of 21.8%.Under the impact of world financial crisis, 2009 saw a negative growth in chemical fiber export, but the growth rate soon recovered to 28.7% in 2010.

In 2010, Pakistan

became the largest

importer of China’s

chemical fibers.

2005 2010


6

Gross ProfitGross Profit during 11th Fiveduring 11th Five--year Planyear Plan

8.216.1

4.6 7.0

27.0

17.1

-49%

51%

131% 109%

58%

-10

0

10

20

30

2005 2006 2007 2008 2009 2010(est.)-50%

0%

50%

100%

150%Gross profit（billion yuan） Growth rate

In 2010, the gross profit of chemical fiber industry amounted to about 27

billion yuan, up by 480% from that of 2005 at an annual growth rate of 42.3%.

Chemical fiber industry saw healthy profit margins in 2007, 2009 and 2010,

along with sharp increases in gross profits.

Profit RatesProfit Rates during 11th Fiveduring 11th Five--year Planyear Plan

1.42%

-2.10%

5.45% 5.41%6.25%

4.20%

1.13%2.74%

4.28%

1.80%

-4.00%

-2.00%

0.00%

2.00%

4.00%

6.00%

8.00%

Chemicalfiber

Polyester Viscose Nylon Acrylic

20052010(est.)

With technological advancement in chemical fiber industry, the profit rates of all varieties have been expanding notably.

In 2010, the profit rate of China’s chemical fiber industry reached 5.45%, up by 3.65 percentage points from 2005.

Hereinto, the profit rate of polyester industry gained 3.99 percentage points to 5.41%, and that of viscose up by 1.97 percentage points to 6.25%.


7

Major Economic Indicators in 2010Major Economic Indicators in 2010Major Economic Indicators of Chemical Fiber Industry in 2010

42.78%42.78%27.3327.3339.0239.02Fixed Asset Investment of Chemical Fixed Asset Investment of Chemical

Fiber IndustryFiber Industry

--50.81%50.81%2.5222.5221.2411.241Total Loss of LossTotal Loss of Loss--making making

EnterprisesEnterprises

121.16%121.16%11.71711.71725.91325.913Gross Profit of Chemical Fiber Gross Profit of Chemical Fiber IndustryIndustry

12.35%12.35%1,066.71,066.71,198.41,198.4Imp. Vol. of Artificial Fiber FeedstockImp. Vol. of Artificial Fiber Feedstock7.74%7.74%14,709.914,709.915,848.315,848.3Imp. Vol. of Synthetic Fiber FeedstockImp. Vol. of Synthetic Fiber Feedstock14.36%14.36%26,123.826,123.829,87429,874Total SupplyTotal Supply30.38%30.38%1,476.71,476.71,925.31,925.3Export VolumeExport Volume4.73%4.73%861.5861.5902.3902.3Import VolumeImport Volume15.55%15.55%26,739.026,739.030,897.030,897.0Chemical Fiber ProductionChemical Fiber Production

ChangeChange2009200920102010Items (kt, billion yuan)Items (kt, billion yuan)

Major Influences on the Development of Major Influences on the Development of Chemical Fiber IndustryChemical Fiber Industry

The change and tendency of international macroThe change and tendency of international macro--economic environmenteconomic environment

The change in ChinaThe change in China’’s domestic macros domestic macro--economic environment and economic environment and policiespolicies

Increasing demand from domestic textile marketIncreasing demand from domestic textile market

Production factors Production factors —— Supply/demand balance and price changesSupply/demand balance and price changes

Technological advancement and structural adjustment within chemiTechnological advancement and structural adjustment within chemical cal fiber industryfiber industry

Investment growth and newlyInvestment growth and newly--added capacitiesadded capacities


8

The change in international macroThe change in international macro--economic economic environmentenvironment

World financial crisisWorld financial crisis

Change of consumption mode in developed countriesChange of consumption mode in developed countries

Recovery rate of world economic growthRecovery rate of world economic growth

More intense conflicts in international tradeMore intense conflicts in international trade

Stronger tendency of global inflationStronger tendency of global inflation


The change in ChinaThe change in China’’s domestic macros domestic macro--economic environment economic environment and policiesand policies

Industrial Adjustment & Revitalization PlanningIndustrial Adjustment & Revitalization Planning

Exchange rate adjustmentsExchange rate adjustments

Monetary policy, fiscal policy, industrial policiesMonetary policy, fiscal policy, industrial policies

The 12th FiveThe 12th Five--year Planyear Plan

Commodity price control and regulation, etc.Commodity price control and regulation, etc.

Increasing demand from domestic textile marketIncreasing demand from domestic textile market

Supply/demand balance and pricing of production factors Supply/demand balance and pricing of production factors

Technological advancement and structural adjustment within Technological advancement and structural adjustment within the industrythe industry



9

The change in ChinaThe change in China’’s domestic macros domestic macro--economic economic

environment and policiesenvironment and policies

Textile Industry Restructuring & Revitalization Planning Textile Industry Restructuring & Revitalization Planning (2009(2009--2011)2011)

The 12th FiveThe 12th Five--year Planning of Textile Industryyear Planning of Textile Industry

Monetary policy, exchange rate adjustments, fiscal policyMonetary policy, exchange rate adjustments, fiscal policy

Related industrial policies Related industrial policies —— to eliminate outto eliminate out--dated dated capacities; to implement Conditions of Entrycapacities; to implement Conditions of Entry

Countermeasures of inflation Countermeasures of inflation —— Real estate and commodity Real estate and commodity price regulation and controlprice regulation and control


Influence Influence —— Price Trend of Crude OilPrice Trend of Crude Oil

Price Trend of Crude Futures (1 Jan 2010~23 Feb 2011)

Source: CCFEI


10

InfluenceInfluence —— Tight Feedstock SupplyTight Feedstock Supply

77%65%

34%

54%

79%70%

32%27%

0%10%20%30%40%50%60%70%80%90%

2005 2006 2007 2008 2009

PTA EG CPL AN

In 2010, China imported about 15.6 million tons of synthetic fiber intermediates, an 28.2% increase from 2005 with an annual growth rate of 5.1%.

PTA shortage was eased by the quick expansions of domestic capacities. In 2009, the import dependency ratio dropped to 34% from 54% in 2005.

Some intermediates faces greater shortage. China’s chemical fiber industry is highly dependent on EG, CPL and AN imports.

In 2010, China imported 964kt wood pulp, a 13.3% increase on year, while the import dependency ratio reached 95%.

Price Trends of Chemical Fiber FeedstockPrice Trends of Chemical Fiber FeedstockPrice Trend of Polyester Chain (PTA/POY/PSF) during 2002~Feb 2011

Price Trend of Polyester Chain (PTA/POY/PSF) during 2010~Feb 2011

Source: CCFEI


11

Price Trend of Chemical Fiber FeedstockPrice Trend of Chemical Fiber FeedstockPrice trend of nylon chain (CPL/PA/70D FDY, Jan 2010-23 Feb 2011)

Price trend of acrylic chain (ACN, top, staple fiber, Jan 2010-23 Feb 2011)

Source: CCFEI

Price Trend of CottonPrice Trend of Cotton

Comparison of cotton and staple fibers

Source: CCFEI


12

Price Trends of Zhengzhou cotton futures, NYMEX cotton futures and domestic spots during 1 Jan 2010-Feb 2011

Price Trend of CottonPrice Trend of Cotton

Source: Green Futures

Price Trends of Zhengzhou cotton futures and PTA futures (4 Jan 2010-12 Feb 2011)

Source: Green Futures

Cotton Futures vs. PTA FuturesCotton Futures vs. PTA Futures


13

Technological ProgressTechnological Progress

Remarkable progresses achieved by the industry

PET PolymerizingPET PolymerizingSingleSingle--line capacity up to 900line capacity up to 900--1,200t/d from 600t/d1,200t/d from 600t/dUnit consumption down by 20%Unit consumption down by 20%Cost down by 15%Cost down by 15%

Polyester FiberPolyester FiberSpinningSpinning

Shift from side quenching to circular one in direct spinning Shift from side quenching to circular one in direct spinning processprocessAble to produce fine diner 20D/144F, dpf 0.13Able to produce fine diner 20D/144F, dpf 0.13OnOn--line viscosity enhancing line viscosity enhancing OnOn--line master batch adding and nanometer functionline master batch adding and nanometer function

Nylon Nylon PolymerizingPolymerizing

SingleSingle--line capacity surpassing 200t/dline capacity surpassing 200t/d；；Diameter of polymerization VK tube >2Diameter of polymerization VK tube >2 metersmeters

SpandexSpandexContinuous polymerizationContinuous polymerizationHighHigh--speed spinningspeed spinning (fine denier)(fine denier)EcoEco--friendly solventfriendly solvent (DMAC)(DMAC)

ViscoseViscoseSingleSingle--line capacity surpassing 45kt/yr and reaching 60kt/yrline capacity surpassing 45kt/yr and reaching 60kt/yrDPF up to 20 denier, could be blended with 120SDPF up to 20 denier, could be blended with 120SCConeone dyedyeiingng technologytechnologyExpanded applicationExpanded application (medical, non(medical, non--woven)woven)

Development of integrated polyester complex in China during the 10th and 11th Five-year Plan

1100th Fiveth Five--year Planyear Plan 11th Five11th Five--year Planyear Plan

SingleSingle--line Capacityline Capacity 150150--200kt/yr200kt/yr 300300--400kt/yr400kt/yr

InvestmentInvestmentTotalTotal 180180--230 million yuan230 million yuan 300300--350 million yuan350 million yuan

UnitUnit 1,0001,000--1,500 yuan/ton1,500 yuan/ton 800800--1,000 yuan/ton1,000 yuan/tonConstruction PeriodConstruction Period 14 months14 months 1212--14 months14 months

Operation CostsOperation Costs 1,000~1,5001,000~1,500 yuan/tonyuan/ton 700700--800 yuan/ton800 yuan/ton

Progress Features Progress Features and Statusand Status

Homemade equipments of Homemade equipments of high capacityhigh capacityMainly directMainly direct--spinningspinningLow investment costsLow investment costsHigh fineness (direct spinning, High fineness (direct spinning, able to produce dpf0.3~0.5 able to produce dpf0.3~0.5 fibersfibers））

Homemade equipments of Homemade equipments of high capacityhigh capacityLow investment costsLow investment costsHighly integratedHighly integratedShorter progressShorter progress(esterification up from 600 to (esterification up from 600 to 1,200 t/d, polycondensation 1,200 t/d, polycondensation up from 600 to 900 t/d)up from 600 to 900 t/d)

Technology ProgressTechnology Progress


14

Structural OptimizingStructural Optimizing

50-200kt

34.3%

200-

400kt

14.5%

≥400kt

26.4%＜50kt

24.8%

Optimized Industrial Capacity Structure

≥400kt

31.1%

200-

400kt

16.4%

50-200kt

33.4%

＜50kt

19.1%

2005 2009

Product Structure optimizing achieved great success

Differential rate of chemical fibers reached 42.7% in 2009, up by 11.7

percentage points from 2005. In 2010 the rate is expected to reach

46.5%.

The proportion of chemical fibers’ application in apparel, home textiles

and industrial fabrics changed to 50:28:22 from 54:27:19 in 2005

Breakthroughs had been made in R&D, engineering & industrialization

of high-tech chemical fibers including carbon fiber T300, aramid fiber

1313, PPS, UHMWPE and continuous basalt fiber, etc.

Structural OptimizingStructural Optimizing


15

New CapacitiesNew Capacities

Many new capacities to come on stream during 2011-2014

With a preliminary estimate, there will be around 2.6 million

tons of new chemical fiber capacities in 2010

There will be around 3-4 million tons of new capacities to

come on stream in 2011

There will be more than 3-4 million tons of capacity increase

each year on average during 2012-2014

The 12The 12thth FiveFive--Year Plan Year Plan ——Goals for Goals for Chemical Fiber IndustryChemical Fiber Industry

Goals and PlansGoals and Plans

1.Mid1.Mid--toto--long Term Targets in Generallong Term Targets in General

2.Targets in Detail2.Targets in Detail

———— Steady and sustainable development of the Steady and sustainable development of the

industryindustry

———— Structural optimization and coordinated Structural optimization and coordinated

development in East, Central and West Chinadevelopment in East, Central and West China

————Better utilization of resourcesBetter utilization of resources

———— Higher capability of innovationHigher capability of innovation


16

Major Goals for Chemical Fiber Industry during Major Goals for Chemical Fiber Industry during

the 12the 12thth FiveFive--Year Plan (preliminary version)Year Plan (preliminary version)

TargetedTargeted↓↓ 10%10%380538054227.34227.34136.34136.3Waste Gas EmissionWaste Gas Emission (NM(NM3)3)

TargetedTargeted↓↓ 10%10%93.493.4103.8103.8113.9113.9Waste WaterWaste Water Emission (COD, kt)Emission (COD, kt)

TargetedTargeted↓↓ 20%20%9.19.111.411.413.5613.56Water Consumption (T/T)Water Consumption (T/T)

TargetedTargeted↓↓20%20%413.4413.4516.8516.8580.7580.7Energy Consumption (TCE/T)Energy Consumption (TCE/T)

EstimatedEstimated4141：：3232：：27274747：：3030：：23235252：：2727：：2121Proportion of Three Major ApplicationsProportion of Three Major Applications

EstimatedEstimated25250,0000,00019190,0000,000160,000160,000Unit Output Value (yuan/person)Unit Output Value (yuan/person)

EstimatedEstimated60%60%46%46%39%39%Differential RateDifferential Rate

EstimatedEstimated79.5%79.5%35763576Proportion of Processed Chemical Fibers among Proportion of Processed Chemical Fibers among All the Processed FibersAll the Processed Fibers

EstimatedEstimated5.4%5.4%372637262867286723162316Consumption Volume of Chemical FibersConsumption Volume of Chemical Fibers

EstimatedEstimated8%8%230230163163171171Export Volume of Chemical FibersExport Volume of Chemical Fibers

EstimatedEstimated－－3%3%565680808282Import Volume of Chemical FibersImport Volume of Chemical Fibers

EstimatedEstimated6%6%390039002950295024052405Production of Chemical FibersProduction of Chemical Fibers

EstimatedEstimated4657465727122712Capacity of Chemical FibersCapacity of Chemical Fibers

RemarkRemarkAAGRAAGR201520152010201020082008

Major Tasks for Chemical Fiber Industry Major Tasks for Chemical Fiber Industry during the 12during the 12thth FiveFive--Year PlanYear Plan

1. 1. To promote the application of advanced new technologies in produTo promote the application of advanced new technologies in production. ction. To raise the proportion of functional and differentiated fibers,To raise the proportion of functional and differentiated fibers, and and promote the application of chemical fibers in industrial area.promote the application of chemical fibers in industrial area.

2. 2. To bring forward R&D of highTo bring forward R&D of high--tech fibers and industry integration, as tech fibers and industry integration, as well as expand the application territory.well as expand the application territory.

3.3. To accelerate R&D and promote application of biopolymer fibersTo accelerate R&D and promote application of biopolymer fibers and and biochemical feedstockbiochemical feedstock

4.4. To actively seek for opportunities in overseas marketTo actively seek for opportunities in overseas market

5.5. To accelerate localization of key processes and machineryTo accelerate localization of key processes and machinery

6.6. To strengthen efforts in energy saving and environment protectioTo strengthen efforts in energy saving and environment protectionn

7.7. To accelerate assets recombination and increase industry concentTo accelerate assets recombination and increase industry concentrationration

8.8. To improve standardization of the market including certificationTo improve standardization of the market including certification and and market access systems, and improve information service for the mmarket access systems, and improve information service for the market.arket.


17

Goals for HighGoals for High--tech Fibers during 12tech Fibers during 12thth FiveFive--Year PlanYear Plan

5000050000900090008000800010000100001000010000120001200015000015000020202020

15000150006000600040004000700070006000600080008000100001000020152015

20002000400040001000100030003000300030005000500070007000CompletedCompleted(est.)(est.)

IndustriIndustrializaalizationtion

25002500≥≥500500≥≥10001000≥≥30003000≥≥30003000≥≥60006000Goals Goals

In 2010In 2010

LyocellLyocellBasalt Basalt FiberFiber

AAramid ramid 14141414PPSPPSCarbonCarbon

FiberFiberUHMWPEUHMWPEAAramidramid13131313

t/yr

Guiding PoliciesGuiding Policies

1. To provide better political supports1. To provide better political supports

2. To encourage industry innovation and upgrading2. To encourage industry innovation and upgrading

3. To coordinate development of feedstock industry3. To coordinate development of feedstock industry

4. To maintain sound market environment for the industry4. To maintain sound market environment for the industry

5. To improve construction of standardization system5. To improve construction of standardization system

6. To improve information service6. To improve information service


18

Acrylic Fiber Acrylic Fiber —— DemandDemand

Acrylic Fiber Capacity and Demand in China during 2002-2017

Acrylic Fiber Acrylic Fiber ——Import Reduce, SelfImport Reduce, Self--supply Increasesupply Increase

25.735.337.4

42.345.845.946.5

33.728.1

14.617.99619.64

0

20

40

60

80

1999 2001 2003 2005 2007 2009

ImportVolume

61.7959.16

70.2574.04

81.7279.5

77

60.8357.92

58.4157.44

58.18

50

60

70

80

90

1999 2001 2003 2005 2007 2009

Self-supply (%)

Acrylic Fiber Import during 1999-2010 Self-supply Rate during 1999-2010


19

Acrylic Fiber Acrylic Fiber —— ConsumptionConsumption

Acrylic Fiber Consumption Structure inChina

70%

27%3%

Apparel

Decoration

Acrylic Fiber Consumption Structure inWorld

61%27%

12%

Apparel

Decoration

Industry and others

Acrylic Fiber Consumption Structure in China

(2009)

Acrylic Fiber Consumption Structure in the World

(2009)

Acrylic Fiber Acrylic Fiber ——TargetsTargets Set by the 12th FiveSet by the 12th Five --year Plan.year Plan.

To become a world acrylic fiber production base wit h global competitiveness

Targets in detail:

� To expand total capacity to 1,200kt/yr, with capaci ty utilization rate above 95%, and average capacity of producers a bove 70kt/yr

� To optimize the consumption structure, with proport ion of apparel, decoration and industrial items at 60: 30: 10.

� To limit processing costs to below 3500 yuan/ton, an d raise unit output value to above 1.08 million yuan per pe rson.

� To improve product quality and enhance environment protection, and encourage enterprises to meet the s tandards of ISO14001, ISO18001 and ISO19001.


20

Acrylic FiberAcrylic Fiber---- AdvicesAdvices

To be more self-dependent in feedstock supply and lower feedstock

costs by accelerating the development of acrylonitrile industry

To enhance basic R&D and expand application of acrylic fiber

To increase the concentration of the industry and forge 1-2 enterprises

with leading-edge competitiveness and independent intellectual properties.

To increase investment in R&D of differentiated fibers in order to meet

varied demands

To accelerate the progress of consumption structure adjustment and

raise the proportion of industry purpose consumption to above 10%.

To lower processing costs while improve product quality

To develop and adopt eco-friendly technologies, and abandon

backward processes and equipments

Thank You Thank You

Any Advice is WelcomeAny Advice is Welcome

？

12th five-year plan of china’s chemical fiber industry and ... · polyester price trend during...

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