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Industry News | Time: May 25 2017 11:18AM
[11th China Hangzhou Cellulose Fiber (Viscose) Industry Forum]Cellulose fiber operation under new financial environment
 
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Ding Jinqi, Information Manager of CCFGroup, delivers his speech of Cellulose fiber operation under new financial environment


Mr. Ding’s core point of view is: macro side has a larger influence on the cellulose fiber industry itself than the industrial factors. In medium-to-short run, the industrial chain may still be led by the macro environment changes. Overall growth rate slows down, and structural increasing opportunities regain the dominance of industrial development——cellulose fiber still deserves the highest attention.

Firstly, he made review of cellulose fiber industrial chain in the past 2 years. Capacity growth of cellulose fiber industry was slower than the average level of chemical fiber industry. Capacity utilization rate was obviously higher than the average level of chemical fiber industry, and profit margin of cellulose fiber industry was much higher than the average level of chemical fiber industry.

Secondly, he stated comparison of industrial chain operation and financial environment. He compared VSF and other chemical fibers price trends and expressed that the liquidity drives index changes of different industries.

Thirdly, he delivered market forecast for upcoming 1-3 years. The decline of viscose fiber in domestic demand is irreversible, while global demand for viscose fiber is expected to keep growing. The operation rate may not decrease in harmony, which will accompany with competition and falling profits.









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