The strong rise of chemical fiber raw materials is unfavorable to the industry

According to news from the China Chemical Fiber Industry Association, the price of chemical fiber raw materials has risen rapidly again in the near future, and the price increase in the downstream has been difficult. The profitability of the entire industry chain is rapidly concentrating on the upstream. At present, the spot price of domestic PTA (pure terephthalic acid) rose from 9,170 yuan/ton in early December last year to the current 11,780 yuan/ton, or an increase of 28.46%. The association believes that the main reason for the rapid price increase of chemical fiber raw materials is the global excess liquidity, and large amounts of funds are flowing into the market. In addition, the domestic PTA** market is not yet mature, and market speculation and other speculative forces are relatively large, which has certain adverse effects on the operation of the chemical fiber industry.