International crude oil prices on the seesaw effect of textile materials - Newcentury International Industry Co.,Ltd.

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Newcentury International Industry Co.,Ltd. [China (Mainland)]

Business Type:Manufacturer, Trading Company, Agent
City: Ningbo
Province/State: Zhejiang
Country/Region: China (Mainland)

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International crude oil prices on the seesaw effect of textile materials

Oil derivatives as raw materials of chemical fiber industry. Their competitive advantage is in price and popularity with the above. Raw materials as a result of the last stage of the high price of oil has led to the lower reaches of the textile fiber industry profit margins to narrow, even to the severe decline in effectiveness of the adverse situation.

Chemical fiber enterprises are facing increasing cost pressures. Market, many small businesses face cards, and even a collapse of production

At the same time, the market supply and demand in recent years is not optimism. In addition, Europe and the United States on China's garment export restrictions. A result, the profits of the chemical fiber industry has been greatly decompression.

However, the increase in oil prices has raised expectations that the natural fiber as raw materials of a new awareness of textiles. More natural, more environmentally-friendly concept will be popular to some extent, significantly suppressed the survival of the textile fiber.

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