The reason for this is the following：
From the demand side, the output of China and the global textile industry will continue to consolidate and restore the growth momentum. China's textile and garment exports will continue to increase, and the domestic consumer market will continue to climb upward. In this context, the chemical fiber industry is expected to develop rapidly.
Judging from the newly added production capacity of the industry, the contradiction of production capacity will appear in stages in 20021year, when the polyester and polyester production capacity of the chemical fiber industry will be put into production. It will take some time to test whether the growth of demand can effectively absorb the growth of production capacity. The leading chemical fiber enterprises have more new production capacity, which further increases the scale cost advantage of leading enterprises.
In the long run, the focus of the industry is "innovation, safety and environmental protection". In the field of environmental protection, China has put forward the goal of "carbon emissions should reach the peak by 2030 and strive to achieve carbon neutrality by 2060", which will continue to promote and accelerate the green transformation and upgrading of the chemical fiber industry.
Hengyi Petrochemical Co., Ltd. is the world's leading PTA and polyester fiber manufacturer. Hengyi Petrochemical's main business is research and development, production and sales of various chemicals, oil products and chemical fiber products. The company's main products include gasoline, PTA, POY and DTY. Company products are widely used to meet the rigid needs of the national economy and people's livelihood.