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Major events of China cellulose fiber industry in 2022
2022 is another year that refreshed historical records. The surging energy prices caused by the Russia-Ukraine War, the global interest rate hikes and inflation, the transition of China's epidemic prevention and control policy are all affecting people’s life. The textile and apparel industry is difficult to move forward, and the cellulose fiber industry chain is generally under pressure.
| Month |
Event |
Key word |
| Jan |
Sateri (Liyang) officially started production on its third nonwovens plant with annual capacity of 49kt |
Sateri, nonwovens |
| Yibin Grace successfully used 100% circulose recycling pulp to achieve large-scale production of cellulose filament yarn |
Yibin Grace, VFY, environmental-friendly, regenerated |
| Feb |
Tangshan Sanyou's Tangcell? entered Xiaoshan textile industry cluster in Hangzhou |
Sanyou, environmental-friendly, regenerated |
| Mar |
Lenzing Group successfully opened the world's largest lyocell plant in Thailand |
Lenzing, lyocell |
| The United Nations reached a resolution of ending plastic pollution |
Environmental-friendly |
| Apr |
The Guidance Opinions of Ministry of Industry and Information Technology and National Development and Reform Commission on the high-quality development of chemical fiber industry |
Cellulose fiber |
| The flood in South Africa led to production cut of local dissolving pulp mill |
Dissolving pulp |
| May |
Yibin Grace released the first carbon footprint evaluation of rayon yarn |
Yibin Grace, environmental-friendly, rayon yarn |
| Zhongtai Henghui's 140kt/yr bio-based green degradable material intelligent manufacturing project (phase I) was put into operation |
Zhongtai Henghui, nonwovens |
| Sateri's nonwovens project officially settled in Shizishan High-Tech Industrial Development Zone |
Sateri, nonwovens |
| Chilean pulp mill caught fire and was shut for maintenance |
Dissolving pulp |
| The monthly rayon yarn export hit second highest level in the history |
Rayon yarn, export |
| Jun |
Lyocell soared by 2,000yuan/mt when cotton plummeted, and cotton/lyocell products became popular |
Lyocell, cotton |
| The 500kt/yr LCD pulp mill started to supply dissolving pulp to China |
Dissolving pulp, Lenzing |
| Jul |
VFY price rose to the peak of ten years ago, and inventory dropped to a similar low level at that time |
VFY |
| Aug |
Zhongtai entered the top 500 in the world, and the group celebrated the 50th anniversary |
Zhongtai |
| Sep |
China Hangzhou Cellulose Fiber (Viscose) Industry Forum |
Cellulose fiber |
| The 2nd Lyocell Industry Forum |
Lyocell |
| The operating rate of VSF industry dropped to a 10-year low of 51% |
VSF |
| Oct |
Sateri (Changzhou)'s lyocell plant was officially put into operation |
Sateri, lyocell |
In terms of industry development, the companies both at home and abroad are still working hard to enrich and enhance their product categories and images, including collaboration with upstream and downstream companies, and investment in environmental protection. About the market, dissolving pulp price had been pushed up by several accidents in the supply side, as well as the soaring energy price and increasing downstream demand from overseas market. Lyocell also benefited from the price gap of 8,000yuan/mt with cotton. However, there was a sudden turn for the worse in the second half of the year. The demand was hard to improve in spite of continued falling prices of most products. It was not until the end of year when China’s epidemic control policy changed that market participants had retrieved some expectations and confidence. However, the new wave of COVID-19 infections caused downstream plants to take a holiday ahead of time.
2023 is another complex and unpredictable year when there are expectations of post-pandemic recovery in China, but worries over economic recession outside China.
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