TAIPAI: Taiwan's man-made fiber sector has experienced a weakness in output across all products. Monthly output has now fallen fourteen consecutive months. August output, highest output since March, totaled 257,522 tons represented a 12.1 percent year-on-year decline. January through August cumulative MMF output reached 1,919,534 tons, which reflected a 16.1 percent year-on-year decline.
In the polyester filament sector, output has fallen for 17 consecutive months. August output of polyester filament reached 69,556 tons, which reflected a 16.4 percent year-on-year decline. January through August cumulative filament production totaled 533,094 tons, which reflected a 20.2 percent year-on-year decline; this weakness followed a 2.4 percent decline in 2004.
In August, polyester filament fabric production totaled 106,964 tons; this reflected a 13.9 percent year-on-year decline. January through August cumulative fabric output reached 829,256 tons; this reflected a 17.4 percent year-on-year decline.
Taiwan is one of the top MMF producers in the world outside of Mainland China. The sector depends heavily on Chinese demand.
Outside of China, a glut of overcapacity is keeping the price below the cost of production. The raw materials used to produce man-made fibers have risen significantly in 2005 -- naphtha prices are up 28 to 30 percent, PTA is up 10 to 12 percent and paraxylene is up 15 to 17 percent.
|Taiwan: Textile, MMF, Yarn, Fabric and Apparel Output|
|January - August|