In recent years, the shortage of petroleum resources and the continued rising oil consumption have exerted a significant impact on the chemical fiber industry. More than 90% of China＇s chemical fiber industry products are petroleum-based, raw material costs accounting for 80% of the cost of production, while the imports accounting for about 2/3 of total demand of chemical fiber raw materials. It tells us that the dependence on foreign trade has actually exceeded the security alert line for the steady development of the industry, bringing great investment risk and volatility for the healthy development of the whole industrial chain.
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