A significant 6 percent drop in chemical fiber imports has been predicted by the Chemical Fiber's Association of China.
Thus China's imports of chemical fiber will touch 1.4 million tons in 2006, due to growing domestic output.
Growth of China's chemical fiber industry has been forecast at 8 percent between 17.5 million and 17.6 million tons in 2006.
This rebound in the industry will be due to growing demand from China's textile industry, backed by oil prices goign stable worldwide and many new Chinese chemical fiber projects going onstream reasoned the association in the annual forecast.
It also provided forecast for China's chemical fiber industry in terms of sales revenue to touch 280 billion yuan (US $34.7 billion) in 2006, a year-on-year increase of 15 percent.
In addition, gross production value will near 285 billion yuan ($35.3 billion) mark, a good 15 percent over last year's level.
