Home / Knowledge / News / Textiles / Chinese CPL price falls on sluggish demand
Chinese CPL price falls on sluggish demand
14
Nov '11
The price of caprolactam (CPL), a widely used chemical intermediate for producing Nylon 6 fibres, has fallen in China owing to the impact of sluggish demand from downstream sector.

The price of CPL has declined from 27,600 yuan/ton at the beginning of October to 25,700 yuan/ton by the end of the month.

Major domestic manufacturers in China have also lowered their settlement prices during the month. For example, Sinopec cut down its CPL settlement price in October to the implementation level of 27,000 yuan/ton, about 1700-1800 yuan/ton lower than the settlement price in September.

Meanwhile, the Ministry of Commerce has asked import operators to pay corresponding anti-dumping duties to China Customs in accordance with China's final decision on dumping margin for each company, when they import CPL originating in the EU and US from October 22 onwards. The anti-dumping duty on CPL has been imposed for a period of five years. This means that domestic nylon yarn manufacturers, who rely on imported raw materials, have to increase production costs.

Moreover, the European debt crisis has dragged down the investor's confidence and has led to weakening of demand. The domestic enterprises are also facing monetary tightening at present and the textile industry is facing difficulty in cash flow.

The decline in CPL market has also led to a dip in the price of nylon chips. The price of high-speed spinning chips has declined from 30,100 yuan/ton at the beginning of October to 28,100 yuan/ton at the end of the month, down 7 percent. The decrease in price and profits has forced some manufacturers to cut production.

Fibre2fashion News Desk - China


Must ReadView All

Courtesy: Hela Clothing

Apparel/Garments | On 18th Jun 2018

Hela's latest label revolves around underwear, sleepwear

The latest collection of Sri Lanka’s Hela Clothing is revolves mostly ...

Digital textile printing sector to grow by 20% by 2020

Textiles | On 18th Jun 2018

Digital textile printing sector to grow by 20% by 2020

The digital textile printing sector is expected to have a compound...

Rwanda to pay tax of exporters affected by AGOA suspension

Apparel/Garments | On 18th Jun 2018

Rwanda to pay tax of exporters affected by AGOA suspension

Rwanda will take over the tax obligations of its apparel exporters to ...

Interviews View All

Rashi Menda
Zapyle

Every fifth sale we make on Zapyle is a repeat purchase

Spokesperson
Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Janak Dhamanwala & Sunil Dhamanwala
Jansun

Moving towards sustainability is also a social change

Mala Alwani

<div>Delhi-based fast fashion womenswear brand, Besiva, aims to bridge the ...

Paolo Crespi

For.Tex is an Italy-based leading producer of dyes and thickeners, and is...

John Kelley

Textile Events is one of the largest textile fair in the United Kingdom,...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


June 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search