Home / Knowledge / News / Textiles / Taiwan's petrochemical production dips on falling prices
Taiwan's petrochemical production dips on falling prices
25
May '13
The value of petrochemical products produced in Taiwan fell to NT$ 457.8 billion (US$ 15.28 billion) in January-March 2013, showing a decline of 8.1 percent year-on-year compared to production worth NT$ 498.31 billion achieved in same period of last year, according to a Government report.
 
The Industry and Technology Intelligence Services (ITIS), a research institute under the Ministry of Economic Affairs, attributed the decline to falling prices of petrochemical products on weaker global demand.
 
Though prices of petrochemical products increased at the beginning of the quarter, they decreased during the later part of the quarter. The prices of ethylene dipped 5.5 percent month-on-month to around US$ 1,360/ton in March 2013, the ITIS report said.
 
However, Taiwan’s first quarter petrochemical output was 3.5 percent higher than the production worth NT$ 442.36 billion registered in the fourth quarter of 2012, the report added.
 
In the second half of 2013, CPC Corp., Taiwan would be adding additional capacity at its naphtha cracking facilities, which is expected to boost the country’s total petrochemical output in 2013.
 
 

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 20th Jan 2017

TEA expects budget to upscale textile skill industry

The Tiruppur Exporters’ Association (TEA) has requested the Central...

Textiles | On 20th Jan 2017

Bangladesh could earn $60 billion in exports by 2021

Bangladesh is expected to earn over $60 billion in exports by the...

Courtesy: PIB

Textiles | On 20th Jan 2017

Govt to help Tangaliya weavers purchase looms: Irani

Government of India will facilitate Tangaliya weavers in purchase of...

Interviews View All

Amardeep Singh
Orient Craft

'In export markets, the trend in terms of embroidery, is towards matte...

Awen Delaval
Samatoa

'Natural fibres are appreciated for traditional authenticity'

Sachin Sharma
Gem Enviro Management Pvt Ltd

There are no significant differences between virgin yarn and PET recycled...

Suresh Patel
Sidwin Fabric

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

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

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
January 2017

January 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search