Home / Knowledge / News / Textiles / Chemical fiber industry portrays a bleak future
Chemical fiber industry portrays a bleak future
28
Apr '08
After experiencing a steep price rise in 2007, the chemical fiber industry no longer enjoys a bright prospect in the present session, as prices of major chemical fiber varieties saw a sharp fall. VSF price dropped nearly to 18,000 yuan from its original cost.

Market insiders expect that under the backdrop of reduced orders from domestic textile processing industry, chemical fiber sector will see further decline in its prices.

Since 2008 starting, due to the impact of accelerated expansion of production capacity and slow demand from downstream sector, prices of chemical fiber products, especially viscose and spandex have shown weakness. Although, product inventories have increased, profits have kept falling.

Relevant products of viscose and spandex indicate clear decline from high points; by the end of March, VSF price fell below an important support juncture of 20,000 yuan per ton and viscose filament market condition is not optimistic either. Prices of spandex products mark a significant decreasing trend.

Statistics show that at present viscose filament price has been stabilized at the level of 34,000 yuan per ton for more than six months. VSF price reached the mark of 22,200 yuan per ton by the end of October 2007, and then started to decline slowly at a pace of 100-200 yuan per week; it has recently fallen below 20,000 yuan per ton. Now, when the present cost price has touched 18,000 yuan per ton, the market is engulfed with a panic psychology.

Price of spandex 40D started to plunge since it reached 95,000 yuan per ton by March end 2007, and by end of the year, it fell to 70,000 yuan per ton. In the present year as well, spandex price continued its downtrend and dropped to 62,000 yuan per ton by the end of February.

The industry experts believe that the future of spandex is at risks and prices of these products will further see a plunge.

Fibre2fashion News Desk - China

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

Vasanth Kumar
Max Fashion India

‘Traditional high-street retailers are now willing to offer franchisees to ...

Mukesh Agarwal & Rajesh Agarwal
Madhuram Fincap Pvt Ltd

Increasing prices and lack of demand main issues facing industry

Riddhika Shah
SS Homme

'Worsted wool is the ideal fabric for menswear'

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

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