Home / Knowledge / News / Textiles / Asian acrylonitrile producers at wits end
Asian acrylonitrile producers at wits end
21
Jul '09
According to reports, as a result of rising price of raw materials of propylene, profits of acrylonitrile industry has seen serious erosion and it is expected that acrylonitrile producers in Asia will further cut production.

Acrylonitrile producer Asahi Kasei Corporation in Japan and China Petrochemical Development Corporation (CPDC) in Taiwan say that high propylene price have squeezed out their profits.

With the result that, they have no other option, but to cut operation rates as prices of acrylonitrile have not been able to keep pace with the flare up in its feedstock raw material; Propylene.

Propylene price has risen to US $1000-1045 per ton (CFR Northeast Asia), up $150 per ton from the previous month. On the contrary, since early May, acrylonitrile price have increased to just $1150-1200 per ton (CFR) in the past two months.

Since then they had maintained stability and prices of acrylonitrile had marginally increased to $1180-1230 per ton (CFR Northeast Asia) in the previous week.

Asahi Kasei in Japan which has an acrylonitrile production line of 150,000 tons per year in Kawasaki and a plant of 300,000 tons per annum in Water Island has maintained an average operation rate at 85 percent.

CPDC which also has an acrylonitrile plant of 190,000 tons per year in Kaohsiung, Taiwan is also now running the plant at 95 percent of its production capacity.

Fibre2fashion News Desk - China

Must ReadView All

Courtesy: Ikea

Textiles | On 26th Apr 2017

Ikea’s product sourcing from India to double by 2020

Ikea, the global home furnishing giant from Sweden, plans to double...

Textiles | On 26th Apr 2017

CITA to add insufficiently available fabric in CAFTA-DR

The Committee for the Implementation of Textile Agreements (CITA) has ...

Courtesy: SKF

Textiles | On 26th Apr 2017

SKF brings predictive maintenance for machinery to India

SKF India, a global supplier of bearings, seals, mechatronics,...

Interviews View All

Yash Maniyar
Rekha Maniyar

Indian fashion market is growing at a staggering rate

Hannah Lane
Redress

Encouragement from brands will motivate supply chains to become more...

Ghanshyam Ghoghari
Kimora Fashion

Bridalwear is not about reds and whites anymore

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Steve Cole
Xerium Technologies

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

Eric Scholler
Groz-Beckert

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

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing 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

news category


Related Categories:
April 2017

April 2017

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

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search