Home / Knowledge / News / Textiles / Asian nylon chips producers may slice operating rates
Asian nylon chips producers may slice operating rates
01
Jul '10
As per informed sources, nylon chips manufacturers, pan-Asia, are likely to further drop their operating rates, amidst weak demand from the downstream nylon textiles industry and dipping values of feedstock caprolactum.

Sources also informed that, the nylon chip market trends was in a downward pace, as most spot buyers practiced a wait-and-watch stance. But, there were also those, who purchased nylon chips when bearish, but only of minimum volumes, so as to cover the immediate requirements.

More so, nylon chip sales have been extremely slow and industry experts are still unaware of the price that the downstream industry is expecting from the market.

Nylon is extensively utilised in the production of hosiery, knitted apparels, filaments, ropes, threads, tire cords and nets.

Between June 22 and 28, Nylon chip prices in China fell from RMB 22,850 per ton to 22,500 per ton, a drop of RMB 350 per ton. However the price has now stabilized since the last 2 days.

The feedstock caprolactum market, in China and Taiwan, continued its descending path, because traders closed their deals at rock-bottom prices, and values dived further to a three-month low.

Caprolactam prices in China were assessed at RMB 19,500 per ton on June 30 compared with RMB 19,900 prevailing on June 22.

Since two weeks, bad sales figures have pushed Taiwan-based, Li Peng Enterprise Company, a major nylon chips manufacturer of the region to slice production at its 1,000 tons a day plant to less than 40 percent.

Another company opting for shutting down is Zig Sheng Industrial Company, which was intending to shut its 150,000 ton a year facility at Taiwan for maintenance, early July, if reduced demand situation continues further.

Further more, owing to provincial government duty imposition on production, production of nylon has also been affected in East-China's key textile production province of Zhejiang from July 1 – September 13, when production plants are likely to come to a halt.

As per Zhejiang's Economic and Information Technology, the restrictions imposed are aimed at reducing carbon emissions and commercial usage of power, during peak summer time.

But a Taiwanese caprolactum manufacturer, who supplied feedstock to plants located in the affected area, mentioned that, the subject of cut-down will play an adverse impact of about 20 percent on production.

However, plants based in Northern China and Guangdong have welcomed the new, as this means filling up of their order books, which in turn means more business for them.

Fibre2Fashion News Desk - India


Must ReadView All

Chinese firm sets up textile-garment chain in Vietnam

Apparel/Garments | On 13th Dec 2017

Chinese firm sets up textile-garment chain in Vietnam

Worldon Vietnam Co. Ltd under the Chinese Shenzhou Group is likely to ...

Courtesy: SATO Global Solutions

Information Technology | On 13th Dec 2017

Sensor networks improve inventory management

Sensor networks like radio frequency identification (RFID) and smart...

CMAI hails review of FTP as 'progressive package'

Apparel/Garments | On 13th Dec 2017

CMAI hails review of FTP as 'progressive package'

The Clothing Manufacturers' Association of India (CMAI) has hailed...

Interviews View All

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

'The blend of cotton–linen yarn has high demand in the domestic and...

Smarth Bansal
Colorjet India Limited

We would like to venture more companies into the Indian market

Anvita Mehra
Confidential Couture

‘It is going to take some time for Indian buyers to get accustomed to...

Anupam Arya

<div>Jaipur-based Fabriclore Retailing Pvt. Ltd. is attempting to revive...

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Sugandha Bhardwaj

<div>New Delhi-based Brinjal Designs Pvt Ltd manufactures home furnishing...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Johan Berlin
InvestKonsult Sweden AB

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

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Wendell Rodricks
Wendell Rodricks

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

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

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

December 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.6%
No
12.0%
Skip
18.5%

Total Votes: 92

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
62.0%
No
30.4%
Skip
7.6%

Total Votes: 92

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.0%
No
9.8%
Skip
3.3%

Total Votes: 92

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
81.5%
No
8.7%
Skip
9.8%

Total Votes: 92


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