Home / Knowledge / News / Textiles / Quake impact - Taiwanese look for other caprolactam sources
Quake impact - Taiwanese look for other caprolactam sources
22
Mar '11
Japan's devastating earthquake has affected its caprolactam spot trade with Taiwan badly, creating a panic situation. Traders of Taiwan have started buying caprolactam spot from others countries instead of Japan.

Because of Japan's situation, there is also big gap between demand and supply, resulting in a price rise too. In Asia, caprolactam spot prices of February contracts were US $3,530-3,560 / ton CFR China last week, much higher compared to its previous week.

Taiwan's traders have bought shipments of caprolactam spot equivalent to a month's exports of caprolactam spot from Japan, in just last three days.

Taiwan's traders have bought more than 10,000 tons of caprolactam spot, at US $3,570-3,600/ ton CFR Taiwan in last three days for shipment in April / May from Eastern Europe, Belarus, Russia and Ukraine.

In addition to that, some deep sea goods for China have been diverted to Taiwan too.

At present, downstream nylon manufacturers in Taiwan are not showing much interest in buying caprolactam spot from Japan. They are scared of short supply of April contracts from Japan after the devastating earthquake.

Of Japan's total caprolactam production, the big four players are Ube Industries, Sumitomo Chemical, Toray, and Mitsubishi Chemical Corporation (MCC) with combined production capacity of 525,000 tons / year.

In Japan, its three caprolactam plants have already announced reduction in production for their maintenance. It will reduce their caprolactam output by 50 percent in the short term. So traders in Taiwan have started weighing other options.

Taiwan's nylon manufacturers import nearly140,000-150,000 tons of caprolactam from Japan, each year. But under the circumstances, it is expected to decrease drastically.

Fibre2fashion News Desk


Must ReadView All

Textiles | On 22nd Jul 2017

Govt constitutes GST Feedback and Action Room

The Government of India has constituted a Feedback and Action Room...

Textiles | On 22nd Jul 2017

India’s cotton textile exports fell in FY17: Tamta

The overall export of cotton textiles from India declined in 2016-17...

Textiles | On 22nd Jul 2017

Stella McCartney, Bolt Threads partner for eco fashion

Fashion designer Stella McCartney has partnered with Bolt Threads for ...

Interviews View All

Amardeep Singh
Orient Craft

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

Amrit Sethia
SOIE

‘The intimatewear category in India is slowly becoming trend-sensitive.’

Spokesperson
Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Mark Paterson
Technical Absorbents Ltd

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

Eamonn Tighe
Nature Works LLC

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

Steve Cole
Xerium Technologies

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

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

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

July 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

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

Yes No

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

Yes No

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


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



X