Home / Knowledge / News / Textiles / Chinese CPL downstream sector in panic

Chinese CPL downstream sector in panic

23
Apr '12
A wave of panic has set in the downstream caprolactam (CPL) Chinese textile industry following reports that CPL was imported in large volumes in March 2012.

According to reports, CPL users in the downstream Chinese textile industry imported 84,000 tons of caprolactam in March at an average price of US $2,801 / ton.

This has affected the sentiment of other CPL buyers, due to which they have reduced procurement and become more cautious.

Sinopec too has twice reduced its CPL listing price of caprolactam in April. Its current CPL listing price is 21,300 Yuan / ton.

According to experts, there are a various reasons which will put pressure on CPL prices in the short-term.

A few of them being, lack of confidence amongst market participants, a weak domestic spot market and a strong wait-and-see attitude amongst buyers.

Currently mainstream CPL prices have declined in the range of 21,000-21,200 Yuan / ton. Overall CPL market will decline further, as downstream demand gradually becomes weak.

Nylon slice market also declined following the trend set by CPL. In April alone, nylon slice prices have dipped from 23,900 Yuan / ton to 22,300 Yuan / ton.

The immediate impact has fallen on operating rates of many nylon slice production plants.

According to reports, a few plants have shut down some production lines beginning from April, due to the influence of market demand and raw materials.

One nylon slice producer in Taiwan said it would reduce operational rate by 10-20 percent, if demand continues to be weak.

Nylon slice factories in China mainland have already reduced rates from 80 percent at the beginning of April to around 70 percent, but stocks still continue to increase.

Fibre2fashion News Desk - China


Must ReadView All

Pic: Shutterstock

Textiles | On 26th Jul 2021

Vietnam opens new rail freight link to Belgium on China-Europe line

Vietnam Railways (VNR) has added a new rail freight link from Vietnam ...

Pic: Shutterstock

Textiles | On 26th Jul 2021

UK launches consultation on scheme for trade with developing nations

The United Kingdom recently launched a consultation on new trading...

Pic: Shutterstock

Textiles | On 26th Jul 2021

Prime Content| Rising demand to positively impact Australian wool exports: TexPro

Australian wool exports are expected to grow in the current season...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Fabric selection & recommendation based on client's brief

Textile Industry, Head honchos

Textile Industry
Head honchos

There was a certain switch, but it was not 100% pandemic related

Textile Industry, Head honchos

Textile Industry
Head honchos

Strongly believe in 'people first' policy.

Dhruv Toshniwal & Udit Toshniwal,

Dhruv Toshniwal & Udit Toshniwal

Launched a year ago, Fashions Pvt Limited conceptualises and sees D2C...

Emmi Berlin,

Emmi Berlin

With the support of the first investors - Finland's Technical Research...

Akram Tariq Khan,

Akram Tariq Khan

E-commerce brand YourLibaas meaning "garment or attire" in Udru, was...

Seth Casden, Hologenix

Seth Casden
Hologenix

Hologenix is a material sciences company dedicated to developing products...

Suresh Patel, Non Woven Federation of India

Suresh Patel
Non Woven Federation of India

The Non Woven Federation of India (NWFI), representing the regional...

Tiasha Renganathan, Twinery Innovations by MAS

Tiasha Renganathan
Twinery Innovations by MAS

Twinery-Innovations by MAS is the innovation arm of Sri Lankan company MAS ...

Suman Nathwani, Suman Nathwani

Suman Nathwani
Suman Nathwani

Designer <b>Suman Nathwani</b> talks about her journey of opening a...

Ramya Rao & Kavea R Chavali, Kalaneca

Ramya Rao & Kavea R Chavali
Kalaneca

<div>The journey of Kalaneca (kala-Art, Neca- Nikaah) formally began in...

Anjali Bhaskar, Samatvam

Anjali Bhaskar
Samatvam

Samatvam, a womenswear brand that blends age-old craftsmanship with modern ...

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

Leave your Comments


July 2021

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


Advanced Search