Home / Knowledge / News / Textiles / Output of Caprolactam falls sharply in November

Output of Caprolactam falls sharply in November

01
Jan '09
2008 began with a sharp rise in crude oil prices resulting in an increase in prices of its derivatives like petrochemicals etc. During the first few months of the year, a downtrend in consumption of petrochemicals was also witnessed leading to major petrochemical plants announcing part closures of different products.

But since the unfolding of the economic crisis in the third quarter of 2007, the slowdown has increased to levels never seen before as consumer spending dropped leading to a fall in demand from downstream industries. Output of major petrochemical raw materials like ethylene and caprolactam was affected the most.

China which is one of the world's largest petrochemical manufacturer and consumer, witnessed output of caprolactam falling by 55 percent in November when compared with the same period of 2007, according to a news letter of the state owned refining and petrochemical major Sinopec Corp.

The company has citied a slowdown in demand from downstream Nylon chips manufacturing capacities in China and Taiwan which has created a situation of oversupply in the previous months leading to cut in production of the key feedstock material of nylon chips.

Fibre2fashion News Desk - India


Interviews View All

Pinkesh Jain, Everflow Petrofils Ltd

Pinkesh Jain
Everflow Petrofils Ltd

‘An innovative technology which India needs desperately is the...

Asim Dalal, Indo Count Retail Ventures

Asim Dalal
Indo Count Retail Ventures

Today, there is no other emerging market as India, "we make in India and...

Riddhika Shah, SS Homme

Riddhika Shah
SS Homme

'Worsted wool is the ideal fabric for menswear'

Kalai Selvi,

Kalai Selvi

Vidyashilp Academy in Bengaluru is the country's first Fairtrade School....

Paolo Toricella,

Paolo Toricella

Electronics for Imaging (EFI) is a global technology company, based in...

Lukas Hartmann,

Lukas Hartmann

Intex Consulting GmbH is a completely integrated enterprise resource...

Steve McCullough & Marco Weichert, Functional Fabric Fair & Design and Development GmbH Textile Consult respectively

Steve McCullough & Marco Weichert
Functional Fabric Fair & Design and Development GmbH Textile Consult respectively

Functional Fabric Fair is a trade-exclusive event showcasing the latest...

Johan Berlin, InvestKonsult Sweden AB

Johan Berlin
InvestKonsult Sweden AB

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

Daniel Kaye, RocketLife

Daniel Kaye
RocketLife

<div>RocketLife, an award-winning developer of breakthrough visual...

Sonam & Paras Modi, SVA

Sonam & Paras Modi
SVA

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

Robert Brunner, Devereux

Robert Brunner
Devereux

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

Aditi Somani, Aditi Somani

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts 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

Leave your Comments


October 2019

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

news category


Related Categories:

Follow us on instagram

Follow

Follow Fibre2Fashion On


Advanced Search