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

Pic: Shutterstock

Textiles | On 20th Oct 2020

US, Brazil update agreement on trade, economic cooperation

The United States and Brazil yesterday signed a new protocol relating ...

Pic: Shutterstock

Textiles | On 20th Oct 2020

China building more competitive mulberry silk industry

China is striving to build a more competitive mulberry silk industry...

Pic: Shutterstock

Textiles | On 20th Oct 2020

CBN invests N120 bn to revive Nigeria's textile sector

The Central Bank of Nigeria (CBN) recently said it had invested over...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Estimate loss of $8-$10 billion in turnover

Anavila Misra, Anavila Collection

Anavila Misra
Anavila Collection

Fashion shows are also encouraging and highlighting sustainable fashion

Amit Jain, Shingora Textiles Ltd

Amit Jain
Shingora Textiles Ltd

‘In terms of fabric, the fastest growing category for us is a blend of...

Urmil Arya,

Urmil Arya

Sushila International, a well established textile organisation established ...

Francesco Gozio,

Francesco Gozio

Italian company Marzoli is a leading manufacturer of the complete line of...

Carmen Silla,

Carmen Silla

Leading the transformation of the textiles industry with disruptive...

Justin Chan & Shyam Gollakota, University of Washington

Justin Chan & Shyam Gollakota
University of Washington

A fabric that can store data without any electronics or batteries has been ...

Johan Berlin, Investkonsult Sweden AB

Johan Berlin
Investkonsult Sweden AB

Investkonsult Sweden AB are consultants in the nonwoven and absorbent...

Matthew Kolmes, Supreme Corporation

Matthew Kolmes
Supreme Corporation

Supreme Corporation manufactures innovative specialty yarns and safety...

Robert Brunner, Devereux

Robert Brunner
Devereux

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

Sweta Tantia, Tahweave & Garo

Sweta Tantia
Tahweave & Garo

Designer Sweta Tantia owns Garo, a couture indutva or ethnicwear brand,...

Sanjukta Dutta, Sanjukta's Studio

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

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 2020

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


Advanced Search