Synthetic Fiber Cut Production Capacity, Clothing Raw Material Prices Rise

Synthetic resins from Asia Synthetic fiber The prices of raw materials are rising. The price of phenol and acrylonitrile increased by about 10% compared with June. Since prices of many varieties have been declining since spring this year, large chemical companies have successively chosen to cut production. Since the late July, supply and demand have tightened, resulting in a rebound in prices.

Phenol is the raw material for the production of polycarbonate resin. The spot price in the Asian market is about $1450 per ton, up 13% compared with the recent lowest price in late June. In July, the world's second largest Mitsui chemical company began to curb the operating rate of factories in Japan and Singapore as the main production base, and the production rate reached about 35% of the total capacity.

ABS as a large number of household appliances resin The price of acrylonitrile is about $1900 a tonne, which is about 12% higher than the lowest price in June ($1700 / ton). Asahi group has decided to cut its capacity by 30%. Since June, two factories in Japan have begun to cut production, and factories in South Korea began to cut production in July. And Showa electrician has also cut production capacity by 15%.

Act as shirt The price of parylene has also risen with raw materials such as polyester fibers used in garments. The spot price is about US $1450 per ton, which is 12% to 16% higher than that in late June. Asia's largest manufacturer, JX day mine, Japan's Stone Island energy company's B plant, which stopped production in late July, has produced results.