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Huge potential for increase in nylon consumption: Experts

Leading Chinese and global companies say there is huge potential for increase in nylon consumption. Oversupply, demand, capacity, as well as future outlook and strategies were among the other points discussed at the forum.

Huang Wei from Fiber Raw Material Department of Sinopec Chemical Commercial Holding says there is a huge potential for nylon consumption and the markets may begin to shake off the burden of oversupply in 2019. Wei focused on caprolactam fundamental changes and market perspective and discussed carpolactam market outlook. He made these comments at the 14th China International Polyamide & Intermediates Forum. The Forum, supported by Nylon Committee of China Chemical Fiber Association (CCFA) and China National Chemical Fiber Corp., was organised by China Chemical & Fiber Economic Information Network (CCFEI) and Tecnon OrbiChem in Shanghai.

Song Manjun, of Fujian Shenyuan New Materials highlighted China's role in a changing world. He pointed out that China is achieving self-sufficiency in caprolactam with improving quality, and gaining strong influence in Asia and globally on pricing and trade flow. He also mentioned that global PA6 growth is mainly from fibre, while China dominates spin PA6 market, with more export of high quality. Though EP and film applications have quality gap, he said, more Chinese players are stepping in.