In China, FDY70D/24F SD prices surged US cents 10 a kg in the first week of January while FDY40D soared US cents 10 a kg on the week. DTY 70D/24F prices were up US cents 11 a kg while 30D/10F rose US cents 14 a kg on the week.

Monofilament 30D prices were up US cents 7 a kg, while nylon staple fiber 1.5D prices were stable on the week.

Nylon filament yarn producers hiked offers further to relieve cost pressure as nylon chip and caprolactum prices picked up on the week. For demand, as it was opening of the New Year, converters adopted cautious attitude towards operation.

Warp knitting, weaving and AJ covering sectors witnessed smooth sales and operated at 80% capacity. Meanwhile, circular knitting mills and lacing mills trimmed operations to 40%.

In non-textile sectors, fishing net yarn, monofilament, staple fiber and cord fabric makers bought hand to mouth volume amid mute trading.

Courtesy: Weekly PriceWatch Report