According
to "World Fibre Report"
of YarnsandFibers, China was World's
top producer of manmade in 2004. It
produced 40% of all MMF but consumed
44% of World's production. Taiwan
was second largest producer. Asian
countries, together produced 63% of
MMF in 2004. Only 11 countries around
the World produced 87% and consumed
85% of MMF.
USA's
man-made fibre consumption declined
by 15% to 26,000 tons in October 2005.
Polyester, which accounts for nearly
90% of all MMFsaw its consumption
fall 22%. Amongst MMFs, only acrylic
fibre witnessed positive growth in
consumption during the month.
Price
movement in Asian market
(% chg Jan-Sep'05 / 04)
The
Asian acylic fibre chain market reflected
the riding crude values across the
world. During the period January to
September 05, while oil prices surged
40% and naphtha by 30% propylene prices
jumped 10%. In the meantime, prices
of acrylonitrile - input for acrylic
fibre - shot up by 28%. This resulted
in acrylic staple fibre becoming dearer
by almost 15%.
Price
movement in Asian market
(% chg Jan-Sep'05 / 04)
The
Asian nylon market rose sharply fuelled
by crude prices. During January to
September 05 period, oil prices surged
over 40% supporting naphtha to rise
nearly 30%. Downstream, both proplyene
and benzene values increased 14% and
10% respectively. Further, NFY prices
shot up 31% during the same period.
The sharp rise in NFY was also supported
by good demand.
Price
movement in Asian market
(% chg Jan-Sep'05 / 04)
The
Asian synthetic fibre market was
heated by the rise in crude oil
prices. During January to September
05 period, oil prices surged over
40% giving rise to naphtha values
which rose nearly 30%. Prices of
paraxylene shot up 17% and PTA by
10%. Thus, PSF and PFY were dearer
by almost 20%.
Polyester
filament yarn production in China
surged by 5% during Jan - June 2005
from its levels in the corresponding
period of 2004. Taiwan accounting
for 11%, saw output fall 21%. Korea
and India, too, saw output decline
by 25% and 4% respectively. Even Japanese
production fell 4%. These five countries
account for almost 80% of World's
PFY production.
