In China, FDY70D/24F SD prices were up US cents 7-10 a kg in the fourth week of November while FDY40D surged US cents 5 a kg on the week. DTY 70D/24F prices also jumped US cents 6-9 a kg while 30D/10F rose US cents 2-5 a kg on the week.
Monofilament 30D prices jumped US cents 3-8 a kg, while nylon staple fiber 1.5D prices climbed US cents 13 a kg during the week.
Nylon filament yarn prices soared on surge in raw material nylon chip and caprolactum cost which were eroding margins. Thus, makers hiked prices and were currently cutting operating rate to balanced supply/demand fundamentals.
Demand from warp?knitting, weaving and AJ covering sector witnessed was smooth while circular?knitting mills and lacing mills ran at 50%. Supply was trimmed rates to 71% with cautious sentiment. In the short run, producers may cut down production slightly.
In case of non?textile yarn sectors, cord fabric, fishing?net yarn and staple fibre makers will cut operating rate to 60?70% on existing losses.
Courtesy: Weekly PriceWatch Report
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