In China, FDY70D/24F SD prices surged US cents 12 a kg in the last week of November while FDY40D rose US cents 12 a kg on the week. DTY 70D/24F prices jumped US cents 9 a kg while 30D/10F were up US cents 9-16 a kg on the week.
Monofilament 30D prices rose US cents 6 a kg, while nylon staple fiber 1.5D prices were up US cents 8 a kg on the week.
Nylon filament yarn makers hiked offers amid high cost pressure on the back of surging nylon chips. In nylon-6 FDY and POY markets sentiment was boosted amid firm raw materials and moderate demand from warp-knitting mills.
Nylon-6 DTY prices edged up on tolerable demand and firm raw materials. However, converters were cautious to follow up and resisted price uptick. Warp-knitting and Run rate at NFY producers was at 70% while downstream weaving sectors operated at 70-90% of full capacity.
Circular-knitting mills and lacing mills ran at 40-60% capacities. Overall, nylon yarn prices are expected to move up slightly on the back of rigid demand and controllable inventory.
Courtesy: Weekly PriceWatch Report
