In China, semi-dull FDY70D/24F prices surged US cents 6 a kg in the third week of March while FDY40D were flat during the week.
Nylon DTY 70D/24F prices rolled over while 30D/10F prices were stable on the week.
Monofilament 30D prices inched up US cents 5 a kg while 1.5D staple fiber was up US cents 9 a kg on the week.
Despite firming up of caprolactum and nylon chip cost, the rise nylon filament yarn prices were restrained by previously built inventory. Nylon yarn makers had ramped up operating rate, with expectation of higher run rates.
Meanwhile, cord fabric makers struggled to make two ends meet. As a result, run rate is expected to be capped at low level. Downstream makers resume normal operation with circular-knitting mills, weaving mills and covering mills operating at modest capacities.
On the back of mildly increased demand, the market will welcome the replenishment season. Demand for staple fiber, fishing-net yarn, monofilament and cord fabric will improve with a cautiously upbeat outlook.
It is expected that nylon yarn will make supplementary hike since raw materials hover on high positions.
Courtesy: Weekly PriceWatch Report
