In China, FDY70D/24F SD prices rose US cents 4-7 a kg in the last week of May, while FDY40D gained US cents 8 a kg on the week. Monofilament 30D prices firmed were flat while nylon staple fiber 1.5D prices were stable during the week.
Nylon filament yarn prices marched higher on high cost pressure as nylon chip and caprolactum markets picked up rapidly. Downstream, converters maintained stable operation with the off season drawing near. On the back of lean inventory, converter made bargain hunting activities on buy‐rise mentality. Warp‐knitting, weaving and AJ covering sectors operated at 70% while, circular‐knitting mills and lacing mills ran at 50%, implying modest demand for nylon yarn.
Fishing‐net yarn, monofilament, staple fiber and cord fabric makers made some procurement due to lean inventory. Going ahead, nylon yarn markets are expected to bounce back given moderate fundamentals.
Courtesy: Weekly PriceWatch Report
