In China, semi-dull FDY70D/24F prices were up US cent 1 a kg in the second week of August while FDY40D were stable on the week. Nylon DTY 70D/24F prices were up US cents 5 a kg on the week while 30D/10F were flat on the week. Nylon staple fiber 1.5D prices rose US cents 4 a kg while monofilament 30D prices rolled over during the week.
Nylon filament yarn prices trended upward to take respite from operational pressure on the back of rising raw material cost. In China, nylon yarn cut operating rate to 60% amid cautious sentiment and facing negative margins.
During the G20 Summit, heavy production cuts will be undertaken by Xiaoshan-based mills. Demand wise, warp‐knitting, weaving and AJ covering sector witnessed smooth liquidity, while circular‐knitting mills and lacing mills ran at low rate.
In September, market sentiment may turn cautiously upbeat after the seasonal ebb. Overall, nylon yarn prices will edge up on high cost support.
Courtesy: Weekly PriceWatch Report
