In China, FDY70D/24F SD prices jumped US cents 14 a kg in the second week of February, while FDY40D were up US cents 15 a kg on the week. DTY 70D/24F prices also surged US cents 13 a kg and 30D/10F were up US cents 7 a kg on the week.
Monofilament 30D prices were up US cents 7 a kg while nylon staple fiber 1.5D prices soared US cents 14 a kg on the week.
Nylon filament yarn producers hiked offers further to relieve cost pressure as prices of nylon chip and caprolactum picked up. Demand also picked up as converters resumed operations.
Currently, warp‐knitting, weaving and AJ covering sectors witnessed smooth sales and operated at 50% capacity while, circular‐knitting mills and lacing mills ran at 30% capacities, implying unfavorable demand for nylon yarn.
In non‐textile sectors, fishing‐net yarn, monofilament, staple fiber and cord fabric markets saw recovering demand.
Courtesy: Weekly PriceWatch Report
