Nylon yarn price sees upward trend in Asia

YarnsandFibers News Bureau 2016-11-29 05:03:04 –

In China, FDY70D/24F SD prices surged US cents 4-8 a kg in the third week of November while FDY40D were up US cents 5-9 a kg on the week. DTY 70D/24F prices also jumped US cents 5-11 a kg while 30D/10F rose US cents 4-7 a kg on the week.

Monofilament 30D prices inched up US cents 5 a kg, while nylon staple fiber 1.5D prices were up US cents 5-13 a kg on the week.

Nylon filament yarn prices soared on rising cost of caprolactum and nylon chip and in turn operations were in positive zone. Makers still intended to hike prices. Currently, they maintained stable operation on cautious sentiment.

Supply/demand fundamentals were balanced with some procurement seen from the downstream. Warp?knitting, weaving and AJ covering sector witnessed smooth sales and operated at 80% capacity while, circular?knitting and lacing mills ran at 60%. However, buyers were still cautious to follow up the surging nylon chip cost.

Courtesy: Weekly PriceWatch Report

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