28 December 2010 03:41 [Source: ICIS news]
By Junie Lin
SINGAPORE (ICIS)--China’s nylon demand is expected to grow at about the same pace as its economic expansion next year, boding well for Asian spot prices of semi-dull nylon 6 (or polyamide 6) chips, industry sources said.
Semi-dull nylon 6 chips surged by 20% from the start of the year to $3,100-$3,120/tonne (€2,356-2,371/tonne) CFR (cost & freight) ?xml:namespace>
Prices would continue to increase in 2011 as there was increasing preference for higher quality nylon fabrics among Chinese consumers, who were showing willingness to pay good money for the material, they said.
The anticipated anti-dumping duties that
Nylon consumption in
Over the next two to three years, nylon consumption in
However, demand for polyester, a cheaper alternative, has been outpacing the demand for nylon for more than a decade.
Polyester is half the cost of nylon, is becoming more versatile and is making gradual inroads into areas that were once dominated by nylon.
Nonetheless, players in the nylon industry said that nylon has niche applications in products such as coats, underwear, sportswear, ladies’ stockings, socks and gloves.
For example, denier nylon stockings have fine threads that ensure transparency, elasticity, comfort, airiness and smoothness, which polyester could not emulate.
“Weight for weight, measure for measure and for just plain functionality, nylon is better than polyester,” said an Asian producer.
Demand for synthetic textile substitutes had been strong since early this year because of a shortage of cotton, following floods in
So far this year,
($1 = €0.76)
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