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Article: FIBER PRICING: A WEB OF CONCERN.
- Article from:
- WWD
- Article date:
- July 13, 2004
- Author:
CopyrightCOPYRIGHT 2004 Conde Nast Publications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Evan Clark
NEW YORK -- A confluence of factors -- from the elimination of the quota system on Jan. 1 to production overcapacity and rising raw material prices -- is creating volatility in the cost of producing fibers and pricing them.
In particular, rising oil prices in recent months have pinched the already tight margins of synthetic-fiber makers, prompting several companies to try to push through price increases. Most synthetic fibers, including polyester, nylon and spandex, are made from oil-derived chemicals.
Last week, nylon maker Honeywell increased the prices of its nylon textile products by 5 cents a pound because of the ...