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According to "World Fibre Report" of YarnsandFibers, China was World's top producer of manmade in 2004. It produced 40% of all MMF but consumed 44% of World's production. Taiwan was second largest producer. Asian countries, together produced 63% of MMF in 2004. Only 11 countries around the World produced 87% and consumed 85% of MMF.

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USA's man-made fibre consumption declined by 15% to 26,000 tons in October 2005. Polyester, which accounts for nearly 90% of all MMFsaw its consumption fall 22%. Amongst MMFs, only acrylic fibre witnessed positive growth in consumption during the month.

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The Asian acylic fibre chain market reflected the riding crude values across the world. During the period January to September 05, while oil prices surged 40% and naphtha by 30% propylene prices jumped 10%. In the meantime, prices of acrylonitrile - input for acrylic fibre - shot up by 28%. This resulted in acrylic staple fibre becoming dearer by almost 15%.

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The Asian nylon market rose sharply fuelled by crude prices. During January to September 05 period, oil prices surged over 40% supporting naphtha to rise nearly 30%. Downstream, both proplyene and benzene values increased 14% and 10% respectively. Further, NFY prices shot up 31% during the same period. The sharp rise in NFY was also supported by good demand.

Polyester filament yarn production in China surged by 5% during Jan - June 2005 from its levels in the corresponding period of 2004. Taiwan accounting for 11%, saw output fall 21%. Korea and India, too, saw output decline by 25% and 4% respectively. Even Japanese production fell 4%. These five countries account for almost 80% of World's PFY production.