DUPONT WILL INCREASE PRICE OF NYLON YARN 5-7 PERCENT
NEW YORK — DuPont said Friday it is raising the price of its nylon yarns used in warp and circular knit applications by an average of 5 to 7 percent, effective with shipments of Feb. 25.
DuPont said price increases in cyclohexane and butadiene — the two key ingredients in nylon — necessitated the nylon price hike. The last general nylon price increase for those markets by DuPont was a 5 to 7 percent increase, effective Jan. 1, 1994.
In the wake of DuPont’s announcement, a spokesman for nylon producer BASF said the firm is “evaluating the situation and formulating a plan.”