In China, liquid spot was down US$30 a ton in the first week of May while solid goods offers fell US$95 a ton. Asian markers, the SE and FE markers fell US$30 a ton on the week.
Fibrant settled April at US$1,680 a ton, down US$15 from nomination for liquid goods. High-end good for May were yet to be released.
Caprolactum prices declined that week on soft demand and nominations were revised down, implying weak market conditions. In China, liquid goods offers were quoted down while discussions remained tepid. Mainstream prices for solid goods also declined sharply on the week.
East European and Japanese goods were cheaper than last week. In China, producers cut run rates, which may shrink supply in coming weeks amid slow demand.
Run rates of polymerization units were down and inventory level was up to 8 days’ worth. Yarn makers were running at modest rate with high inventory.
Courtesy: Weekly PriceWatch Report
In May 2020, nylon filament yarn prices were talked up amid climbing prices in the upstream CPL and nylon chip…
In May 2020, polyester filament yarn prices recovered in China supported by higher prices in the polyester staple fibre markets.
Viscose staple fibre prices in April were mostly down in the Asian markets of China, India, and Pakistan. In China,…
Feedstock, propylene prices in Asia fell in April amid historic lows in the crude oil and naphtha markets that month.…
Nylon or polyamide chip markets slumped in March amid weakening prices in the raw material CPL markets while downstream buying…
In March 2020, polyester staple fiber (PSF) prices declined month-on-month in China as demand was weak and supply was abundant.…