Nylon filament yarn prices fell further in the third week of August with the easing of operating cost pressure due to lower caprolactum and nylon chips prices. Textile yarn makers continued to cut run rates on poor confidence. In late August, yarn may carry out production cutbacks given the demand off season for textiles amid lackluster economy situation.
In non-textile yarn sector, run rates were at around 60%. Limited order intakes amid dull season restrained demand for nylon yarn and in turn weighed down yarn prices. Demand for staple fiber was tolerable with high operating rates, while for fishing-net yarn, monofilament and cord fabric was moderate. It is expected that nylon yarn market will remain range bound in the coming weeks.
In China, semi-dull FDY70D/24F prices were down US cents 4-7 a kg while FDY40D fell rolled over on the week. Nylon DTY 70D/24F prices were declined US cents 3-7 a kg while DTY 30D/10F remained unchanged. Monofilament 30D was down US cents 7 a kg while staple fiber 1.5D was down US cents 4 a kg.
Courtesy: Weekly PriceWatch Report
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