Nylon yarn price softens amid weak demand

In China, semi-dull FDY70D/24F prices rolled over in the third week of October while FDY40D were down US cents 3 a kg on the lower end.

Nylon DTY 70D/24F prices were down US cents 3 a kg on the upper end.

DTY 30D/10F were also down US cents 7 a kg on the upper end.

Monofilament 30D was stable and 1.5D staple fiber was at 15.50-16.00 Yuan a kg (US$2.44-2.52 a kg).

Nylon yarn makers continued to suffer depleted margins on rebounding raw materials and flagging demand.

Producers were contemplating production cutback on poor confidence and deteriorating margins.

Nylon filament yarn prices were expected to firm on existing losses but moreover, they were range bound to softening.

Order intake was still limited and poor buying power restrained prices going higher on cautious sentiment.

Nylon POY markets were steady but hard to rise amid poor downstream performance.

Nylon FDY prices met with resistance to climb amid modest downstream demand.

Nylon DTY market remained flat amid tepid demand from downstream mills.

Firming cost will keep nylon yarn markets firm in coming week.