In China, bright conventional spinning nylon-6 prices surged US$45 a ton in the fourth week of May while semi-dull high-speed spinning chip were up US$45-60 a kg on the week.
Nylon chip markets fluctuated upward on back of recovering caprolactum prices and flat to down crude oil and benzene cost. Although caprolactum markets lost steam late in the week nylon chip markets saw cautiously upbeat picture ahead. Demand was modest as converters kept stable operation, leading to rigid demand for nylon chip.
Non‐textile yarn sectors, cord fabric makers enjoy decent liquidity while staple fiber markets saw relatively soft demand while monofilament market was covered with favorable atmosphere.
Courtesy: Weekly PriceWatch Report
