Nylon filament yarn prices fell further during the last week of July as operating cost pressure eased on lower caprolactum and nylon chips prices. Meanwhile textile yarn makers continued to cut run rates on poor confidence and some others with tight liquidity or incurring losses operated at low rates. Demand was off season for textiles amid lackluster economy situation.
Non-textile yarn sector run rates were around 60-70 per cent. Downstream converters saw limited order intakes amid dull season, nylon yarn demand was restrained. In case of non-textile sectors, demand for staple fiber was tolerable with high operating rates, for fishing-net yarn, monofilament and cord fabric was moderate.
Nylon DTY 70D/24F prices were down while DTY 30D/10F prices were unchanged at the end of July. It is expected that nylon yarn markets will continue trend down touching a bottom in August.
Courtesy: Weekly PriceWatch Report
