In China, semi-dull FDY70D/24F prices were down US cents 5 a kg in the last week of August while FDY40D fell US cents 8 a kg. Nylon DTY 70D/24F prices declined US cents 5 a kg while DTY 30D/10F was down US cents 8 a kg. Monofilament 30D tumbled US cents 26 a kg on the week while staple fiber 1.5D fell US cents 4 a kg.
Falling prices of caprolactum and nylon chips reduced cost pressure on nylon filament yarn markers and prices fell further in the last week of August. Couple with appeal for rearranging deals and production cutbacks due to off season, run rates at yarn makers remained low. Limited order intakes amid dull season in the downstream restrained demand for nylon yarn. However, devaluation of Yuan contributed to expectation of steady demand.
Demand for staple fiber was tolerable, while for fishing-net yarn, monofilament and cord fabric also steady. Nylon yarn prices will remain flat amid easing cost pressure and it is expected that yarn market will remain range bound in weakness in coming week.
Courtesy: Weekly PriceWatch Report
