In China, FDY70D/24F SD prices fell US cents 7 a kg in the first week of May, while FDY40D fell US cents 11 a kg on the week. DTY 70D/24F prices declined US cents 7 a kg and 30D/10F fell US cents 7 a kg on the week.
Monofilament 30D prices rebounded US cents 22 a kg while nylon staple fiber 1.5D prices were down US cents 7 a kg during the week.
Nylon filament yarn market sentiment remained bearish following continuous decreases in upstream caprolactum and chip prices. Downstream mills maintained stable operation, implying moderate buying interest. Given soft raw materials, demand was rigid along with bargain hunting.
Warp‐knitting, weaving and AJ covering sectors operated at 70‐80% while, circular‐knitting mills and lacing mills ran at 50%, implying modest demand for nylon yarn. Fishing‐net yarn, monofilament, staple fiber and cord fabric makers also made procurement given lean inventory and had no intention to stock up.
Courtesy: Weekly PriceWatch Report
