In China, semi-dull FDY70D/24F prices edged down US cent 1 a kg in the third week of September while FDY40D declined US cents 4 a kg. Nylon DTY 70D/24F prices were stable while DTY 30D/10F were down US cents 7 a kg. Monofilament 30D was stable and staple fiber 1.5D was up US cent 1 a kg.
Nylon filament yarn prices were stable on support of upswing of in cost pressure due to higher prices of caprolactum and nylon chips. However, increased production and slow liquidity contributed to limit fall in inventory level. Thus, most producers had no intention to raise prices. Industry yarn prices were also range bound.
Meanwhile, limited order intake amid dull season and gloomy economic situation restrained demand for nylon yarn. However, the slight recovering raw materials will contribute to boost confidence in downstream converters. Thus, demand will remain stable. Under such scenario, it is expected that nylon filament yarn market will move sideways in coming week.
Courtesy: Weekly PriceWatch Report
