In China, semi-dull FDY70D/24F prices rolled over at US$2.31-2.39 a kg while FDY40D remained unchanged at US$2.47-2.62 a kg in the third week of December.
Nylon DTY 70D/24F prices fell down US cents 5 a kg while DTY 30D/10F fell US cents 10 a kg.
Monofilament 30D remained stable while 1.5D staple fiber further declined US cents 5 a kg.
Nylon filament yarn markets continued to sustain weaknesses while operating pressure was range-bound as caprolactum and nylon chip prices moderated a bit.
Demand was cautious to follow up, resulting in slow liquidity at nylon yarn makers. Moreover, demand will tilt weaker as some downstream plants will shut down with the approaching China’s Lunar New Year holiday.
Demand for staple fiber was brisk, while for fishing-net yarn, monofilament and cord fabric was insipid. Fishing-net yarn, cord fabric and monofilament makers had meager margins reflecting the general wane in market prices.
Courtesy: Weekly PriceWatch Report
