In China, nylon FDY70D/24F SD and FDY40D prices were both unchanged in the fourth week of August. Nylon DTY prices were down US cent 4 a kg while 30D/10F was stable.
Monofilament 30D prices fell US cents 15 a kg while nylon staple fiber 1.5D prices were down US cents 7 a kg on the week.
Nylon filament yarn market in Asia was bearish on the back of lower chip cost, with prices for some products softening and some still firm. As nylon chip market trended lower with poor outlook, nylon yarn market moved down slowly under easing cost pressure. Fundamentals were moderate amid cautious production, modest demand and passable inventory.
Demand for FDY and monofilament was decent while demand for other products remained rigid. Warp-knitting, weaving and AJ covering sectors operated at 60-80% of full capacity. Meanwhile, circular-knitting mills and lacing mills ran at 40-60% capacities.
Overall, nylon yarn prices are likely to range bound on a weak note.
Courtesy: Weekly PriceWatch Report
