In China, nylon FDY70D/24F SD and FDY40D prices rolled over in the third week of August. Nylon DTY prices edged up US cent 1 a kg while 30D/10F was up US cents 10 a kg on the week.
Monofilament 30D prices were stable while nylon staple fiber 1.5D prices were kept firm during the week.
Nylon filament yarn market in Asia held firm on easing cost pressure, although nylon chip market declined sharply on the week. Fundamentals were moderate on the back of cautious production, modest demand and passable inventory.
Nylon textile yarn plants operated at 70% rates, as majors still ran at high capacities on healthy profit margins of FDY and monofilament amid strong demand, although the profit margins of POY and DTY were anemic.
Overall, nylon yarn market is expected to edge down in coming weeks.
Courtesy: Weekly PriceWatch Report
