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Nylon yarn market loses upward momentum

YarnsandFibers News Bureau 2017-11-17 09:46:08 –

In China, nylon FDY70D/24F SD and FDY40D prices were both up US cents 3-10 in the first week of November. Nylon DTY prices were stable while 30D/10F rose US cents 3 a kg on the week. Monofilament 30D prices up US cents 2 a kg on the week while nylon staple fiber 1.5D prices were down US cents 13 a kg.

Nylon filament yarn prices were range-bound this week on easing cost pressure and ample supply in the market. Buyers followed up cautiously and as a result, uptrend lost momentum while trading volume was shrinking. Industrial run rate was at 78%, with capacity at around 3.5 million tons a year.

Demand for FDY was decent while the rest was modest. Overall, nylon yarn prices are expected to remain range-bound in coming weeks.

Courtesy: Weekly PriceWatch Report

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