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Nylon yarn market remains flat on stable raw material cost

YarnsandFibers News Bureau 2016-02-16 06:37:06 –

In China, semi-dull FDY70D/24F prices fell to US$2.14-2.22 a kg while FDY40D were at US$2.30-2.60 a kg in the first week of February.

Nylon DTY 70D/24F price rolled over at US$2.37-2.57 a kg while 30D/10F prices remained unchanged at US$3.14-3.29 a kg.

Monofilament 30D prices rolled over at US$2.37-2.60 a kg while 1.5D staple fiber were at US$2.11-2.17 a kg.

Nylon filament yarn market was flat on the back of stable caprolactum and nylon chips prices amid rebounding crude oil and benzene.

In China, run rate were down to 35% as more and more players left for a long Lunar New Year holidays and in turn nylon yarn makers cut production.

However, on the back of lower offtake and slower demand ahead of the holiday, market continued to be notional and no firm bids or offers were heard on the week.

Courtesy: Weekly PriceWatch Report

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