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Nylon yarn price goes down in China

YarnsandFibers News Bureau 2015-11-24 09:38:46 –

In China, prices of semi-dull FDY70D/24F were down US cents 4 a kg in the second week of November and FDY40D also fell US cents 4 a kg.

Nylon DTY 70D/24F prices were also down US cents 4 a kg while DTY 30D/10F were stable on the week.

Monofilament 30D was down at 17.00-18.00 Yuan a kg (US$2.67-2.83 a kg) and 1.5D staple fiber were at 15.50-16.00 Yuan a kg (US$2.44-2.51 a kg).

Nylon filament yarn prices edged down following decreased operating pressure.

In China, nylon yarn makers gained confidence with improved demand, both in domestic and export markets. To top it, raw materials were receding relieving cost pressure.

Demand for nylon yarn saw improvement due to moderate performance in hosiery, underwear, weaving and warp-knitting sectors.

As the year end was approaching, downstream mills were consuming inventory and bought from hand to mouth yarn volumes.

Courtesy: Weekly PriceWatch Report

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