In China, semi-dull FDY70D/24F prices were down US cents 7 a kg in the last week of December while FDY40D remained unchanged.

Nylon DTY 70D/24F prices fell US cents 6 a kg while DTY 30D/10F prices rolled over.

Monofilament 30D remained flat on the week while 1.5D staple fiber further declined US cents 4-11 on the week.

Low operating pressure due to softening of caprolactum and semi-dull nylon chips prices, nylon filament yarn prices continued to moderate.

Nylon yarn makers trimmed operating rate facing poor demand with even some major operating at breakeven and faced supply glut, given the poor confidence.

Downstream makers were cautious to follow up after New Year’s Day. Moreover, rigid demand will further weaken as some fabric units will shut down in the second half of January.

Meanwhile, demand for staple fiber was slow and that for fishing-net yarn, monofilament and cord fabric was bleak at year-end.

Courtesy: Weekly PriceWatch Report