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First fortnight sees nylon chips & NFY markets slide
21
Apr '12
Nylon chips and nylon filament yarn (NFY) market was in doldrums as they fell in the previous fortnight ending April 15.

Nylon chip trends declined at a steady pace in the fortnight. In the early part of the reporting period, selling offers for nylon chips slid mainly due to weak buying from downstream as well as due to weak upstream support.

Weak demand and rising inventories with the nylon chip converters, was also one of the important reasons for the fall, revealed experts.

In the second-half of the fortnight, nylon chip prices decreased significantly due to weak buying momentum. Market sentiments were continuously eroded by poor buying interest.

Nylon filament yarn market continued to follow the downward trend, particularly in the US dollar denominated market in the Asian region, in the first seven days of the reporting period.

Nylon filament yarn market faced correction in line with weak feedstock market.

In the second week, nylon filament yarn market remained subdued and prices remained stable in the US dollar based Asian market.

Producers ran their plants at low capacity to balance inventory during the second half of this last fortnight

Fibre2fashion News Desk - India


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