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Chinese nylon market continues to remain weak
26
Nov '12
Nylon market in China continues to remain slightly weak in recent time owing to flat raw material market.
 
The price of high-end POY 85D/24, produced in Zhejiang, is in the range of 24,500-25,000 yuan/ton, in terms of six-month acceptance. Some manufacturers, however, are offering at higher price of 25,300 yuan/ton. The inventory with manufacturers is only enough to last about 20 days.
 
In Jiangsu and Zhejiang markets, the price of nylon semi-dull FDY 70D/24 is currently in the range of 25,000-25,500 yuan/ton, in terms of six-month acceptance. The earnings of manufacturers are improving with the gradual weakening of raw material price. The demand from downstream weaving sector is slightly dull and market stock is sufficient to last for 20-25 days.
 

Fibre2fashion News Desk - China

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